INSOLVENCY
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Euro Insol: Large Firms Seen Insolvent In 2013, Mostly Targeting Industry
The cases of large Romanian companies going insolvent will increase in 2013, especially in industry, as banks can no longer roll over bad loans due to the weak economic performance, accordin...
Major Truck Dealer Files For Insolvency
Dumatrucks, one of the largest truck dealers in Romania, which sells Renault Trucks, filed for insolvency early in December, according to the Bucharest Court website.
Grand Arena Owners Deem Court Decision Admitting Insolvency Claim Groundless, Appeal Ruling
The owners of Bucharest’s shopping center Grand Arena, which entered insolvency at the end of last year, said Friday the court ruling allowing for the start of insolvency proceedings was unf...
Insolvent Grand Arena Mall Announces New Major Tenant
Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the ow...
Larger Romanian Companies Went Insolvent In 2012
Mic.ro, Hidroelectrica, Tnuva, a few real estate developers and 15,000 other businesses were unable to pay their debts this year and were forced to file for insolvency and part of them went...
Number Of Insolvencies Down 1.7% On Year In First Eleven Months
The number of Romanian companies going insolvent in the first eleven months of 2012 dropped 1.7% compared with the same interval a year ago, to 15,148, the trade registry said Wednesday.
Construction Firm Romstrade Enters Insolvency
Romanian construction company Romstrade has entered into insolvency proceedings after the Giurgiu Court approved the request filed by Iasi-based firm Agroindustrial Construct and appointed C...
Three Builders With EUR185M In Revenue Under Insolvency
Confort, Euroconstruct and N.M.Construct, the largest construction companies by revenue in Timis County, Western Romania, went insolvent this year.
Coface: More, Larger Firms Went Belly Up In 2012, Financial Crisis Prolongs
The average turnover of the companies declared insolvent in 2012 was 34% higher than in the year before, which prolongs the financial crisis, according to of Coface rating agency.