INSOLVENCY
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Romania’s Leading Transport Company edy Spedition Files For Insolvency
edy International Spedition, the leading transport company on the Romanian market, has filed for insolvency earlier this month, according to a Hunedoara court.
Hidroelectrica Administrator: Bad Management Widespread In State-Owned Companies
Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by t...
Hidroelectrica Won't Beat Insolvency Any Time Soon - Administrator
Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administra...
Plants Worth Over EUR100M Put Up For Sale Following Insolvency
The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction...
Story Of Turabo: From 50 Coffee Shops To Insolvency
Tudor Dragomir Niculescu, the owner of the Turabo coffee shop chain and one of the first to get the coffee shop market going in Romania, has closed down, in less than three years, all his 50...
Romanian Lottery Risks Insolvency - General Manager
The financial status of the Romanian National Lottery "is not good" and the company may enter insolvency unless it not enforces measures to boost efficiency, the company’s general manager Da...
Hidroelectrica Administrator: We Are Preparing For Force Majeure
Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drou...
Report On Causes Of Insolvency For Hidroelectrica To Be Unveiled In July
Romanian hydropower producer Hidroelectrica’ filing for insolvency was a "shocking” and “historical” decision and a report on what caused the company to end up in this situation will be pres...
Hidroelectrica Insolvency Case Reaches BNR
Hidroelectrica’s creditors and its court-appointed administrator are due to discuss the impact of the shocking insolvency of Romania’s most valuable state-run company at the central bank’s h...