INSOLVENCY
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Hidroelectrica Reorganization Won’t Entail Selling Assets, Company To Ensure Job Stability
The reorganization of Romanian state-owned hydropower producer Hidroelectrica, which entered insolvency Wednesday, will target economic mechanisms and will not entail selling assets, accordi...
ANRE: Hidroelectrica Will Operate During Insolvency, No License Withdrawn
Romania’s energy regulator ANRE Thursday said it will not cancel or withdraw any authorization or license held by state-owned hydropower producer Hidroelectrica, which entered insolvency Wed...
BRD VP: Failure Of T-Bill Auction May Be Linked To Hidroelectrica Insolvency
The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand...
Bucharest Court Approves Hidroelectrica's Insolvency
The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said.
Management Incompetence Turns Into National Economy Sabotage
Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after...
Hidroelectrica's Insolvency Is Only Means To Reorganization, Not Bankruptcy – Chairman
The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale...
Sales Fall, Surging Debts Push Hidroelectrica To Request Insolvency
The Managing Board of Hidroelectrica decided to request the start of insolvency proceedings as the Romanian hydropower producer registered lower sales and rising debts, the company said in a...
Burger King Closes Up Shop In Romania
Atlantic Restaurant System, the operator of the Burger King franchise in Romania, has gone insolvent and closed three restaurants. The fast-food chain now has two restaurants left, which it...
Mitre Building Construction Files Insolvency Claim Against Cocor Bucuresti
Firm Mitre Building Construction on Monday filed an insolvency claim with the Bucharest Court against shopping center operator Cocor SA Bucuresti (COCR.RO) for unpaid bills of about 120,000...