INSOLVENCY
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Hidroelectrica Board Members Surprised By Request For Insolvency
Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting whe...
Trade Registry: Company Insolvencies Down 20% In Jan-May 2012
Romania's Trade Registry on Wednesday said 7,427 companies filed for insolvency in the first five months of 2012, down by nearly 20% from 9,177 companies in the same period in 2011.
Number Of Insolvencies Might Fall Visibly In 2012 – Coface Romania
The number of insolvencies might fall significantly this year considering the insolvency drop seen in all activity sectors in the first quarter of the year, the most noticeable decrease over...
Bucharest Court Of Appeals Overrules Romexpo’s Request To Temporarily Suspend Insolvency Procedures
Insolvency procedures against Romanian expo center Romexpo will continue after the Bucharest Court of Appeals overruled Tuesday the center’s request to temporarily suspend the application of...
Construction, Realty, Trade Sectors See Most Insolvencies In 2012
Most Romanian firms that entered insolvency this year operate in the construction, real estate, commerce and production sectors, according to data by liquidator Casa de Insolventa Transilvan...
Romanian Bankrupt UCM Resita Gets Court-Appointed Administrator
A Bucharest court has appointed a consortium led by Euro Insol as administrator of Romanian bankrupt engine manufacturer UCM Resita (UCM.RO), the insolvency firm said in a statement Thursday...
Romexpo Appeals Court Decision Upholding Insolvency Claim
Romanian expo center Romexpo said Friday it has appealed the decision of the Bucharest Court which upheld an insolvency claim filed against it by firm Arsenoaiei & Matasel Consulting, arguin...
Expo Center Romexpo Enters Insolvency For RON180,000 Debt
Romanian expo center Romexpo has entered insolvency at the request of a creditor, firm Arsenoaiei and Matasel Consulting, for an overdue debt of over 180,000 lei (EUR40,300).
Over 5,620 Romanian Firms Went Insolvent In Jan-April, Down 20% On Year
The number of companies going insolvent in the first four months in Romania dropped by over 20% to 5,625 from 7,192 in the same period in 2011, according to Trade Registry data released Mond...