INSOLVENCY
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Supermarket Network Primavara Enters Insolvency
Can Serv, owner of Romanian supermarket chain Primavara, has entered insolvency procedures after the Bucharest Court upheld its insolvency claim at the end of last week.
Some 4,400 Romanian Firms Went Insolvent In 1Q, Down 13% On Year
The number of companies going insolvent in the first three months in Romania dropped by 13% to 4,414, from 5,082 in the same period of 2011, according to Trade Registry data.
Number Of Insolvencies Down 10% On Year In First Two Months
The number of Romanian companies going insolvent in the first two months of the year narrowed by 10% compared to the same interval of 2011, to 2.608, with firms in retail and construction ta...
Palatul Universul Owner Goes Insolvent
The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay de...
Winemaker Murfatlar Romania Goes Insolvent
Murfatlar Romania, one of the top local winemakers, is officially insolvent after the Constanta Court (SE Romania) approved its claim to this end.
Bucharest Court Allows Insolvency At Laguna Residence
The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development.
Sibiu Court Allows Insolvency For Concefa
The Sibiu court on Wednesday allowed an insolvency procedure request filed by construction company Concefa Sibiu (COFI.RO), according to a memo posted on the Bucharest Stock Exchange.
Leonardo Expects EUR72M Sales, Similar To 2011
Leonardo, the largest local footwear and leather items retailer, which went insolvent in the second half of 2009, sold more than 4 million pairs of shoes at an average price of EUR18/each la...
Stock Market Trend Gives Insolvency Firms Hope They’ll Be Able To Sell Troubled Companies’ Assets
The return of the local stock market to growth, which reached the high of the last seven months on Wednesday, is giving hope to insolvency firms that the economy would resume growth and inve...