INSOLVENCY
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Court Postpones Ruling On Tnuva Romania Insolvency
Dairy maker Tnuva Romania’s bid for insolvency was postponed Tuesday, and the court will rule in the matter on February 21, a deadline by which the company may be foreclosed for debts worth...
Tnuva Romania Files For Insolvency
Dairy maker Tnuva Romania, part of Israeli group Tnuva, filed for insolvency on January 6, reportedly because of piling up losses.
Banks And Insolvency Firms Bring Foreclosed Properties Valued At EUR36M Under The Hammer
Bankers and insolvency firms’ agenda for the coming month includes auctions for foreclosed properties appraised at EUR36 million, reveals a ZF survey of the ads published by the top ten bank...
Fornetti Story: From EUR40 Million Sales To Insolvency
About a decade ago, pastry shop chain Fornetti, the largest network of pastry kiosks in Romania (1,100) entered the local market. A week ago, the chain filed for insolvency under the pressur...
Dairy Maker Prodlacta Brasov Enters Insolvency
Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators.
Trade Registry: Companies With A Total RON12.7B In Sales Went Insolvent In Jan-Oct
Companies that went insolvent in Romania by the end of October this year have a cumulated turnover of 12.7 billion lei (some EUR3 billion), compared to RON15.7 billion in the same interval o...
Trade Registry: Company Insolvencies Down 10% In Jan-Oct
Romania's Trade Registry Thursday said 15,767 companies filed for insolvency in the first 10 months of 2011, down 10% from 17,484 companies in the same period a year earlier.
The Bridge Bank, An Invention That Could See The Government Spend Money To Save Failed Banks
The bridge bank – the latest concept of financial institution to be launched on the Romanian market – is a lending institution that could appear on the market when the National Bank of Roman...
The Story Of The Biggest Insolvency In Real Estate
In 2007, developers of the Asmita Gardens in Bucharest sold one apartment per day, although the seven towers were not finalized yet. However, in the last seven months, with the blocks finali...