INSOLVENCY
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Asmita Gardens Dubbed Insolvent At Alpha Bank's Request
The Bucharest court on Monday approved an insolvency claim filed by Alpha Bank against the developer of Asmita Gardens, one of Bucharest’s largest residential compounds.
Entrepreneurs Still Cling To Pre-Crisis Prices, Say Investment Bankers
Several hundred companies are for sale on the Romanian market, most of them SMEs, but the number of done-deals is extremely low compared with the 2007-2008 period, when investment funds and...
Romania Will See More Reorganizations Than Bankruptcies In 2012 - Liquidator
Insolvency claims by companies will continue in 2012, but judicial reorganizations will outweigh bankruptcies, Tuesday said Rudolf Paul Vizental, senior partner within liquidator Casa de Ins...
Alpha Bank Requests Asmita Gardens’ Insolvency
The Asmita Gardens project in Bucharest, the most expensive residential complex built by a private investor on the local market, might go insolvent as requested by Greek lender Alpha Bank, w...
Realitatea Media Files For Insolvency
Media group Realitatea Media, owned by businessman Elan Schwartzenberg, filed for insolvency on September 2 and the Bucharest Court will analyze the request on September 7, according to the...
Trade Registry: Company Insolvencies Down 4% In Jan-July
Romania's Trade Registry Thursday said 12,703 companies filed for insolvency in the first seven months of 2011, down 4% from 13,183 companies in the same period a year earlier.
Trade Registry: Nearly 11,000 Companies Went Belly Up In 1H
Romania's Trade Registry Wednesday said 10,979 companies filed for insolvency in the first half of 2011, down 2% from 11,221 companies in the same period a year earlier.
UniCredit Asks For Avrig 35's Insolvency
UniCredit Tiriac Bank has filed a petition requesting the insolvency of Avrig 35 and Avrig Asset Management, after having lent them more than EUR70 million over time for real estate projects...
DHL Romania Requests Blue Air's Insolvency
DHL International Romania has asked the Bucharest Court to start insolvency procedures against low-cost airline Blue Air to recover some debts, and the trial will start in October.