REORGANIZATION
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Creditors Approve Reorganization Plan Of State-Run Romaero
The reorganization plan for Romaero, a state-owned insolvent company, was approved by the creditors’ meeting on June 17, 2026. The proposal, developed by the company together with the court-appointed trustee Expert Insolventa SPRL Filiala Bucuresti (Bucharest...
Sphera Group to Close Down Several Pizza Hut Restaurants for Reorganization
Sphere Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, has announced it is implementing a Pizza Hut restaurant network reorganization process give...
Romcab Seeks to Return to Trading with RON151M Debt after Reorganization
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks t...
Groupe Renault to Develop Organization around Its Brands; Dacia Becomes Autonomous
France's Groupe Renault announced Thursday a plan to develop its organization around its brands,grouping them mainly into four business units – Renault, Dacia, Alpine and New Mobility.
Oncos Group, Under Reorganization After Insolvency, Sees 40% Higher Turnover In 1H/2020
Cluj-based Oncos Group, under reorganization after insolvency, reported a 40% higher turnover for the first half of 2020 and maintains its objective to reach a 75-own store chain in the regi...
There Is Life After Insolvency: Jolidon, Ambient And Carpatair See Growth Despite Going Through Reorganization
Only 2% of the companies going insolvent successfully reorganize, which means most jobs in those companies are lost for good.
Meat Processor Elit Cugir About To Exit Reorganization
Meat processor Elit Cugir of Romanian entrepreneur Dorin Mateiu, which went insolvent in 2014, is about to complete reorganization and meets all criteria to return to business as usual.
ASF: Astra Situation To Be Settled In July
The situation of insurer Astra Asigurari, under special administration, will be settled end-July, when it will be known whether a strategic investor is willing to inject capital or whether t...
Romgaz Wants To Change To Become ‘Leading Actor’ In CEE
Almost 18 months from its initial public offering, natural gas producer Romgaz (SNG.RO) believes its organizational structure is not adjusted to the challenges on the energy market and wants...