REORGANIZATION
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Cemacon Saw Sales Rise 68% In 1Q, Growth Will Continue In 2Q
Romanian brick maker Cemacon Cluj ended the first quarter of this year with revenue of more than RON11 million, a 68% increase compared to the year earlier period though the start of the yea...
CE Hunedoara Replaces Heads Of Several Units Over Inefficiency
Energy holding CE Hunedoara has undergone the first step of the reorganization program by turning operating divisions (mining units) into branches, and by setting up a service branch.
Reorganization Under Insolvency Tripled In 2014 Vs. 2007, To Over 5.5%
Insolvent businesses that underwent reorganization tripled in 2014 compared to 2007, to more than 5.5% of insolvencies, but the rate remains low as many businesses resort to insolvency too l...
Carrier Edy Spedition One Step Closer To Exiting Insolvency
Road carrier Edy International Spedition SA is now undergoing reorganization after the Brasov Court of Appeal approved the plan submitted by the court-appointed trustee Rovigo SPRL, two and...
Court Approves Frigoexpres Reorganization Plan
Oradea-based freight shipping company Frigoexpres, which went insolvent in August 2013, has had its reorganization plan approved in court.
PCC SE Wants Romanian State To Draw Up Oltchim’s Reorganization Plan
German company PCC SE, the biggest private shareholder of Romanian insolvent chemical company Oltchim SA (OLT.RO), proposed that the Romanian state, its main creditor, should draw up the com...
Nuclearelectrica Might Drop Fuel Production, Focus On Electricity Generation Only
The consultant that will draw up the reorganization project for the nuclear energy sector, which covers 20% of Romania's electricity consumption, will also consider the scenario of having Nu...
Financial Supervisory Authority To Undergo Reorganization Program
Romania’s Financial Supervisory Authority ASF will undergo an extensive reorganization program, based on a PwC report, that will trigger a significant personnel expense cut and higher effici...
Carpatair, No More Regular Flights From Romanian Airports
Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by credit...