REORGANIZATION
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Real Estate Developer Plaza Centers Enters Judicial Reorganization
Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced...
Bucharest’s Residential Compound Ibiza Sol May Be Put Up For Sale For EUR33.3M
Creditors approved the reorganization plan of residential compound Ibiza Sol, which states two action plans, including selling the complex for EUR33.3 million, firm Euro Insol, the court-app...
Government Approves Decree Reorganizing ANAF
Romania’s Government approved Wednesday an emergency ordinance reorganizing the country’s tax authority ANAF and the creation of the Antifraud Department.
Creditors Approve Hidroelectrica’s Reorganization Plan
The creditors of Romanian insolvent state-owned hydropower producer Hidroelectrica approved the reorganization plan of the company Tuesday.
Nita: Romanian Energy System Must Be Reorganized
Romania's energy system must be reorganized as a result of the market liberalization and the splitup of companies on types of resources, minister in charge Constantin Nita said Tuesday.
Energy Minister Plans New Reorganization, Including Hidroelectrica Split-up
Romanian government will reorganize the state-owned energy companies planning to set up two or three powerful companies able to compete at regional level, minister-delegate for energy Consta...
FinMin Plans Merger Of Fiscal Guard, Custom Authority and Anti-Fraud Unit
Romania’s tax authority ANAF will remain under the subordination of the Finance Ministry, while the Financial Guard, the Custom Authority and the Anti-Fraud Unit will be merged, according to...
New Government Pledges To Restructure Fiscal Control Institutions
Romania’s new Government will restructure tax authority ANAF, the Financial Guard and the customs authority in 2013-2016 and will set up a supervision and audit council made up of European U...
Cantacuzino Institute To Resume Vaccine Production Within 12 To 18 Months
Romania’s Cantacuzino Institute will resume its production of vaccines, including seasonal flu shots, within 12 to 18 months since the beginning of talks on its reorganization, Health Minist...