RESTRUCTURING
86 articole · RSS
European Commission Approves Restructuring Aid Of Up To EUR2.7B For Romania Power Company CE Oltenia
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).
Diverta Has Three-Pronged Restructuring Plan
Bookstore chain Diverta, which entered insolvency at its own request in mid-2021 amid the pandemic, has a restructuring plan made up of three main directions.
Fashion Retailer C&A Hits RON364M Turnover in 2020, Down 30% YOY
Fashion retailer C&A, active on the low-price segment and one of the biggest players on Romania’s fashion market, reached RON364 million turnover last year, down 30% in the pandemic.
Liberty Steel to 'Fix or Sell' Underperformers; Ostrava, Galati 'Profitable'
Liberty Steel, part of industrial group GFG Alliance, said May 5 it will "fix or sell underperforming units" in a restructuring and refinancing drive as it recovers from the March collapse o...
CFR Marfa Set to Lay Off 1,400 People in 2021
Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019.
CITR: 7,000 Romanian Companies Owe Over RON1M Each to State Budget
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading...
PwC: Corporate Insolvency, Restructuring Stay Low In CEE Since Onset Of Pandemic, Except For Romania, Czech Republic
The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw a...
CE Oltenia Gets EU Clearance to Move Ahead with EUR3.5B Restructuring Plan
Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gr...
Tax Authority Approves Romaero Restructuring Plan; Romania Recovers RON50M
Romanian aircraft parts maker Romaero (RORX.RO), of strategic importance for the Romanian aerospace and defense industries, has received tax authority approval for its restructuring plan tha...