RESTRUCTURING
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BayWa Leaves Romanian Grain Trading Market After Growing Business To EUR100M
BayWa, the largest agricultural cooperative in Germany, is restructuring its grain trading business in Romania, after only two years, during which it saw record growth to EUR100 million.
Metro Trying To Restructure Real Estate Operations In Romania
Germany’s Metro group is beginning an assessment of the operations in Romania, following the developments at the headquarters where an extensive restructuring process is ongoing. The group w...
End Of Restructuring In Beverage Industry As Top Companies Start Hiring Again
The economic crisis cost the beverage production industry more than 9,000 jobs, which is now employing about 16,000 people.
149 Bank Branches Closed And 532 Employees Left Banking System In 2016
The restructuring of the banking system continued last year, when 149 branches and offices were closed and 532 employees left the system, Romania’s central bank statistics show.
Banking System Restructuring Continues At Slower Pace
The restructuring of the banking system continued in the first nine months of 2016, with 90 bank branches closed and 132 people leaving the system, according to Romania’s central bank data.
ZF Bankers: Bankers Admit Need For Faster Bank Restructuring
Local banks need to speed up restructuring as the lack of efficiency is causing an unbelievably high waste of money, bankers and consultants attending ZF Bankers Summit’16 on Wednesday said.
OMV Petrom Considers Restructuring Plan
The oil price slump is forcing oil and natural gas producer OMV Petrom (SNP.RO) to consider restructuring, a step that will affect both projects and the number of employees, in order to navi...
Avioane Craiova Mulls State Aid For Restructuring
Romanian Economy Ministry, majority shareholder of aircraft maker Avioane Craiova (AVIO.RO), wants the company to get a state aid for restructuring, as its debts exceeded RON116 million at t...
Costescu: CFR Marfa Unattractive For Sale, To Be Restructured Again
Romanian state-owned railway freight carrier CFR Marfa will have to be restructured again as it continues to register losses, so that it is unattractive for potential buyers, although author...