RESTRUCTURING
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Olteanu, BNR: Some Bank Shareholders Have Grown Tired
Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individua...
Energy Producers CE Oltenia, CE Hunedoara’s Restructuring Deemed Compulsory - Energy Ministry
The restructuring of energy producers CE Oltenia and CE Hunedoara is compulsory in order to be competitive on the market and the government should appoint a consultant to set up a long-term...
SIF Transilvania Fires Managers Brought To Restructure Tourism Division
Regional investment fund SIF Transilvania has dropped plans to restructure its tourism portfolio and has fired the managers it hired just three months ago and who had drafted a three-year ac...
Domo’s Plans For 2015: 45 10-Sqm Kiosks And Home&Deco Sales
Romania’s electronics and IT retailer Domo, which underwent five changes of shareholders and an extensive overhauling process, plans to expand along a single store format this year: 10-sqm k...
Bancpost Completes Restructuring; Wants To Boost Lending
Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015...
Chiritoiu: State Aid Is Biggest Stake In CE Hunedoara And CE Oltenia Restructuring
Restructuring announced at energy holdings Hunedoara and Oltenia, which operate the largest thermal power plants in the country, will probably be dramatic, and the biggest stake in the move...
Banking System After Six Years Of Crisis
Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low.
Austria’s VIG Gets Tired Of Losses, Moves To Harsh Restructuring Steps In Romania
Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of h...
Loan Restructuring Program Is Rather An Electoral Measure - ARB Head
Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial semina...