The court designated Casa de Insolventa Transilvania, Bucharest branch, to act as temporary judicial administrator and the first meeting of creditors was scheduled for April 17.
Bilbor Mineral Water was launched in 2009 and entailed an investment of more than EUR10 million in a factory in Bilbor, Harghita county.
According to Finance Ministru data, Bilbor Mineral Water’s turnover declined 22% in 2013, to RON7.65 million (EUR1.73 million), and its loss narrowed 62%, to RON1.1 million (around EUR250,000), after registering growth in previous years.
Besides Bilbor, URBB’s portfolio includes beer brands Tuborg, Carlsberg and Skol and juice brand Granini.