“The Bucharest Court ordered the opening of the general insolvency procedure for the indebted Uranium Company and appointed Expert Insolventa SPRL Filiala Bucuresti as judicial administrator”, Expert Insolventa said in a statement in December.
Company representatives did not offer more details on the issue.
Over the past years, multiple companies have requested the opening of insolvency proceedings for the uranium company.
The National Uranium Company was established in 1997 and manages the uranium resources of Romania.