06.04.2014

The debts of Romania’s state-run hydropower company Hidroelectrica fell 64%, to RON1.54 billion, from RON4.33 billion in June 2012, when it first went insolvent. more

06.03.2014

Energy Minister Razvan Nicolescu asked Remus Borza, Euro Insol legal administrator, to give back the EUR2.2 million received for managing Romania’s state-run hydropower company Hidroelectrica during more

06.02.2014

Romania’s insolvent state-run hydropower generator Hidroelectrica will launch an international auction for technological upgrades at the Stejaru hydropower plant in Neamt county (northeastern more

05.28.2014

Romania’s state-run hydropower company Hidroelectrica will likely complete its second insolvency process in May or June next year, the company’s legal administrator Euro Insol said Wednesday. more

05.12.2014

Romania’s insolvent energy producer Hidroelectrica on Friday sold electricity worth 81 million lei (EUR18.5 million) on the local power exchange OPCOM, the power company said in a statement. more

05.12.2014

Marius Adrian Chiriac, former energy acquisition and sales manager with Enel Energie and Enel Energie Muntenia, was named head of energy trading and distribution department of Romania's insolvent more

05.08.2014

Remus Borza, head of Euro Insol, judicial administrator for Romania's insolvent power producer Hidroelectrica, replaced several managers of Hidroelectrica branches in Bistrita and Portile de Fier, more

05.05.2014

Euro Insol, legal administrator for Romania's state-run hydropower producer Hidroelectrica, has appointed two new directors at the company starting May 5. more

04.29.2014

Romanian state-run hydropower producer Hidroelectrica has scheduled investments worth 377 million lei (EUR85 million) for this year, mainly in upgrade works and “historical” projects, the more

04.28.2014

State-run hydropower producer Hidroelectrica’s planned offering of a 15% stake in Bucharest will likely take place next year, once the company completes an insolvency process, according to estimates more

04.28.2014

Euro Insol, legal administrator for Romania's insolvent power producer Hidroelectrica, has hired Stefan Frangulea, former director within local lender BCR, to coordinate the sale of Hidroelectrica’s more

04.23.2014

The supervisory board of Hidroelectrica, Romania’s largest energy producer that entered insolvency for the second time on February 25, has been dissolved, and none of the members appointed in early more

04.18.2014

Romania’s largest electricity generation company, Hidroelectrica, signed a EUR44,000 deal this February to have the feasibility study on the Tarnita-Lapusesti hydropower plant, a EUR1 billion more

04.14.2014

Remus Borza, head of Euro Insol, judicial administrator for Romania's insolvent power producer Hidroelectrica has appointed an IT manager for Hidroelectrica recruited from Russian group Vimetco, the more

04.11.2014

Romanian insolvent power producer Hidroelectrica has closed a RON120 million short-term credit line from Banca Transilvania, which was due on April 11, 2014, the company said in a press release more

04.08.2014

Romania’s insolvent energy producer Hidroelectrica on Tuesday sold electricity worth 153.2 million lei (EUR34.54 million) on the local power exchange OPCOM, bringing the total sum raised in the last more

04.07.2014

Romania’s insolvent energy producer Hidroelectrica sold electricity worth 105 million lei (EUR23.5 million) on the local power exchange OPCOM on April 3 and 4, the company said in a statement. more

04.04.2014

Romania’s insolvent energy producer Hidroelectrica on Friday sold electricity worth 58.46 million lei (EUR13.1 million) on the local power exchange OPCOM, exchange data showed. more

04.03.2014

Romania’s insolvent hydropower producer Hidroelectrica named Roxana Laura Panaitescu and Petronel Chiriac as the new heads of accounting and audit departments, the company announced Thursday. more

04.02.2014

Romania’s insolvent hydropower producer Hidroelectrica terminated a credit line worth 80 million lei (EUR17.93 million) granted by Alpha Bank in 2009, falling due on March 31, 2014. more

04.01.2014

Romania’s insolvent energy producer Hidroelectrica plans to sell 1.27 terawatt-hours of electricity on the local energy exchange OPCOM in a bid to raise 204.86 million lei (EUR46 million), according more

03.31.2014

Romania’s former economy minister Codrut Seres was sentenced to four years in prison Monday by the High Court of Justice for accessory to abuse of office in a case involving the defrauding of more

03.31.2014

The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica named a new financial manager, namely Gabriela Mihailescu, former CFO and deputy CEO of OTP Bank, replacing Lucian more

03.27.2014

Hidroelectrica’s court appointed trustee, Remus Borza, believes the electricity producer will exit insolvency in seven to twelve months and expects the initial public offering of 15% to happen in more

03.24.2014

The legal administrator of Romania’s insolvent hydropower producer Hidroelectrica wants to replace 80% of the company's management within two months and has started by appointing Adrian Gheorghe as more