04.12.2013

Romanian steel maker Mechel Campia Turzii (INSI.RO) filed for insolvency on March 22, the company said in a statement Friday. more

04.12.2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more

04.10.2013

Dobrogea Grup, one of Romania’s largest bakery businesses, went insolvent six weeks ago after its sales dropped 24% to EUR41 million in 2012. more

04.08.2013

About 1,000 employees of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) will hold a protest rally outside the Government building in Bucharest Tuesday, requiring an urgent meeting with Prime more

04.08.2013

The last four years saw more insolvencies announced than new investments started, and going insolvent most often means bankruptcy and liquidation. more

04.01.2013

No part of Romania has escaped insolvency in the last five years, when one company for every 200 people defaulted. more

03.28.2013

In almost five years of decline for the local business sector the likes of which it has not seen in decades, a new kind of consultants has established itself on the market. more

03.26.2013

Banks can no longer afford to roll over non-performing loans and will start filing insolvency claims against debtors, Remus Borza, the legal administrator of insolvent state-owned company more

03.13.2013

The legal administrators of Romanian insolvent state-owned chemical plant Oltchim recommend the company’s privatization either by setting up a special purpose vehicle, which takes over the plant’s more

03.05.2013

Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency mainly due to authorities’ indecision to set off more

03.05.2013

Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency, mainly due to authorities’ indecision to set off more

02.27.2013

Romanian energy producer Hidroelectrica won’t exit insolvency procedure and enter a two-three years reorganization plan June 26 unless it is able to sell its micro-power plants, Remus Borza, head of more

02.27.2013

Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF. more

02.20.2013

Romanian steel maker Mechel Targoviste (COS.RO) has filed for insolvency with a view to restart activity once its restructuring process is complete, the company said in a statement Wednesday. more

02.19.2013

Aurel Koeber, Piatra-Neamt-based businessman who controls Koeber, one of the largest players on the Romanian varnish and paint market, says one of the biggest challenges in his sector is more

01.31.2013

Romania’s Trade Registry on Thursday said around 90,000 companies went insolvent since the start of the economic crisis, in 2008. more

01.30.2013

The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO). more

01.28.2013

The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the company, more

01.24.2013

A firm owned by lawyer Gheorghe Piperea and BDO Business Restructuring, part of international group BDO, have been appointed interim legal administrators of Romanian state-run chemical plant Oltchim more

01.24.2013

The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a proposition more

01.23.2013

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told Mediafax more

01.11.2013

The Romanian Government will amend insolvency law in 2013, on being disputed by the investors which claim it is detrimental to the fair companies, minister delegate for small and medium-sized more

01.10.2013

The cases of large Romanian companies going insolvent will increase in 2013, especially in industry, as banks can no longer roll over bad loans due to the weak economic performance, according to Euro more

01.09.2013

Dumatrucks, one of the largest truck dealers in Romania, which sells Renault Trucks, filed for insolvency early in December, according to the Bucharest Court website. more

01.04.2013

The owners of Bucharest’s shopping center Grand Arena, which entered insolvency at the end of last year, said Friday the court ruling allowing for the start of insolvency proceedings was unfair and more