06.21.2012

Romania’s energy regulator ANRE Thursday said it will not cancel or withdraw any authorization or license held by state-owned hydropower producer Hidroelectrica, which entered insolvency Wednesday. more

06.20.2012

The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand higher more

06.20.2012

The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said. more

06.20.2012

Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after the more

06.19.2012

The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale of any more

06.19.2012

The Managing Board of Hidroelectrica decided to request the start of insolvency proceedings as the Romanian hydropower producer registered lower sales and rising debts, the company said in a press more

06.19.2012

Atlantic Restaurant System, the operator of the Burger King franchise in Romania, has gone insolvent and closed three restaurants. The fast-food chain now has two restaurants left, which it will close more

06.18.2012

Firm Mitre Building Construction on Monday filed an insolvency claim with the Bucharest Court against shopping center operator Cocor SA Bucuresti (COCR.RO) for unpaid bills of about 120,000 lei (some more

06.18.2012

Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting where this more

06.13.2012

Romania's Trade Registry on Wednesday said 7,427 companies filed for insolvency in the first five months of 2012, down by nearly 20% from 9,177 companies in the same period in 2011. more

06.13.2012

The number of insolvencies might fall significantly this year considering the insolvency drop seen in all activity sectors in the first quarter of the year, the most noticeable decrease over the past more

06.12.2012

Insolvency procedures against Romanian expo center Romexpo will continue after the Bucharest Court of Appeals overruled Tuesday the center’s request to temporarily suspend the application of a court more

06.07.2012

Most Romanian firms that entered insolvency this year operate in the construction, real estate, commerce and production sectors, according to data by liquidator Casa de Insolventa Transilvania (CITR). more

05.31.2012

A Bucharest court has appointed a consortium led by Euro Insol as administrator of Romanian bankrupt engine manufacturer UCM Resita (UCM.RO), the insolvency firm said in a statement Thursday. more

05.25.2012

Romanian expo center Romexpo said Friday it has appealed the decision of the Bucharest Court which upheld an insolvency claim filed against it by firm Arsenoaiei & Matasel Consulting, arguing that it more

05.25.2012

Romanian expo center Romexpo has entered insolvency at the request of a creditor, firm Arsenoaiei and Matasel Consulting, for an overdue debt of over 180,000 lei (EUR40,300). more

05.14.2012

The number of companies going insolvent in the first four months in Romania dropped by over 20% to 5,625 from 7,192 in the same period in 2011, according to Trade Registry data released Monday. more

05.14.2012

Can Serv, owner of Romanian supermarket chain Primavara, has entered insolvency procedures after the Bucharest Court upheld its insolvency claim at the end of last week. more

04.12.2012

The number of companies going insolvent in the first three months in Romania dropped by 13% to 4,414, from 5,082 in the same period of 2011, according to Trade Registry data. more

03.29.2012

The number of Romanian companies going insolvent in the first two months of the year narrowed by 10% compared to the same interval of 2011, to 2.608, with firms in retail and construction taking the more

03.28.2012

The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay debts worth more

03.26.2012

Murfatlar Romania, one of the top local winemakers, is officially insolvent after the Constanta Court (SE Romania) approved its claim to this end. more

03.20.2012

The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development. more

03.15.2012

The Sibiu court on Wednesday allowed an insolvency procedure request filed by construction company Concefa Sibiu (COFI.RO), according to a memo posted on the Bucharest Stock Exchange. more

03.13.2012

Leonardo, the largest local footwear and leather items retailer, which went insolvent in the second half of 2009, sold more than 4 million pairs of shoes at an average price of EUR18/each last year. more