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Results 176 - 200 from 367 for "insolvency"

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  • ARB: Insolvent Companies Have Outstanding Arrears Of EUR25B

    06.20.2014

    Romanian insolvent companies owe an estimated EUR25 billion in overdue debt to the state, local banks and to other companies, the Romanian Banking Association, or ARB, said Friday. more

  • Arad-based Industrial Park Cefin Put Up For Sale For EUR26M Debts

    06.11.2014

    The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer which more

  • Hidroelectrica’s Debts Narrowed By 64% Since June 2012

    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

  • Hidroelectrica's Legal Administrator Should Give Back Money For First Insolvency Process

    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

  • Hidroelectrica To End Insolvency Process In May-June 2015 - Administrator

    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

  • Coface: Insolvencies Down 14% In 1Q, To 6,000 Open Procedures

    05.14.2014

    The number of insolvency procedures opened dropped by around 14%, to nearly 6,000 procedures, affecting mostly utilities, the extracting industry and constructions, according to Coface. more

  • Hidroelectrica’s Supervisory Board Dissolved After Company Went Insolvent

    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

  • Trade Registry: 1Q Company Insolvencies Down 10% On Year

    04.17.2014

    Romania's Trade Registry on Thursday said 6,800 companies filed for insolvency in the first three months of the year, down 9.75% from 7.535 companies in the year-earlier period. more

  • Oncos Group Goes Insolvent

    04.07.2014

    Cluj-based poultry and bread producer Oncos group, with a 44-unit network, decided to enter insolvency, after having submitted a request in this respect to Cluj Court. more

  • Alpha Bank: Romanian Banks Need Better Financial Discipline

    04.02.2014

    Alpha Bank Romania’s chief said Wednesday bankers need stronger financial discipline principles so feasible customers are not passed over because of the “unhealthy” practices of some companies more

  • 100 Largest Companies Going Insolvent In Past Year Had RON13B In Revenue And RON1.3B Losses

    04.02.2014

    Top Brands Distribution (TBD), a top player in the consumer goods industry, entered insolvency in March, thus raising the number of companies with revenues of more than EUR100 million that have more

  • Top Brands Distribution Looking For New Clients, But Does Not Rule Out Bankruptcy

    04.01.2014

    Fast moving consumer goods distributor Top Brands Distribution, number two in its line of business in 2011, went insolvent after losing its sole client, cigarette producer Philip Morris. more

  • Distributor Top Brands Enters Insolvency After Massive Drop In Turnover

    03.31.2014

    Top Brands Distribution, known for the distribution of cigarettes produced by Philip Morris Romania and of Mondelez (former Kraft Foods) products, has entered insolvency after its 2012 turnover more

  • Romanian Lenders See Improvement In Liquidated Asset Sales

    03.27.2014

    Banks see improvement in asset liquidation sales and support company restructuring outside of insolvency procedures, which they consider simpler and less costly than insolvency. more

  • CITR: Around 3,200 Major Businesses In Romania Heading For Imminent Insolvency

    03.27.2014

    Less than 3% of all active businesses in Romania (less than 20,000) have turnovers of more than EUR1 million and a decisive role in the Romanian economy, and 3,200 of them are insolvent but have not more

  • Borza: Hidroelectrica Will Raise EUR500M From IPO In 2015

    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

  • Carpatair, No More Regular Flights From Romanian Airports

    03.25.2014

    Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by creditors, more

  • How Did Romania’s Largest Energy Producer End Up Insolvent Twice?

    03.12.2014

    Hidroelectrica, Romania’s largest power generator, is again undergoing insolvency, for the second time in less than a year, and market sources say its stock market listing is almost impossible this more

  • Hidroelectrica To Exit Insolvency Soon, Undergo Restructuring

    02.26.2014

    The Economy Ministry will take steps for state-run hydropower producer Hidroelectrica to exit insolvency “as soon as possible”, and will reorganize the company by giving up investments unimportant more

  • Economy Ministry May File Extraordinary Appeal For Hidroelectrica To Exit Insolvency

    02.26.2014

    The Economy Ministry might file extraordinary appeal for Romanian state-run hydropower producer Hidroelectrica to exit insolvency, Gabriel Dumitrascu, head of privatization with the Energy Department, more

  • Euro Insol Reinstated As Hidroelectrica’s Legal Administrator

    02.26.2014

    Insolvency company Euro Insol has been reinstated as judicial administrator of Romanian state-run hydropower producer Hidroelectrica after the latter was court-ordered into re-entering reorganization more

  • Hidroelectrica Goes Insolvent Again

    02.25.2014

    Hidrolectrica went insolvent again after Court of Appeals ruled in favor of several energy traders which appealed the decision of the company's former legal administrator of not acknowledging RON1.3 more

  • Trade Registry: 2,054 Companies Filed For Insolvency In January

    02.21.2014

    A little over 2,000 companies went out of business in Romania last month, down 14.5% compared with January 2013, data from the Trade Registry showed Friday. more

  • Justice Minister: Insolvency Law To Arrive By Midyear

    02.14.2014

    The new insolvency code, a law that banks and other creditors expect to make it easier for them to get their money back, while ailing companies hope it will provide them with a better framework for more

  • CITR: Companies In Food And Retail Sectors Most Prone To Insolvency In 2014

    02.12.2014

    Companies in the food sector, the owners of leasable retail and office spaces, the beneficiaries of subsidies and infrastructure builders will be most affected by insolvency in 2014, according to more

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