Results 1 - 25 from 89 for "restructuring"
-
Vivre Deco Submits Restructuring Plan To Bucharest Court
11.07.2022
Online furniture and home decor retailer Vivre Deco, which has two bond issues listed on the Bucharest Stock Exchange, VIV25E and VIV26E, respectively, announced in a stock market report on Monday more
-
Quadra Invest Exports 95% of Output, Readies for Reshuffle
09.15.2022
Quadra Invest, an upholstered furniture producer of Targoviste, Dambovita county, owned by Gijsbert Huijink, an entrepreneur with 20 years of experience in Romanian business, exports 95% of more
-
Chimcomplex To Undergo Major Restructuring To Cope With Soaring Energy Prices
03.14.2022
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Monday that it is forced to enter a major restructuring program in an more
-
European Commission Approves Restructuring Aid Of Up To EUR2.7B For Romania Power Company CE Oltenia
01.27.2022
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia). more
-
Diverta Has Three-Pronged Restructuring Plan
01.05.2022
Bookstore chain Diverta, which entered insolvency at its own request in mid-2021 amid the pandemic, has a restructuring plan made up of three main directions. more
-
Fashion Retailer C&A Hits RON364M Turnover in 2020, Down 30% YOY
11.12.2021
Fashion retailer C&A, active on the low-price segment and one of the biggest players on Romania’s fashion market, reached RON364 million turnover last year, down 30% in the pandemic. more
-
Tax Agency Approves Debt Restructuring For Car Parts Maker Satrotec
11.02.2021
Swiss-held car parts manufacturer Satrotec AG has received the approval of Romania’s tax authority ANAF for the restructuring of RON2 million worth of tax debts, on the basis of government ordinance more
-
Liberty Steel to 'Fix or Sell' Underperformers; Ostrava, Galati 'Profitable'
05.06.2021
Liberty Steel, part of industrial group GFG Alliance, said May 5 it will "fix or sell underperforming units" in a restructuring and refinancing drive as it recovers from the March collapse of more
-
CFR Marfa Set to Lay Off 1,400 People in 2021
04.16.2021
Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019. more
-
CITR: 7,000 Romanian Companies Owe Over RON1M Each to State Budget
03.03.2021
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency more
-
PM Citu: State Companies With Losses To Receive Budget Funds Only Based On Restructuring Plan
01.05.2021
Romania’s Prime Minister Florin Citu announced Monday evening that state-owned companies with losses will receive state budget funds only based on restructuring plans. more
-
PwC: Corporate Insolvency, Restructuring Stay Low In CEE Since Onset Of Pandemic, Except For Romania, Czech Republic
12.09.2020
The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase more
-
CE Oltenia Gets EU Clearance to Move Ahead with EUR3.5B Restructuring Plan
11.17.2020
Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gradually more
-
Tax Authority Approves Romaero Restructuring Plan; Romania Recovers RON50M
11.02.2020
Romanian aircraft parts maker Romaero (RORX.RO), of strategic importance for the Romanian aerospace and defense industries, has received tax authority approval for its restructuring plan that more
-
Romaero Undergoes Restructuring To Cut Its State Budget Debts By RON256M
08.05.2020
Romanian aircraft parts maker Romaero (RORX.RO), a strategic company for Romania’s aerospace and defense industry, is undergoing a restructuring process aimed at reducing its state budget debts by more
-
CFR Marfa Maintenance And Repair Division Exits Insolvency
07.29.2020
CFR IRLU, the maintenance and repair division of Romania's state-owned freight railway carrier CFR Marfa, has exited insolvency by restructuring its debts to the state budget outside the company more
-
Romanian Banking Sector Shed 380 Units, 585 Employees in the Past Year
06.22.2020
The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year. more
-
Car Parts Manufacturers in Romania Shed 5,000 Employees in 2019
06.16.2020
Five large car part manufacturers in Romania – Autoliv, Lear Corporation, Yazaki, Faurecia and Adient Automotive – shed nearly 5,000 employees in 2019, according to finance ministry data more
-
Fondul Proprietatea Wants Restructuring Of Romaero’s Historic Budget Debts Amassed In Last 11 Years
04.09.2020
-
CFR Marfa To Undergo Restructuring, Sell Unprofitable Assets
02.24.2020
Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets under the more
-
Deutsche Telekom Also Closes Subsidiary Of T Systems Division In Romania As Part Of Global Restructuring Program
12.02.2019
Germany's Deutsche Telekom Group, which undergoes a full restructuring process of its IT services division, T Systems, globally, in a move to cut costs by EUR600 million, has decided to also close more
-
Almost 400 Bank Branches Closed and 2,340 Employees Left by End of September 2019
11.29.2019
The restructuring of the banking system’s territorial network and number of employees continued in the first nine months of this year. The number of branches fell by 397 and the number of employees more
-
Banking System Restructuring Continues: Fewer Branches, More Employees In H1
08.31.2018
The restructuring of the banking system continued in the first half of 2018, so banks in Romania ended June with 4,529 branches and offices, 146 fewer than at the end of the first half of 2017. more
-
Lactalis Starts Restructuring After Acquisition Of Albalact And Covalact; To Close Down Kogalniceanu Plant
12.15.2017
French giant Lactalis, leader on the Romanian dairy market after buying three major players over the last decade - La Dorna, Albalact and Covalact-, will be closing down the factory in Kogalniceanu more
-
BayWa Leaves Romanian Grain Trading Market After Growing Business To EUR100M
08.23.2017
BayWa, the largest agricultural cooperative in Germany, is restructuring its grain trading business in Romania, after only two years, during which it saw record growth to EUR100 million. more