05.05.2017

Germany’s Metro group is beginning an assessment of the operations in Romania, following the developments at the headquarters where an extensive restructuring process is ongoing. The group will more

04.18.2017

The economic crisis cost the beverage production industry more than 9,000 jobs, which is now employing about 16,000 people. more

02.23.2017

The restructuring of the banking system continued last year, when 149 branches and offices were closed and 532 employees left the system, Romania’s central bank statistics show. more

11.29.2016

The restructuring of the banking system continued in the first nine months of 2016, with 90 bank branches closed and 132 people leaving the system, according to Romania’s central bank data. more

06.30.2016

Local banks need to speed up restructuring as the lack of efficiency is causing an unbelievably high waste of money, bankers and consultants attending ZF Bankers Summit’16 on Wednesday said. more

02.15.2016

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01.12.2016

Romanian Economy Ministry, majority shareholder of aircraft maker Avioane Craiova (AVIO.RO), wants the company to get a state aid for restructuring, as its debts exceeded RON116 million at the middle more

12.18.2015

Romanian state-owned railway freight carrier CFR Marfa will have to be restructured again as it continues to register losses, so that it is unattractive for potential buyers, although authorities more

12.16.2015

KPMG Restructuring, the judicial administrator of insurer Astra Asigurari, will draw up, in the upcoming period, a strategy for an efficient patrimony liquidation by business transfer for insurance more

09.21.2015

Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individuals can more

07.14.2015

The restructuring of energy producers CE Oltenia and CE Hunedoara is compulsory in order to be competitive on the market and the government should appoint a consultant to set up a long-term scenario more

04.28.2015

Regional investment fund SIF Transilvania has dropped plans to restructure its tourism portfolio and has fired the managers it hired just three months ago and who had drafted a three-year action plan, more

04.16.2015

Romania’s electronics and IT retailer Domo, which underwent five changes of shareholders and an extensive overhauling process, plans to expand along a single store format this year: 10-sqm kiosks more

04.02.2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

03.19.2015

Restructuring announced at energy holdings Hunedoara and Oltenia, which operate the largest thermal power plants in the country, will probably be dramatic, and the biggest stake in the move is state more

12.03.2014

Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low. more

09.03.2014

Banks in Romania continued to reshuffle their territorial networks in the past year, but fewer units were closed down, a sign that bankers do not want to risk having too few units when lending starts more

08.19.2014

Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of harsh more

05.09.2014

Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial seminar more

05.08.2014

Romanian Prime Minister Victor Ponta said Thursday that loan restructuring will be optional for both banks and individuals and the measure will probably be applied starting July 1, 2014. more

04.24.2014

Romania's state-owned railway company CFR SA is seeking a consultant to draft and implement a detailed restructuring plan under a EUR1.23 million contract to be financed using part of a loan from the more

12.27.2013

Romanian drilling company Dafora Medias (DAFR.RO) announced that it restructured all its loan and leasing contracts. more

09.30.2013

Leonardo, the largest Romanian footwear retailer, has reached its last year of reorganization after the debt-mired company entered insolvency in the second half of 2009. more

07.09.2013

The management of Romanian state-owned airline Tarom is considering downsizing the company’s staff, lowering wages and eliminating flights to conflict zones, including Egypt, Tarom CEO Nicolae more

06.28.2013

The first ten largest insurance companies in Romania employed an average of 12,000 people last year, 1,000 fewer than in 2011, as they continued restructuring their business, hurt by the crisis. more