02.28.2024

Romanian aircraft parts maker Romaero (RORX.RO), which entered insolvency amid financial distress, on Tuesday (Feb 27) announced that the provisional judicial administrator and the special more

02.26.2024

The shareholders of Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Monday (Feb 26) designated the special administrator that will lead more

09.21.2021

Andreea Cosmanescu was appointed interim administrator of regional investment fund SIF Oltenia (SIF5.RO), effective September 15, 2021. more

09.29.2017

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07.30.2015

Nicolae Bogdan Codrut Stanescu was named the new special administrator of Romanian insolvent hydropower producer Hidroelectrica, replacing Gabriel Dumitrascu. more

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

02.28.2014

Gabriel Dumitrascu, head of the privatization office with the Economy Ministry’s Energy Department, will be the new special administrator of state-owned hydropower producer Hidroelectrica, after the more

05.07.2013

Administrators of Romanian mandatory private pension funds (Pillar II) registered loss of 15.2 million lei (EUR3.5 million) in 2012, down 45.1% on the year. more

03.13.2013

Romania’s Economy Minister Varujan Vosganian has proposed Bogdan Stanescu as special administrator of insolvent state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO). more

02.28.2013

Romania’s Economy Ministry will appoint special administrators and a new general manager at insolvent state-owned chemical plant Oltchim by March 15, Economy Minister Varujan Vosganian said 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

10.31.2012

Investment management group City of London, the second largest shareholder of Romanian investment fund Fondul Proprietatea (FP.RO), proposes the reconfirmation of Franklin Templeton’s appointment as more

08.31.2012

Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Friday said Toma Bogdan Costreie has resigned from his position of special administrator, without giving a reason for his decision. more

08.22.2012

Stockholders’ Representatives Council of Romanian investment fund SIF Muntenia (SIF4.RO) Wednesday said it aims to terminate the contract with SAI Muntenia Invest, the fund’s administrator, on the more

07.31.2012

Economy Ministry secretary of state Gelu Stefan Diaconu will be appointed temporary administrator of Romanian state-owned power distributor Electrica, according to a memorandum included on the agenda more

07.11.2012

Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drought. more

07.04.2012

Romania’s Economy Ministry Wednesday appointed Toma Bogdan Costreie as special administrator of chemical producer Oltchim (OLT.RO), the company said in a statement. more

07.03.2012

The managing board of Romanian state-owned power grid operator Transelectrica (TEL.RO) appointed Gheorghe-Gabriel Gheorghe as interim member of the board, replacing Remus Vulpescu, who resigned last more

06.28.2012

Romanian Economy Ministry Thursday appointed Remus Vulpescu, the head of its privatization division, as special administrator of insolvent energy producer Hidrolectrica. 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

06.03.2011

Ionut Gogu on Thursday stepped down from his position on the board of the Romanian state-owned postal service, citing personal reasons. more