07.22.2013

Romanian firm Energy Bio Chemicals SA has entered insolvency at the request of E.ON Energie Romania, a unit of German utility E.ON. more

07.18.2013

Romania’s new insolvency law has been finalized and will be put up for public debate in August, Maria Grapini, the country’s Minister for Tourism, Business Environment and Small and Medium-sized more

07.10.2013

Eleven shopping centers in Romania went insolvent or ceased activity and constructions on ten other shopping mall projects were halted after investing millions of euros already, which do not include more

07.08.2013

Managers who cause a firm to enter insolvency will have to cover partially or totally the debts registered by the firm from their own pocket and will not be allowed to run other companies for ten more

07.08.2013

Romanian companies facing financial problems may file for insolvency only if their debts exceed 90,000 lei (over EUR20,000), and creditors may submit insolvency claims against debtors 30 days after more

07.03.2013

Bel Rom Cinci SRL, the firm through which Belgian group Bel Rom developed the retail park Hello Shopping Park in Bacau, northeastern Romania, filed an insolvency claim Tuesday targeting the shopping more

06.27.2013

The Bucharest Court decided insolvent state-owned hydropower producer Hidroelectrica may exit insolvency. more

06.24.2013

About 1,164 Romanian firms defaulted on their debts in May and the number of insolvencies reached some 7,100 in the first five months of 2013, down 4.5% on the year, according to Trade Registry data. more

06.19.2013

Romania’s largest power producer Hidroelectrica will most likely complete its insolvency process by the end of next week, following the approval of the company’s reorganization program by its more

06.14.2013

The Bucharest Court admitted Thursday an insolvency request filed by Bel Rom Sapte, the firm through which Belgian group BelRom developed a shopping park in Foscani, eastern Romania. more

06.13.2013

Romania will refrain from adopting a series of bank law initiatives that could “undermine credit discipline,” including a bill on personal bankruptcy or a debt collection bill, the government said more

06.12.2013

Managers in Romania believe that lower consumer demand is the reason why the companies they run have gone insolvent, while facts show most of insolvencies were triggered by high debts and more

06.11.2013

Euro Insol, the legal administrator of Romanian insolvent state-run power producer Hidroelectrica, on Tuesday submitted the company’s reorganization plan to the court. more

06.11.2013

The average turnover of firms that entered insolvency in the first quarter of 2013 is triple compared to that of firms that defaulted on their debts in the similar interval a year ago, despite a 10% more

06.06.2013

Romanian state-run power producer Hidroelectrica is likely to complete its insolvency process by the end of June, after the Bucharest Court rejected the last appeal filed by Alpiq RomIndustries, one more

06.05.2013

Bancpost, Banca Italo-Romena, Alpha Bank and Banca Transilvania along with six grain traders including VA Intertrading, CHS, Brise Group, Alfred Toepfer and Cargill have about EUR19.5 million to more

05.29.2013

Romanian Energy Minister Constantin Nita Wednesday said that state-run power producer Hidroelectrica will likely complete its insolvency process by July 1, one year after having declared bankruptcy. more

05.29.2013

The number of insolvencies will increase 10% in Romania in 2013, similar to last year, when 23,665 firms defaulted on their debts, according to a survey conducted by rating agency Coface, which shows more

05.22.2013

Romania’s Trade Registry said Wednesday 1,460 firms entered insolvency in April, up 5.4% on the year and slightly down from 1.515 in March. more

05.22.2013

The Bucharest Court admitted an insolvency request filed by Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO), owned by businessman Ovidiu Tender, for debts worth EUR37 more

04.12.2013

Romanian steel maker Mechel Campia Turzii (INSI.RO) filed for insolvency on March 22, the company said in a statement Friday. more

04.12.2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more

04.10.2013

Dobrogea Grup, one of Romania’s largest bakery businesses, went insolvent six weeks ago after its sales dropped 24% to EUR41 million in 2012. more

04.08.2013

About 1,000 employees of insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) will hold a protest rally outside the Government building in Bucharest Tuesday, requiring an urgent meeting with Prime more

04.08.2013

The last four years saw more insolvencies announced than new investments started, and going insolvent most often means bankruptcy and liquidation. more