04.01.2013

No part of Romania has escaped insolvency in the last five years, when one company for every 200 people defaulted. more

03.28.2013

In almost five years of decline for the local business sector the likes of which it has not seen in decades, a new kind of consultants has established itself on the market. more

03.26.2013

Banks can no longer afford to roll over non-performing loans and will start filing insolvency claims against debtors, Remus Borza, the legal administrator of insolvent state-owned company more

03.13.2013

The legal administrators of Romanian insolvent state-owned chemical plant Oltchim recommend the company’s privatization either by setting up a special purpose vehicle, which takes over the plant’s more

03.05.2013

Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency mainly due to authorities’ indecision to set off more

03.05.2013

Romanian Economy Minister Varujan Vosganian said Tuesday that, unfortunately, no state-run companies were rescued after entering insolvency, mainly due to authorities’ indecision to set off more

02.27.2013

Romanian energy producer Hidroelectrica won’t exit insolvency procedure and enter a two-three years reorganization plan June 26 unless it is able to sell its micro-power plants, Remus Borza, head of more

02.27.2013

Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF. more

02.20.2013

Romanian steel maker Mechel Targoviste (COS.RO) has filed for insolvency with a view to restart activity once its restructuring process is complete, the company said in a statement Wednesday. more

02.19.2013

Aurel Koeber, Piatra-Neamt-based businessman who controls Koeber, one of the largest players on the Romanian varnish and paint market, says one of the biggest challenges in his sector is more

01.31.2013

Romania’s Trade Registry on Thursday said around 90,000 companies went insolvent since the start of the economic crisis, in 2008. more

01.30.2013

The Valcea Court admitted Wednesday the insolvency request filed by Romanian state-owned chemical plant Oltchim Ramnicu-Valcea (OLT.RO). more

01.28.2013

The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the company, 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

01.24.2013

The Managing Board of Romanian state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Thursday voted for the company to file for insolvency to undergo reorganization, supporting a proposition more

01.23.2013

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) will enter insolvency and a request to this end is to be sent to the Valcea Court, Economy Minister Varujan Vosganian told Mediafax more

01.11.2013

The Romanian Government will amend insolvency law in 2013, on being disputed by the investors which claim it is detrimental to the fair companies, minister delegate for small and medium-sized more

01.10.2013

The cases of large Romanian companies going insolvent will increase in 2013, especially in industry, as banks can no longer roll over bad loans due to the weak economic performance, according to Euro more

01.09.2013

Dumatrucks, one of the largest truck dealers in Romania, which sells Renault Trucks, filed for insolvency early in December, according to the Bucharest Court website. more

01.04.2013

The owners of Bucharest’s shopping center Grand Arena, which entered insolvency at the end of last year, said Friday the court ruling allowing for the start of insolvency proceedings was unfair and more

01.04.2013

Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the owners more

12.24.2012

Mic.ro, Hidroelectrica, Tnuva, a few real estate developers and 15,000 other businesses were unable to pay their debts this year and were forced to file for insolvency and part of them went bankrupt. more

12.19.2012

The number of Romanian companies going insolvent in the first eleven months of 2012 dropped 1.7% compared with the same interval a year ago, to 15,148, the trade registry said Wednesday. more

12.11.2012

Romanian construction company Romstrade has entered into insolvency proceedings after the Giurgiu Court approved the request filed by Iasi-based firm Agroindustrial Construct and appointed Casa de more

11.15.2012

Confort, Euroconstruct and N.M.Construct, the largest construction companies by revenue in Timis County, Western Romania, went insolvent this year. more