11.13.2012

The average turnover of the companies declared insolvent in 2012 was 34% higher than in the year before, which prolongs the financial crisis, according to of Coface rating agency. more

11.12.2012

Romanian Bucharest Court approved Monday the general insolvency procedure of Adevarul Holding, which owns several magazines, tabloids or newspapers, including Adevarul daily. more

11.08.2012

Romanian state-run hydropower producer Hidroelectrica will complete its insolvency process by the end of the year, Prime Minister Victor Ponta said Thursday. more

10.18.2012

The Bucharest Court of Appeals on Thursday rejected a request to annul insolvency proceedings at Romania’s top energy producer Hidroelectrica. more

10.15.2012

Flanco Retail, the electronics, home appliances and computer retailer that went insolvent at the end of 2009, wants to bring back some of the people who had been working for the company before the more

10.04.2012

Romania’s state-run hydropower company Hidroelectrica could complete its insolvency process by the end of December, sooner than initially estimated, the company’s legal administrator Euro Insol more

09.18.2012

Romanian expo center Romexpo has exited the state of insolvency as the Bucharest Court of Appeals admitted its appeal and overruled the insolvency claim filed against the center by firm Arsenoaiei & more

09.18.2012

Romania's Trade Registry Tuesday said 11,043 companies filed for insolvency in the first eight months of 2012, down 1.43% from 11,230 companies in the year-earlier period. more

09.14.2012

The creditors of Romanian insolvent Hidroelectrica on Friday confirmed insolvency firm Euro Insol as the legal administrator of the hydropower producer and set its fee at between EUR1 million and EUR3 more

08.31.2012

The managing board of Romanian freight transporter Transchim Bucuresti (TRAI.RO), owned by investment fund SIF Muntenia (SIF4.RO), unanimously decided to ask for the start of insolvency proceedings, more

08.27.2012

edy International Spedition, the leading transport company on the Romanian market, has filed for insolvency earlier this month, according to a Hunedoara court. more

08.22.2012

Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by the more

08.13.2012

Romanian power producer Hidroelectrica cannot recover from insolvency this year, but more likely in June 2013, said Remus Borza, general manager of the state-owned company's legal administrator, Euro more

08.13.2012

The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction more

08.06.2012

Tudor Dragomir Niculescu, the owner of the Turabo coffee shop chain and one of the first to get the coffee shop market going in Romania, has closed down, in less than three years, all his 50 coffee more

07.18.2012

The financial status of the Romanian National Lottery "is not good" and the company may enter insolvency unless it not enforces measures to boost efficiency, the company’s general manager Dan 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

07.01.2012

Romanian hydropower producer Hidroelectrica’ filing for insolvency was a "shocking” and “historical” decision and a report on what caused the company to end up in this situation will be more

06.25.2012

Hidroelectrica’s creditors and its court-appointed administrator are due to discuss the impact of the shocking insolvency of Romania’s most valuable state-run company at the central bank’s more

06.23.2012

The reorganization of Romanian state-owned hydropower producer Hidroelectrica, which entered insolvency Wednesday, will target economic mechanisms and will not entail selling assets, according to an more

06.21.2012

Romania’s energy regulator ANRE Thursday said it will not cancel or withdraw any authorization or license held by state-owned hydropower producer Hidroelectrica, which entered insolvency Wednesday. more

06.20.2012

The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand higher more

06.20.2012

The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said. more

06.20.2012

Remus Vulpescu, the lawyer appointed by Prime Minister Victor Ponta to run Hidroelectrica, the largest state-owned company, says the decision to file for insolvency was made on Friday, after the more

06.19.2012

The insolvency of Hidroelectrica, Romania's largest power producer, will not end in the company's bankruptcy but its reorganization, which will last 16-18 months and will not entail the sale of any more