07.21.2015

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO), owned by businessman Gheorghe Calbu¬rean, has officially entered insolvency and suspended its shares from trading as of July 20, after the more

07.06.2015

Romanian insolvent hydropower producer Hidroelectrica will not be listed on the stock exchange while it is still under insolvency as the price would be too low, according to the Economy Minister more

06.24.2015

The 100 largest companies that have gone insolvent since the beginning of 2015 posted 3.7 billion lei (EUR827 million) revenue last year and had tens of thousands of employees. more

06.23.2015

The financial crisis and the aggressive expansion of foreign brands, such as Zara, H&M and Deichmann, swept the local apparel and footwear market and the first to go down were the Romanian retailers, more

06.22.2015

Rovigo SPRL, the court-appointed trustee of insolvent road carrier edy International Spedition, plans to sell the headquarters in Brad, Hunedoara County (central Romania) and other assets of the more

06.19.2015

Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, has received court approval on its request to enter insolvency. more

06.19.2015

Romanian lingerie and swimwear manufacturer Jolidon, established more than 20 years ago by local entrepreneur Gabriel Carlig, went insolvent at the request of creditor J.I.E., according to Cluj more

06.15.2015

Pastry shop chain Fornetti Romania has fulfilled obligations towards creditors, banks and partners included in the reorganization plan, so that judicial administrators will propose the closing of the more

06.09.2015

The Bucharest Court has denied Rompetrol SA's request for insolvency and company officials may appeal the ruling within seven days. more

06.05.2015

Oil company Rompetrol SA filed for insolvency on May 28 and the court will analyze the case on June 8. more

06.03.2015

Romanian drilling company Dafora Medias (DAFR.RO), controlled by businessman Gheorghe Calburean, on Wednesday required the insolvency of the company, while its shares fell 14.7% to RON0.013/share on more

05.04.2015

The number of companies that went insolvent in Romania in January-March more than halved compared with the same period a year earlier, the Trade Registry office said Monday. more

04.29.2015

The number of insolvencies among Romanian companies dropped 58% on the year in the first quarter, after a 28% decline in 2014, but with a major social and financial impact as layoffs increased 24%, more

03.24.2015

Casa de Insolventa Transilvania, the judicial administrator of builder Alpine SA, put up for sale assets with a starting price of EUR7 million of the Austrian-held company, which is under insolvency more

03.19.2015

The personal insolvency law applied to the loan portfolio of banks in Romania would have an impact of RON3.5 billion, according to a calculation of the Romanian Banking Association (ARB) based on more

03.10.2015

Bucharest Court has admitted the insolvency request filed by Romanian businessman Ovidiu Tender for his airline Ten Airways. more

03.02.2015

The number of companies that went insolvent in Romania in January halved compared with the same month of 2014, the Trade Registry office said Monday. more

02.19.2015

Insolvent businesses that underwent reorganization tripled in 2014 compared to 2007, to more than 5.5% of insolvencies, but the rate remains low as many businesses resort to insolvency too late, there more

02.11.2015

Road carrier Edy International Spedition SA is now undergoing reorganization after the Brasov Court of Appeal approved the plan submitted by the court-appointed trustee Rovigo SPRL, two and a half more

02.05.2015

Romanian industrial equipment manufacturer Romet Group has exited insolvency after two years, company owner Constantin Toma said Thursday. more

02.05.2015

Romanian mineral water producer Bilbor Mineral Water, part of URBB (United Romanian Breweries Bereprod), has entered insolvency after a court upheld the request formulated by creditor Marsim more

01.29.2015

The considerable decrease in the number of insolvencies registered in 2014 is only statistically relevant, as the dynamic came in the context of a base effect and the drop in insolvencies among very more

01.28.2015

Companies in the pharmaceutical industry, transport companies, real estate and construction firms are most prone to insolvency this year, as over 3,000 businesses in these sectors face major more

01.27.2015

The number of new companies enrolled with the Trade Registry last year fell by nearly 19% compared with 2013, to 101,627, while the number of insolvent, deregistered, suspended or winded-up companies more

01.13.2015

Romania ranks tenth out of 42 countries in a Euler Hermes top by insolvencies in 2014 and is among countries with record levels of insolvencies and struggling for stability. more