12.09.2014

On a construction market that continued decline to almost half of the boom year level, insolvencies and bankruptcies affected not only the lower ranks of the industry but also the large companies. more

11.24.2014

Oradea-based freight shipping company Frigoexpres, which went insolvent in August 2013, has had its reorganization plan approved in court. more

11.20.2014

The Centrofarm drugstore chain has paid its debt to pharmaceutical distributor Mediplus and the distributor has withdrawn its insolvency claim Thursday, A&D Pharma PR manager Veronica Dobre told more

11.19.2014

Pharmaceutical distributor Mediplus, part of A&D Pharma group, has required the insolvency of the Centrofarm drugstore chain, according to court records. more

10.30.2014

The developer that planned to build around 1,200 homes in the Casablanca Residence project in Bucharest has entered insolvency, at the request of lender Alpha Bank. more

09.17.2014

Meat processor Elit Cugir, based in Alba county, one of the largest players in the local industry, with a turnover of EUR72 million last year, has entered insolvency, according to a ruling the Alba more

09.16.2014

Bucharest Court admitted the insolvency request of Romanian construction company Tehnologica Radion, whose owner, Theodor Berna, was placed under preventive arrest in August. more

09.10.2014

CFR IRLU, the maintenance and repair division of Romania's state-owned freight railway carrier CFR Marfa, has entered insolvency. more

09.10.2014

Road transporters face fragile liquidity and are very exposed to negative shocks such as non-payment of receivables or declining sales, according to Coface Romania estimates. more

09.09.2014

Romanian construction company Tehnologica Radion, whose owner, Theodor Berna, was placed under preventive arrest in August, has filed for insolvency at Bucharest Court. more

09.03.2014

The number of insolvency procedures opened in the first half of 2014 in Romania dropped by around 10%, to 12,453 procedures, affecting constructions, the textile, extracting and steel industries, more

08.25.2014

CFR IRLU, the maintenance and repair division of Romania's state-owned freight railway carrier CFR Marfa, filed for insolvency last week. more

08.25.2014

The number of companies that went insolvent in January-July this year was 13.37% lower than in the same period of 2013, the Trade Registry office said Monday. more

07.09.2014

Oradea-based freight shipping company Frigoexpres, which went insolvent last August, ended the first half of the year with 21 million lei (EUR4.8 million) revenue, down 36% in lei on the year-ago more

07.04.2014

The tax authority branch in Ialomita county has called for the start of insolvency procedures against Amonil Slobozia (AMO.RO), which owes RON5.5 million in taxes, the company said Friday in a more

06.25.2014

Carpatair, an airline gone insolvent early this year, posted 148 million lei (EUR33.7 million) revenue last year, down 40% on 2012, and RON26 million loss, according to the Finance Ministry website. more

06.24.2014

Romania's Trade Registry on Tuesday said 11,030 companies filed for insolvency in the first five months of the year, down 13.5% from 12.747 companies in the year-earlier period. more

06.20.2014

Romanian insolvent companies owe an estimated EUR25 billion in overdue debt to the state, local banks and to other companies, the Romanian Banking Association, or ARB, said Friday. more

06.11.2014

The industrial park built in Arad (western Romania) in 2011 by Italian group Cefin has been put up for sale through direct negotiation by the legal administrator of the real estate developer which more

06.04.2014

The debts of Romania’s state-run hydropower company Hidroelectrica fell 64%, to RON1.54 billion, from RON4.33 billion in June 2012, when it first went insolvent. 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

05.28.2014

Romania’s state-run hydropower company Hidroelectrica will likely complete its second insolvency process in May or June next year, the company’s legal administrator Euro Insol said Wednesday. more

05.14.2014

The number of insolvency procedures opened dropped by around 14%, to nearly 6,000 procedures, affecting mostly utilities, the extracting industry and constructions, according to Coface. more

04.23.2014

The supervisory board of Hidroelectrica, Romania’s largest energy producer that entered insolvency for the second time on February 25, has been dissolved, and none of the members appointed in early more

04.17.2014

Romania's Trade Registry on Thursday said 6,800 companies filed for insolvency in the first three months of the year, down 9.75% from 7.535 companies in the year-earlier period. more