09.26.2023

Sphere Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, has announced it is implementing a Pizza Hut restaurant network reorganization process given recent more

03.03.2021

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks to return more

12.28.2020

Creditors of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, approved the reorganization plan submitted and undertaken by the more

09.03.2020

France's Groupe Renault announced Thursday a plan to develop its organization around its brands,grouping them mainly into four business units – Renault, Dacia, Alpine and New Mobility. more

06.22.2020

Cluj-based Oncos Group, under reorganization after insolvency, reported a 40% higher turnover for the first half of 2020 and maintains its objective to reach a 75-own store chain in the region of more

09.07.2018

Only 2% of the companies going insolvent successfully reorganize, which means most jobs in those companies are lost for good. more

09.28.2017

Romania's government has approved a five-year plan to reorganize state-owned postal operator Posta Romana and render the company profitable, the ministry for information society said. more

04.26.2017

Meat processor Elit Cugir of Romanian entrepreneur Dorin Mateiu, which went insolvent in 2014, is about to complete reorganization and meets all criteria to return to business as usual. more

11.28.2016

The execution time of the judicial reorganization plan of Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) was extended by one year. more

06.02.2015

Oncos SA, part of Cluj-based poultry and bread producer Oncos group, entered judicial reorganization for a three-year period, as the plan was already approved by the syndic judge, the company said in more

05.28.2015

The situation of insurer Astra Asigurari, under special administration, will be settled end-July, when it will be known whether a strategic investor is willing to inject capital or whether the more

04.27.2015

Almost 18 months from its initial public offering, natural gas producer Romgaz (SNG.RO) believes its organizational structure is not adjusted to the challenges on the energy market and wants to pay 5 more

04.16.2015

Romanian brick maker Cemacon Cluj ended the first quarter of this year with revenue of more than RON11 million, a 68% increase compared to the year earlier period though the start of the year is more

03.31.2015

Energy holding CE Hunedoara has undergone the first step of the reorganization program by turning operating divisions (mining units) into branches, and by setting up a service branch. 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

01.06.2015

The administrators of Romanian insolvent chemical company Oltchim SA (OLT.RO), RomInsolv and BDO Business Restructuring, will present the company’s reorganization plan in February, which will be 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

09.25.2014

German company PCC SE, the biggest private shareholder of Romanian insolvent chemical company Oltchim SA (OLT.RO), proposed that the Romanian state, its main creditor, should draw up the company’s more

09.24.2014

The consultant that will draw up the reorganization project for the nuclear energy sector, which covers 20% of Romania's electricity consumption, will also consider the scenario of having more

05.26.2014

Romanian footwear retailer Leonardo, undergoing insolvency, plans to sell some of its assets or shares and to enter new markets to be able to pay off its debts to creditors, according to a proposition more

05.26.2014

The shareholders of Romanian insolvent vegetable oil producer Ultex Tandarei have changed the company’s reorganization plan in order to sell its assets to Moldova-based agri-industrial group Trans more

05.09.2014

Romania’s Financial Supervisory Authority ASF will undergo an extensive reorganization program, based on a PwC report, that will trigger a significant personnel expense cut and higher efficiency, more

03.25.2014

Carpatair, the private airline which went insolvent this year, no longer operates regular flights from Romania’s airports as the company’s reorganization plan has not been endorsed by creditors, more

11.20.2013

Plaza Centers, developer of the Casa Radio project in Bucharest, has entered judicial reorganization under Dutch bankruptcy law, to solve its cash flow issues, the Israeli investor announced more