11.12.2024

Meat processor Angst Ro SRL, which went insolvent in March 2024, will put up for sale five retail spaces from Bucharest and Ilfov, worth a total EUR3.6 million, according to Infinexa Restructuring, a more

09.19.2024

The Ilfov Court has appointed INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, to act as insolvency administrator for meat processor more

04.26.2024

Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019, says that since late last October, when he reentered more

04.01.2024

The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies, particularly those with export operations, have resorted more

03.19.2024

Pizza Hut restaurant chain held by Sphera Franchise Group in Romania, which also holds the KFC and Taco Bell franchises, underwent a significant restructuring process in 2023 and 2024, which entailed more

12.18.2023

A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, more

11.07.2022

Online furniture and home decor retailer Vivre Deco, which has two bond issues listed on the Bucharest Stock Exchange, VIV25E and VIV26E, respectively, announced in a stock market report on Monday more

09.15.2022

Quadra Invest, an upholstered furniture producer of Targoviste, Dambovita county, owned by Gijsbert Huijink, an entrepreneur with 20 years of experience in Romanian business, exports 95% of more

03.14.2022

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Monday that it is forced to enter a major restructuring program in an more

01.27.2022

The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia). more

01.05.2022

Bookstore chain Diverta, which entered insolvency at its own request in mid-2021 amid the pandemic, has a restructuring plan made up of three main directions. more

11.12.2021

Fashion retailer C&A, active on the low-price segment and one of the biggest players on Romania’s fashion market, reached RON364 million turnover last year, down 30% in the pandemic. more

11.02.2021

Swiss-held car parts manufacturer Satrotec AG has received the approval of Romania’s tax authority ANAF for the restructuring of RON2 million worth of tax debts, on the basis of government ordinance more

05.06.2021

Liberty Steel, part of industrial group GFG Alliance, said May 5 it will "fix or sell underperforming units" in a restructuring and refinancing drive as it recovers from the March collapse of more

04.16.2021

Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019. more

03.03.2021

Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency more

01.05.2021

Romania’s Prime Minister Florin Citu announced Monday evening that state-owned companies with losses will receive state budget funds only based on restructuring plans. more

12.09.2020

The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase more

11.17.2020

Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gradually more

11.02.2020

Romanian aircraft parts maker Romaero (RORX.RO), of strategic importance for the Romanian aerospace and defense industries, has received tax authority approval for its restructuring plan that more

08.05.2020

Romanian aircraft parts maker Romaero (RORX.RO), a strategic company for Romania’s aerospace and defense industry, is undergoing a restructuring process aimed at reducing its state budget debts by more

07.29.2020

CFR IRLU, the maintenance and repair division of Romania's state-owned freight railway carrier CFR Marfa, has exited insolvency by restructuring its debts to the state budget outside the company more

06.22.2020

The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year. more

06.16.2020

Five large car part manufacturers in Romania – Autoliv, Lear Corporation, Yazaki, Faurecia and Adient Automotive – shed nearly 5,000 employees in 2019, according to finance ministry data more

04.09.2020

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