02.24.2020

Romania's state-owned railway fright company CFR Marfa, which has debts of RON1.3 billion, is set to implement a restructuring program to streamline operations and sell unproductive assets under the more

12.02.2019

Germany's Deutsche Telekom Group, which undergoes a full restructuring process of its IT services division, T Systems, globally, in a move to cut costs by EUR600 million, has decided to also close more

11.29.2019

The restructuring of the banking system’s territorial network and number of employees continued in the first nine months of this year. The number of branches fell by 397 and the number of employees more

08.31.2018

The restructuring of the banking system continued in the first half of 2018, so banks in Romania ended June with 4,529 branches and offices, 146 fewer than at the end of the first half of 2017. more

12.15.2017

French giant Lactalis, leader on the Romanian dairy market after buying three major players over the last decade - La Dorna, Albalact and Covalact-, will be closing down the factory in Kogalniceanu more

08.23.2017

BayWa, the largest agricultural cooperative in Germany, is restructuring its grain trading business in Romania, after only two years, during which it saw record growth to EUR100 million. more

05.05.2017

Germany’s Metro group is beginning an assessment of the operations in Romania, following the developments at the headquarters where an extensive restructuring process is ongoing. The group will more

04.18.2017

The economic crisis cost the beverage production industry more than 9,000 jobs, which is now employing about 16,000 people. more

02.23.2017

The restructuring of the banking system continued last year, when 149 branches and offices were closed and 532 employees left the system, Romania’s central bank statistics show. more

11.29.2016

The restructuring of the banking system continued in the first nine months of 2016, with 90 bank branches closed and 132 people leaving the system, according to Romania’s central bank data. more

06.30.2016

Local banks need to speed up restructuring as the lack of efficiency is causing an unbelievably high waste of money, bankers and consultants attending ZF Bankers Summit’16 on Wednesday said. more

02.15.2016

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01.12.2016

Romanian Economy Ministry, majority shareholder of aircraft maker Avioane Craiova (AVIO.RO), wants the company to get a state aid for restructuring, as its debts exceeded RON116 million at the middle more

12.18.2015

Romanian state-owned railway freight carrier CFR Marfa will have to be restructured again as it continues to register losses, so that it is unattractive for potential buyers, although authorities more

12.16.2015

KPMG Restructuring, the judicial administrator of insurer Astra Asigurari, will draw up, in the upcoming period, a strategy for an efficient patrimony liquidation by business transfer for insurance more

09.21.2015

Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individuals can more

07.14.2015

The restructuring of energy producers CE Oltenia and CE Hunedoara is compulsory in order to be competitive on the market and the government should appoint a consultant to set up a long-term scenario more

04.28.2015

Regional investment fund SIF Transilvania has dropped plans to restructure its tourism portfolio and has fired the managers it hired just three months ago and who had drafted a three-year action plan, more

04.16.2015

Romania’s electronics and IT retailer Domo, which underwent five changes of shareholders and an extensive overhauling process, plans to expand along a single store format this year: 10-sqm kiosks more

04.02.2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

03.19.2015

Restructuring announced at energy holdings Hunedoara and Oltenia, which operate the largest thermal power plants in the country, will probably be dramatic, and the biggest stake in the move is state more

12.03.2014

Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low. more

09.03.2014

Banks in Romania continued to reshuffle their territorial networks in the past year, but fewer units were closed down, a sign that bankers do not want to risk having too few units when lending starts more

08.19.2014

Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of harsh more

05.09.2014

Romanian Banking Association (ARB) considers that the government’s loan restructuring program is rather an electoral measure, Florin Danescu, ARB executive president, told a financial seminar more