bankrupt
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First mall to go bankrupt: Tiago Oradea up for auction
Tiago Oradea is the first mall in Romania to go bankrupt, with the court-appointed liquidator to put the project up for auction over the next two weeks.
Charcuterie business started by Cristi Borcea goes bankrupt. New Iraqi shareholders “could not be reached”
Charcuterie producer Crimbo Prod Carn in Alba county, founded by Cristi Borcea and sold last year to two businessmen of Iraqi origin, went bankrupt last week, according to information on the...
Rotras Tires goes bankrupt
The Bucharest Court of Law ruled to declare the tyre manufacturer Rotras Tires Bucharest bankrupt, rejecting the reorganisation plan proposed by the company''s shareholders. The company went...
Czech Hobas buys bankrupt Romanian Hobas plant
Hobas Czech Republic, subsidiary of the Swiss maker of fibreglass reinforced plastic piping has recently taken over in a $4.89m transaction the Bucharest-based factory of Hobas Tub Romania,...
Hobas Tub, a foreign investment gone bankrupt
Not all the foreign investments turn out to be profitable. Some of them fail. This is the case of Hobas Tub Romania SA, a maker of fibreglass reinforced polyester resin pipes. Hobas Tub was...
Columna, bankrupt at last
Better late than never. That is what the former lenders of Banca Columna (Columna Bank) must have thought upon learning the National Bank of Romania (NBR) had officially declared it bankrupt...
Grup AS goes bankrupt
Grup AS is officially bankrupt now, as ruled by the Bucharest Court of Law. The company, which once ranked sixth among the general insurers in Romania, is the first in this industry to go be...