bankruptcy:
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Octavian Radu: Bankruptcy of the fashion company is a financial failure, only suppliers and me will lose money, not the banks
With two insolvent companies, TCE Logistică and Pro Express Retail, which operates the Diverta bookstore chain, and a fashion company whose creditors have recently voted the start of bankruptcy proceedings, owner Octavian Radu says he has "worked very hard" to...
Bucșaru saves Green City from bankruptcy
Green City Construct company, controlled by the family of businessman Dumitru Bucșaru, owner of Unirea Urziceni football team, exited insolvency just two months after the Bucharest Court of...
How best to avoid bankruptcy
Restructuring means cutting costs and boosting your business. Finding a source of financing, cutting costs and boosting sales are the first steps that a company needs to take when it is in f...
Flanco dodges bankruptcy after eight months of uncertainty
The three banks that lent money to the Flanco network during the electrical retail boom, ING, Unicredit Țiriac and BRD, yesterday approved the reorganisation plan of the insolvent company, w...
Start of deals with firms for which bankruptcy is the alternative
The thawing of the M&A field has started being felt by lawyers as well, but involved sums are no longer as high as they were from 2006 through 2008, with some investment targets being put ou...
70% of Romanian agricultural firms heading for bankruptcy
Romania’s top agricultural players in terms of turnover and in terms of farming area have, at ZF’s request, put together a scenario for the sector they are operating in, amid the dearth...
Curiero on the verge of bankruptcy
Ten companies have been petitioning for the insolvency of Curiero since the beginning of this year, one of the firms that were the focus of several sale talks last year, which did not come t...
Planorama contractor files for bankruptcy
Yapitek SRL, the general contractor of the Planorama residential complex (www.planorama.ro), which is located in the Doamna Ghica area of Bucharest, has entered into bankruptcy procedures, t...
COFACE: Western Romania has lowest bankruptcy rate
The West of the country is seeing the lowest number of firms going into administration or filing for bankruptcy, totalling just 9% of cases of insolvency filed in the last 17 years, shows a...