insolvency
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Marius Locic renders residential complex insolvent
Locic Residential, controlled by businessman Marius Locic, under investigation in a corruption case alongside C`t`lin Voicu, Costel C`[uneanu and Florin Costiniu, went insolvent at the beginning of this week, after the company itself filed an insolvency claim...
All employees of Burci's plants temporarily laid off
All the 2,000 employees of Astra Vagoane Arad, Meva and Romvag plants, undergoing insolvency proceedings, were temporarily laid off almost two weeks ago, as the companies controlled by Crist...
Contor Group Arad on the verge of insolvency three years after floatation
Meter producer Contor Group Arad (CGC), which raised 3m euros from the Bourse through an IPO in early 2008, has filed for insolvency.
Three months after entering insolvency, Staer lays off 120 people and closes large stores in malls
Staer Internațional furniture company, which in December entered insolvency at shareholders' request, closed several stores it operated in shopping centres and opened new ones in street fron...
Relad, a 200m-euro business, files for insolvency
The management of Relad Internațional filed for insolvency last week and if the court of law sustains it, this will become the biggest insolvency on the drug market, as well as of the entire...
How Blue Air's insolvency, a decision challenged by the company, happened
The decision of the Bucharest Court of Law to open insolvency proceedings for Blue Air airline, challenged by the air operator as early as Friday, has already cost the company customers, say...
First insolvency case for a major player on leasing market
Internațional Leasing, the business founded by Ioana Necula 15 years ago, is the first major player on the leasing market to go insolvent, with around 25 million euros in overall debt.
How close is the end of insolvency?
Only two of the 11 companies with tens of millions of euros in turnover, which the crisis pushed into insolvency in 2009, have managed to pass the first milestone - the approval of the reorg...
Figures behind My Dream insolvency: 131 unsold apartments and 17m-euro debts
The developers of My Dream real estate project of Pipera have managed to sell just 43 apartments in three years, with this as the main reason why the firm handling the project, Plus Developm...