insolvency
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Banks have 21m-euro exposure to Trident's insolvency
Trident, the second-largest Romanian food retailer, which filed for insolvency with 25-26 million euros in debt in August, expects to end this year with a 30 million-euro turnover.
Leumi: Firms file for insolvency, ignoring risks
Most entrepreneurs of small and medium-sized enterprises (SMEs) voluntarily file for insolvency, and later come up with formal restructuring plans, says Laurentiu Mitrache, chief executive o...
Penescu brothers, from the battle with Carrefour to insolvency
A business started with 3 people and a juice stand in Pitesti in 1991, which in 2007 valued its assets at 70-80m euros, is now struggling to sort out its problems after having been abandoned...
Four banks have exposure to PIC's insolvency
PIC, the Arges-based group held by brothers Ilie and Cornel Penescu, the fifth Romanian retailer that filed for insolvency on its own this year, has loans worth around 30 million euros taken...
SPAR shareholders close five stores
The SPAR supermarket chain in Arad, which is facing major financial problems, is now left with 10 stores operated directly and another four operated under franchise, after relinquishing five...
Direct distributor enters insolvency proceedings with 25m-euro debt
Direct SRL, based in Arges county, one of the largest distributors on the construction materials market, entered insolvency proceedings in September, after accumulating around 25-30 million...
Mondex driven into insolvency by high rents in malls
"Everybody believes Mondex has piled up state budget debts as a result of the diving orders in the wake of the financial crisis, but starting April, the Sibiu-based firm has been practically...
Biggest insolvency: Mivan Kier construction company, with 128m-euro turnover
Mivan Kier North-Irish company, which built the Liberty Center mall and New Town residential complex, both in Bucharest, is now insolvent as requested in its filing, according to a ruling of...
Romanian entrepreneurs have hundreds of thousands of euros frozen following SPAR insolvency
George Naghi and Dorin Mateiu, two of the leading entrepreneurs in the charcuterie industry, who own Aldis Calarasi and Elit Cugir, have 100,000 euros each to recover, after SPAR supermarket...