insolvent
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Diverta bookstores await creditors' vote in May and manage to cut costs by 35%
Insolvent Pro Express Retail, which operates the Diverta bookstore chain, ended last year with a 21 million-euro turnover, 9 million euros less than in the preceding year, according to data of Casa de Insolvență Transilvania (CITR insolvency firm), the company...
Planorama, biggest housing project to go insolvent
Israeli-based Euro Habitat, which has for almost five years been developing Bucharest's 1,100-apartment residential complex Planorama, went insolvent at the end of June, which complicates ev...
Business of companies that went insolvent in first four months of 2010: 4bn euros
The cumulated turnovers of companies that went insolvent in the first four months of the year amounts to 4 billion euros, i.e. 1.5% of the turnover of all companies in Romania in 2008.
Cavaliere stores insolvent under the burden of debt
Romanian Distribution Group, with turnover worth around 8.5m euros and 20 stores under Cavaliere men's apparel brand, entered insolvency proceedings late last year, under the pressure of len...
13,000 firms insolvent in first nine months
The number of companies that went insolvent in the first nine months of the year rose 26% against the similar time in 2008, with most of them operating on the retail market
Romania's largest hosiery manufacturer goes insolvent
The largest hosiery manufacturer in Romania, Mondex Sibiu, controlled by Calin and Virgil Vircolacu, has filed for insolvency with the Sibiu Court of Law, and is set to start a reorganisatio...
Noua lege a insolventei incurajeaza reorganizarea firmelor. Cum comentati?
Companiile care intra in insolventa vor avea sanse mai mari sa scape de faliment, ca urmare a modificarilor aduse legii insolventei, publicate in OUG nr. 173/2008 intrata in vigoare vineri,...
Insurers to be either solvent or insolvent
Insurance companies will no longer be divided into insolvent, possibly insolvent or solvent, but will simply be classified as solvent or insolvent companies, according to a change in regulat...
End of insolvent companies considered
The Industry Ministry, the Privatisation Authority and the Public Finance Ministry will analyse the situation of the large loss-making companies in the industry, which are or may become inso...