bankruptcy

Romania Ctrl Bk: Banks Will Seek Additional Guarantees After Personal Insolvency Law Adoption

19:13, 23 Mart. 2010
The adoption of the personal bankruptcy law might force banks to require additional guarantees, which would restrict people's access to loans, Adrian Vasilescu, an adviser for the central bank governor, said Tuesday.

Romanian Senate Approves Personal Insolvency Law

14:49, 23 Mart. 2010
Romanian senators enacted Tuesday a legislative proposal on the insolvency of individuals, initiated by democrat liberal (PDL) senators and backed by all Parliament groups.

Reuters Files Insolvency Injunction Against Romanian Media Firms Realitatea Media, NewsIn

14:19, 09 Mart. 2010
British news agency Reuters has demanded the bankruptcy of Romanian firms Realitatea Media and NewsIn, which are part of the Realitatea-Catavencu group, through two claims filed with the Bucharest Court on March 5.

Around 75% Of Romanian Pharmacies Close To Bankruptcy – Cegedim

13:59, 10 Feb. 2010
Around 75% of Romanian pharmacies are on the brink of bankruptcy, having stretched themselves too thin by continuing to provide discounted and free medicine, according to Petru Craciun, director of market analysis firm Cegedim.

Romanian Flamingo Files For Bankruptcy After ING Starts Foreclosure

16:12, 09 Dec. 2009
Romanian IT&C, white and brown goods retailer Flamingo International (FLA.RO) filed for bankruptcy after ING Bank started Wednesday the foreclosure of certain inventories of the company.

Romanian Retailer PIC Files For Bankrupcy

13:32, 23 Nov. 2009
Romanian retail chain PIC filed for bankruptcy on November 16, part of the company’s restructuring process, the retailer said in a statement Monday.

Low-Cost Airliner SkyEurope Officially Declares Bankruptcy, Cancels All Flights

10:44, 01 Sept. 2009
Low-cost airliner SkyEurope, headquartered in Bratislava, Slovakia, officially declared bankruptcy on Tuesday, September 1, cancelled all flights and suspended all operations, the company announced Tuesday.

Slovak Sky Europe Agrees To Pay Daily Taxes To Romanian Airport

11:42, 25 Iun. 2009
Airline company Sky Europe accepted paying daily, in cash, the airport services provided by the "Aurel Vlaicu" (Baneasa) Airport in Bucharest, so traffic is unfolding normally, airport general manager George Mihalcea told MEDIAFAX.

Romania, And Others, Could Bankrupt Austria

21:01, 15 Feb. 2009
Eastern European states, including Romania, could bankrupt Austria, since Austrian banks cannot support the losses registered by branches in the region on their own, and the state will be forced to intervene, according to Austrian magazine Profil.

Romanian Pwr Cos On The Verge Of Bankruptcy – MP

15:29, 25 Mart. 2008
President of Industry Commission within the Romanian Chamber of Deputies, Iulian Iancu, said Tuesday that most of Romanian power companies are on the verge of bankruptcy, being managed by persons who have nothing in common with the energy sector.