Bilbor Mineral Water producer went bankrupt about a year after it filed for insolvency.
The company’s majority shareholder is the United Romanian Brewers Bereprod, producer of Tuborg beer.
Bilbor Mineral Water had a turnover of RON 7.3 million and a net loss of RON 3 million in 2014. In 2015, the company reported zero turnover and losses of RON 6.1 million, according to data from the Ministry of Finance. The filing for insolvency occurred due to misunderstandings between URBB and Bilbor’s minority shareholder.