CET Govora

Chimcomplex announces the award of a pack of assets at the auction organized on November 8, 2021, by CET Govora S.A., currently under judicial reorganization. The asset package awarded by Chimcomplex at the price of EUR 8,222,948 consists…

The Romanian High Court of Cassation and Justice has ruled on Monday that the corruption file of former PSD senator Dan Sova should be to the first court for retrial meaning the file is resumed from scratch. Sova had been sentenced to…

The file in which former minister Constantin Nita has been sentenced to 4 years in jail for corruption will be retried, a 5-judge panel with the High Court of Cassation and Justice (Supreme Court – ICCJ) has ruled on Monday. Nita filed…

The Magistrates of the High Court of Cassation and Justice (ICCJ – Supreme Court) have uphold Dan Şova's appeal against the decision of the 5-judge panel to the same court, deciding to reopen the file on April 15, 2019, when the former…

The High Court of Cassation and Justice (ICCJ – Supreme Court) 5-judge panel has sentenced former Senator Dan Sova to 3 years in prison in the CET Govora file. The ruling is final. The Supreme Court had a first ruling in this file in…

Former Social Democrat senator Dan Sova has been sentenced to three years in prison in the CET Govora file, in the first court. The Supreme Court has ruled in this file on Monday, sentencing Sova to three years in jail for influence…

CET Govora, the largest electricity producer in Valcea County, recorded a cumulative operating profit of RON 9 million in September, October and November, after losses of RON 335 million reported at the time of entry into insolvency four…

The largest electricity producer in Valcea County, insolvent CET Govora, and Polish Ciech Soda have concluded a ten-year contract for supplying industrial steam, its total value is EUR 360 million, Euro Insol, the insolvency administrator…

Oltenia Energy Complex (EC) is Transelectrica’s biggest debtor for energy transportation, with a backlog of RON 6.4 million, while RCS & RDS has debts of RON 3.8 million, according to a document of the Romanian natural gas transport…

The businesses affected by insolvency in the first months of 2016 are 200 percent higher than those affected to the same period last year, according to Casa de Insolventa Transilvania (CITR) data, a press release informs on Thursday.…