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Tag Archives: exit from insolvency

Hidroelectrica’s exit from insolvency, postponed

Bucharest Court judges have postponed for a week the decision of Hidroelectrica’s exit from insolvency procedure and a decision is going to be taken on 15 June, the trustee of Romanian state-controlled hydropower producer Remus Borza stated on Wednesday. Just ...

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Hidroelectrica, closer to exit from insolvency. All short-term debts paid

Romanian state-controlled hydropower producer Hidroelectrica has paid all its debts in the short term. Moreover, the company started making profit from interest, according to the latest report of Euro Insol, the insolvency administrator of the company which is still insolvent. ...

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Hidroelectrica’s exit from insolvency is not going to happen this year as initially expected

The lengthy judicial proceedings hamper Hidroelectrica to exit from insolvency. “The court challenges are advancing very slowly. The company will definitely not exit insolvency this year. We hope next year!”, Remus Borza (photo) the representative of Euro Insol, company’s judicial administrator ...

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