Home / Tag Archives: insolvency

Tag Archives: insolvency

Euler Hermes posts highest earnings in 10 years. Increase in insolvency expected in Romania this year

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to EUR 2,705 million and volume-driven growth spread across most regions. Operating profit increased by 17% to EUR 431 million, due to a combination of revenues growth, higher ...

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Six companies in ten ask for their insolvency

The number of insolvencies has increased five-time in Romania in the past ten years after the financial crisis, according to latest statistics released by CTIR (former Casa de Insolventa Transilvania) on Tuesday. Most affected companies are from the industry, services ...

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FinMin announced tax amnesty in October

Finance Minister Eugen Teodorovici has announced that the tax amnesty would be renamed financial restructuring, while its mechanism will be concluded in October. „Let’s call it a financial restructuring, not amnesty, which, next to insolvency, is providing benefits to the ...

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PetrolExportImport to file for insolvency

The PetrolExportImport Shareholders General Assembly will discuss, on October 1, the request for opening the simple procedure for insolvency, according to the notification posted on the Bucharest Stock Exchange (BVB) website. The reason is related to the takeover, by Piraeus ...

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Gov’t official warns the amending of the offshore law means treason, charges ANRM on gas price issue. Draft bill on insolvency pending

The offshore law will bring USD 6 billion more to the state budget, and anyone attempting to amend the current form of the bill should be tried for treason, Darius Vâlcov, prime minister’s economic adviser, said on Saturday. “No matter ...

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Small entrepreneurs, troubled: Tax Code, 120 amendments in three months

2018 has begun with significant changes for both SMEs and the population. The first three months meant for the business environment 120 amendments to the Tax Code. All this leads to instability, the small entrepreneurs accuse, digi24.ro informs. Florin Jianu, ...

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Six localities in Romania – insolvent

Six localities in Romania are insolvent and the Ministry of Finance has not allocated any money to help them out of this situation, PNL Deputy Romeo Nicoara says in a request sent to the Finance Minister, Eugen Teodorovici. All these ...

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Kubo Ice Cream has gone bankrupt

Kubo Ice Cream, one of the largest ice-cream producers on the local market, producer of ‘Amicii’ brand, has gone bankrupt two years after filing for insolvency, ‘Ziarul financiar’ informs. The Neamt Court ruling reads “the bankruptcy general procedure is to ...

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The number of insolvencies increased by almost 50 pc in January, ONRC shows

The number of insolvent firms and authorized individuals (PFAs) grew by 47.07 percent in January year-on-year to 753 according to National Trade Register Office (ONRC) data. Most of the companies and PFAs in insolvency are from Bucharest – 163, up ...

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