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The United States risks running out of cash to pay its obligations by mid-July unless Congress adopts a resolution to raise or suspend the maximum national debt ceiling, according to an analysis published by the Bipartisan Policy Center think...

INFINEXA anunţă că în anul 2024 societatea Hidroconstrucţia, aflată în insolvenţă, a distribuit peste 16 milioane euro creditorilor, din care 10,7 milioane euro din valorificarea activelor şi 5,3 milioane euro din activitatea curentă, conform...

According to the annual study conducted by Coface Romania, in 2024 there was a 9.38% increase in the number of companies that became insolvent compared to 2023. This concerns 7,274 companies that became insolvent insolvencies last year, compared...

The European economy suffers from capital market fragmentation and bureaucracy, which hinders adequate financing for innovation and start-ups, said Ursula von der Leyen, President of the European Commission, yesterday in her speech at the World...

The Parliament established following the 2020 elections ends its four-year mandate today, a period that can be characterized as one marked by major crises such as the Covid-19 pandemic, the energy crisis following the war in Ukraine, political...

Last week, representatives of the Romanian state initialed the stake that Liviu Dragnea and the PSD gave to the Dutch at Damen Holding BV in 2018, when they took the money for 49% of the shares of the DMHI Mangalia Shipyard and kept 51% of the...

The parties involved in the construction of the fuel terminal of the fuel distributor JT Grup Oil, a company listed on the Bucharest Stock Exchange (BVB), are in conflict, with accusations of spreading false information related to the stage of...

In a context of economic uncertainty and growing political tensions, the Chancellor of Germany, Olaf Scholz, made an unexpected move: the dismissal of the Minister of Finance, Christian Lindner, a decision that means the rupture of the governing...

With the opening by the Bucharest Court, on October 7, 2024, of the insolvency procedure for the Nordis Management SRL company, following the disclosures published two days before by the Recorder publication, the biggest scandal of recent years...

• The datas indicates a 73% increase in the number of insolvencies at the level of companies with a turnover of over 5 million euros • The study notes a deterioration in payment behavior among companies, the number of payment incidents in the first...  

Procedura de insolvenţă a Şantierului Naval Damen Mangalia (DSMa) a fost cauzată, printre altele, şi de pandemia Covid 19, care a dus la anularea unor contracte pe care societatea urma să le execute, a afirmat ieri Florin Constantin, Senior...

The insolvency procedure of the Damen Mangalia Naval Shipyard (DSMa) was caused, among other things, by the Covid 19 pandemic which led to the cancellation of some contracts that the company was going to execute, Florin Constantin, Senior Partner...

INFINEXA Restructuring anunţă scoaterea la vânzare a unui portofoliu de active în valoare de peste 65 de milioane euro, aparţinând companiei Hidroconstrucţia S.A., conform unui comunicat transmis redacţiei.

The social and political convulsions of the first three months of the current year left their mark on the entire semester, because the PSD-PNL coalition turned to the state piggy bank to calm them down. Thus, the Ciolacu government decided to...

The budget deficit continued its decline in the second financial quarter as well, its growth being a little smoother compared to the first three months of 2024. Thus, if at the end of March the budget deficit recorded for the first quarter stood...

The first month of summer was more hectic than usual due to the fact that, in addition to the budgetary problems faced by the Government, on June 9 we had European parliamentary and local elections, new amendments to normative acts in the field...

Investors in bonds issued by Alser Forest SA, a company that recently entered insolvency, accuse that Albert Şerban, the majority shareholder of the company, intentionally led the company into insolvency in order not to return the borrowed money....

Reporter: What is the status of the Piranha 5 program developed in partnership with Uzina Mecanică Bucharest? Does it maintain the same sustained pace as in the last two years?

În urma crizelor care s-au succedat din 2019 şi până acum şi a supraîndatorării companiilor, persoanelor fizice, dar şi a statelor, este vitală funcţionarea corectă a mecanismelor de prevenire a intrării în insolvenţă sau faliment şi o...

Following the crises that followed from 2019 until now and the over-indebtedness of companies, individuals, but also of states, it is vital that the mechanisms to prevent insolvency or bankruptcy work correctly and an interpretation agreed by all...

Actualizare - Reprezentanţii Autorităţii Naţionale pentru Protecţia Consumatorilor şi Consiliului Concurenţei au precizat în cadrul conferinţei că instituţiile statului monitorizează activitatea companiilor pentru ca aceasta să se încadreze în...

Superdry Plc plans to delist from the London Stock Exchange as the British clothing company, owner of the Superdry brand, struggles and undergoes a restructuring aimed at keeping it afloat, Bloomberg reports.

Compania din domeniul forestier Alser Forest, ce are obligaţiuni listate pe Sistemul Multilateral de Tranzacţionare al Bursei de Valori Bucureşti (BVB), intenţionează să demareze procedura de intrare în insolvenţă, conform unui raport al...

The forestry company Alser Forest, which has bonds listed on the Multilateral Trading System of the Bucharest Stock Exchange (BVB), intends to start the insolvency procedure, according to a report of the issuer published yesterday on the website...

The Mangalia Naval Shipyard (DSMa) is in a difficult economic situation after last year, in August, the partners from Damen Holding BV notified the Romanian state that they were withdrawing from the agreement concluded regarding their involvement...

Euroins' creditors, numbering almost 1,200, can demand payments of up to four billion lei from the bankrupt insurer, of which 842 million lei are currently certain claims, according to the CITR report on the causes of Euroins' bankruptcy....

Encorsa, integrator român de servicii de transformare digitală, prin tehnologii de hiper-automatizare de tip low-code şi no-code, RPA şi AI, a susţinut CITR să digitalizeze şi automatizeze activitatea prin intermediul unei soluţii avansate de...

Despite some improvements, our country still faces the vulnerability of fiscal revenues, and large budget deficits and high inflation rates, which are all above pre-pandemic levels, make the economy potentially vulnerable to shocks, the European...

The Free Navalist Union from the Mangalia Naval Shipyard (DSMa) yesterday sent an open letter to Prime Minister Marcel Ciolacu presenting the dramatic situation faced by the economic operator and its 1,500 employees.

Reporter: Sierra Quadrant is one of the most important players in the consulting services market in Romania. What essentially defines your offer, your services?

Trade and construction represent the sectors of activity with the highest number of insolvencies recorded last year, but the largest increase in insolvencies was recorded in the transport and logistics sector, according to the study carried out...

The increase in energy prices, including the increase in fuel prices, the increase in RCA tariffs and the fiscal measures taken by the Government last autumn, but with applicability from January 1, 2024, will increase the number of transport...

The fiscal measures taken last year by the Government will contribute in 2024 to the increase in insolvencies among companies active in traditional trade and distribution firms, Constantin Dumitriu, vice-president of the Association of Romanian...

The construction sector continues to lead the list of companies entering insolvency in 2023 in our country, despite the support measures taken by the Government for this field of activity, shows the study carried out by Coface Romania and...

The government must recover from the Blue Air company the illegally granted state aid in the amount of almost 33.8 million euros (163.8 million lei) plus the related interest, the European Commission announced on Friday, through a press release....

• January 5 

Last year, the governments of Ciucă and Ciolacu failed to comply with the state budget law approved in December 2022, a normative act drawn up by the PSD-PNL governing coalition and which provided for an increase in budget expenditures, but also...

The real estate developer Qualis Properties from Braşov postpones the payment of the last coupon and the return of the principal of a bond issue worth almost 2.1 million euros, listed on the Multilateral Trading System of the Bucharest Stock...

Tribunalul Mureş a dispus, ieri, deschiderea procedurii generale a insolvenţei faţă de producătorul de vase emailate VES Sighişoara (VESY), conform unor rapoarte publicate, astăzi, pe site-ul Bursei de Valori Bucureşti (BVB).

The Board of Directors of the enamelware manufacturer Ves Sighişoara (VESY) decided to start the procedure regarding the opening of the general insolvency procedure, submitting the request to the Mureş Specialized Court, according to a company...