Jul 5, 2012

The contracts we have with the 'smart guys' will be terminated unless they meet the terms dictated by Hidroelectrica, the company legal administrator Remus Borza told private TV channel Pro TV on Sunday.

Jul 1, 2012

The insolvency of Hidroelectrica is a “shocking” and “historic” decision, considering its effects on the company, and a report on the reasons that brought the company in this situation will be presented in July, judicial administrator Remus Borza and special administrator Remus Vulpescu said on TV. 

Jun 13, 2012

Insolvent Asmita Gardens hopes to get around EUR 45 million for the last batch of 361 apartments delivered last week, after lowering its expectations to EUR 900-950 per sqm. The company’s debts, however, amount to EUR 110 million and there is no positive sign for the market on the horizon.