Hidroelectrica oficially gets out of insolvency for the second time – Business Review

State-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…

G4S Latvia files insolvency claim against KVV Liepajas Metalurgs – The Baltic Course

An insolvency claim has been filed against financially troubled KVV Liepajas Metalurgs metallurgical company with the court in Liepaja, south-western Latvia, reports LETA, according to the information published on the website of the Insolvency Administration. The insolvency claim had been filed by G4S Latvia security company, and the insolvency proceeding was opened on June 17.…