Romanian investors call for tougher insolvency approval criteria – Business Review
Cristian Parvan, the president of the Trade union of Romanian Investors (PIAROM), says that in the economy there are some 200,000 companies in different stages of the insolvency procedure, while another 260,000 firms have a negative capital below the legal requirements. Parvan said that PIAROM calls for a hike in the receivables limit from which…