Romanian prospecting company Prospectiuni Bucuresti, controlled by local investor Ovidiu Tender, has entered insolvency.
The Bucharest Court approved the companys insolvency request and appointed local firm Euro Insol as judicial administrator.
Euro Insol, founded by Romanian lawyer Remus Borza, is also the legal administrator of state-owned power producer Hidroelectrica. It also manages other big insolvent companies in Romania, such as energy equipment producers UCM Resita, Uztel Ploiesti, and Vulcan Bucuresti. Vulcan is also controlled by Ovidiu Tender.
Prospectiuni used to be Tenders most profitable company, but its business has…
Read the full article at: http://www.romania-insider.com/romanian-prospecting-company-enters-insolvency/168319/