Tag: EC Hunedoara

EC Hunedoara to receive 44.2 million euros state aid for mines closure – Romania, 28 February 2017

According to the draft law, state-owned Energy Complex Hunedoara will receive about 44.2 million euros in state aid for coalmines closure in Valea Jiului. In November 2016, The European Commission (EC) approved the financial aid of 99 million euros that Romania will grant for the closure of two inefficient coalmines – Lonea and Lupeni, which […]

EC Hunedoara’s insolvency request rejected once again – Romania, 9 February 2017

The Hunedoara Court has rejected the application for entering into insolvency of Energy Complex (EC) Hunedoara, which was submitted by the company itself, and split the opening of insolvency proceeding requested by the company’s creditor in a different file. The Hunedoara Court spokesperson, Ildiko Glaman explained that in addition to rejecting the request for insolvency […]

EC Hunedoara to exit insolvency once again – Romania, 9 November 2016

Alba Iulia Court of Appeal decided once again to cancel the decision of Hunedoara Court from late June which approved the request for insolvency and thus, the state-owned Energy Complex (EC) Hunedoara will exit insolvency. This court decision is final and GMC SPRL Craiova, which was appointed as the company’s judicial administrator during the short-lived […]