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 […]
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 […]
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 […]