Insolvency STB: Restructuring Plan Announced by Remus Borza
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4 Articles
No concrete value has yet been announced for a possible increase of the fine or for the amendment of the tariffs
After entering insolvency, the Bucharest Transport Company (STB) accumulated debts of nearly 3 billion lei. Remus Borza, managing partner at Euro Insol SPRL, one of the companies that are part of the consortium appointed interim judicial administrator [...]
The Bucharest Transport Company (STB) needs a real, deep and radical restructuring, which will cover including tariffs, gratuities, subsidies, management, contracts and expenses, said Wednesday, for Agerpres, Remus Borza, managing partner at Euro Insol SPRL, one of the companies that are part of the consortium appointed provisional judicial administrator of the STB. "What will [...]
The Bucharest Transport Company (STB) needs a real, deep and radical restructuring, which will include [...]
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