Hidroelectrica is back in insolvency

Hidroelectrica reenters insolvency after several energy traders have won their appeals in the Bucharest Court of Appeal. The energy traders moved against the former judiciary administrator for Hidroelectrica, who denied their receivables worth RON 1.3 billion. The information was confirmed by Remus Vulpescu, ex-member of the Supervisory Board of Hidroelectrica. “Hidroelectrica returned to insolvency, after the Court of Appeal decided to accept ...

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