Sierra Quadrant: The real economy needs a recapitalization of 30 bln. euro
Romanian companies would need 160.5 billion lei for recapitalization, in other words to be able to operate on solid financial…
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Sierra Quadrant
Sierra Quadrant: Yellow Code of Concern for the Romanian Economy
The depreciation of the national currency, the increase in interest rates and the reduction of financing lines, the new wave…
Sierra Quadrant: A third of Romanian companies have massive capitalization deficiencies
The increase in taxes, the accentuation of the financial blockade and the effects of inflation create big problems in the…
Ovidiu Neacșu, Sierra Quadrant: We transformed ELCEN from a bankrupt company into a solid economic actor
The court confirmed the end of the reorganization procedure of ELCEN Bucharest, thus officially marking the reinsertion of the company…
Elcen ordered the full payment of the sums of money owed to the creditors
Sierra Quadrant, Elcen’s judicial administrator, on Thursday ordered the full payment of the money owed to the company’s creditors. The…
Sierra Quadrant ends negotiations with the City Hall for the transfer of ELCEN to Termoenergetica
Sierra Quadrant has notified the City Hall of the Capital (PMB) that it had terminated negotiations on the transfer of…
Sierra Quadrant: 67% of managers rely on business restructuring
Romanian businessmen, investors, managers and employees with positions of responsibility in most economic fields look with caution at the prospects…
CET Bacău: State receivables exceed 20 million euro
Instead of investing in the rehabilitation of CHPs and distribution networks, many mayoralties waited for their bankruptcy and chose to…
ELCEN is considering requesting the insolvency of Termoenergetica
ELCEN is analyzing all the legal options for the recovery of the debts owed to it by the Municipal thermal…
Sierra Quadrant: Government needs to take a quick decision about ELCEN
Bogdan Tudorache The syndic judge of the Bucharest Tribunal confirmed the modified reorganization plan of ELCEN. After this decision, the…
Tens of thousands of companies are at risk of becoming financially deadlocked if no action is taken
The advance of the coronavirus epidemic has already created significant problems in the Romanian economy, from transport, to the event…
ELCEN’s assets could be sold to any private investor
Bogdan Tudorache Sierra Quadrant, the judicial administrator of ELCEN, registered with the Bucharest Court the modified plan for the reorganization…
Sierra Quadrant: Reorganization, the buzzword in business in 2020
The year 2020 will be, for many of the Romanian companies, one in which the reorganization of the business will…
PMB will capitalize the municipal company Termoenergetica with about 23 million lei
The City Hall has made a budget rectification and reallocation that proposes the capitalization of the new company Termoenergetica with…
Burghiu denies Sierra’s accusations: The contract with ELCEN has been signed
Bogdan Tudorache The new head of Termoenergetica (formerly RADET) told energynomics.ro that the statements of the ELCEN administrator, Sierra Quadrant,…
RADET requested the City Hall to pay the subsidy for only 32% of the energy
Bogdan Tudorache Following investigations initiated by Sierra Quadrant, the administrator of ELCEN, it turns out that RADET requested a subsidy…
Sierra Quadrant: Consumption loses ground. Insolvencies are expanding strongly in the trade sector
Consumption, the main engine of economic growth, is starting to lose ground. Inflation, financial blockage, the depreciation of the leu…
Bucharest City Hall, sent to court for RADET’s debts
Bogdan Tudorache The file to attract the patrimonial liability of the Bucharest City Hall, in order to recover the debt…
ELCEN creditors consider stopping the delivery of hot water to Bucharest
Bogdan Tudorache The ELCEN Lenders Committee will meet to discuss the possible cessation of hot water in the Capital, following…
ELCEN: PMB delayed with no reason the RADET takeover by Termoenergetica
The representatives of Sierra Quadrant, judicial administrator of ELCEN, say that the City Hall of the Capital is delaying the…
Sierra Quadrant: ANRE forces ELCEN to sell energy at a price lower than the cost
Bogdan Tudorache The National Energy Regulatory Authority forces ELCEN to sell thermal and electrical energy at a price lower than…
Elcen administrator is calling for a swift change of legislation to allow for advance subsidizing
Sierra Quadrant, legal administrator of Electrocentrale București, the largest producer of thermal energy which supplies thermal energy to Bucharest, asks…
ELCEN: Bucharest’s hot water is at risk of being stopped
„The Capital supply of hot water is likely to be stopped in the following period, given that the City Hall…