Romanian C o mpanies R estructuring D uring the C risis

Sarchizian Sergiu ()
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Sarchizian Sergiu: Ovidius University, Constanta

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 621-624

Abstract: The worldwide economic crisis wh ich started at the end of 2008 often had irreversible effects in the Romanian economy. Thousands of companies confronted themselves with a drastic reduction of the demand for their product or services, the crucial lack of cash and they basically found themselves in the impossibility of paying their debts on time. All these led to in solvency and even to the bankruptcy of many Romanian companies.

Keywords: crisis; corporate restructuring; insolvency (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2015
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