The government of Romania, the main creditor of the integrated steel mill Liberty Galati, part of the Liberty Steel group but currently under pre-insolvency procedure, agreed with the sale of the company’s core assets separately, according to Ziarul Financiar, citing the independent manager of the company set under the pre-insolvency procedure, Remus Borza, Romania-Insider.com reported. The executive had previously insisted on the sale of the company as a whole.

The latest study conducted by Coface Romania shows that in the first 8 months of this year, 4,561 new insolvency proceedings were opened compared to 4,657 in the same period from 2024, RomaniaJournal.ro reported. Refused payment instruments continued to increase in the first eight months of 2025 by 10% in number and 21% in value compared to to 2024. The wholesale and retail trade/repair of motor vehicles and motorcycles sector reported the highest number of insolvencies, namely 1,131.

Romania said on Monday a 15% U.S. import tariff on European goods would mean a small hit to central Europe's second-largest economy, while export-reliant Slovakia hailed the U.S. trade deal as a "good result," Reuters reported. Sunday's framework trade agreement between the United States and the European Union staved off the threat of a trade war, which has loomed over the region's economies, among the EU's most dependent on trade.

Restart Energy One, a Romanian independent energy supplier and renewable project developer, has proposed repaying just 17% of the face value of its bond debt as part of a restructuring plan submitted under a pre-insolvency procedure, Romania Insider reported. The company published the proposal in a report to the Bucharest Stock Exchange on July 9. The plan allocates RON 5.62 million to bondholders against total outstanding bond obligations amounting to RON 16.4 million and EUR 3.35 million, or approximately RON 33 million, Ziarul Financiar reported.

Romanian furniture manufacturer Taparo, a key supplier to IKEA and major European retailers, is nearing bankruptcy after its judicial administrator formally requested the Maramureş Court to initiate bankruptcy proceedings, citing the full cessation of the company’s operations, Romania-Insider.com reported. The request, filed on May 29, was recorded in the Insolvency Proceedings Bulletin, Ziarul Financiar reported.

Romania’s competition authority said it has approved the notified acquisition of local wood processing company ZG Timber Sebes by Austrian wood-based panel manufacturer Kronospan Holdings, SeeNews.com reported. The Competition Council found no significant concerns regarding the effect of the transaction on competition within the Romanian market, it said in a statement on Friday. ZG Timber Sebes produces timber and pellets at a plant in the central city of Sebes, Alba county.

Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions, Romania-Insider.com reported. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from state-owned bank Eximbank but failed to reach break-even production amid a weak market last year. The company ties its hope for settling its mounting debts to the state's stimulus for the defense industry.

The European Commission has reprimanded Austria and Romania for breaking European Union limits on government spending — as Austria deals with the financial fall-out of months of political deadlock and Romania's long-running fiscal problems drag on, Politico reported. Under EU fiscal rules, a country's deficit — the difference between a government’s revenues and expenditures — cannot exceed 3 percent of the country's gross domestic product. Both countries went through a long period of political crisis this year. But their situations are very different.

Slovenia, Romania, and Croatia were among the countries in Central and Eastern Europe (CEE) to face rising insolvency rates in 2024, despite the economic recovery in the region, global credit insurer Coface said, SeeNews.com reported. In Slovenia, the total number of insolvency proceedings rose by 32.4% year-on-year in 2024, reaching 769 cases. The largest share came from the construction sector (29.26%), followed by business and personal services (22.63%), while the financial sector accounted for the smallest portion (0.91%).