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%).

Techtex, a company specializing in the production of technical textiles, mainly personal protective equipment (face masks, Dr. Albert brand), part of the IKEA supplier Taparo Group (also in dire financial conditions), has entered insolvency, according to Ziarul Financiar, Romania-Insider.com reported. The face mask factory was developed by the Taparo Group during the 2020 pandemic, with EUR 20 million in funding from state bank Eximbank and guidance from banker Dan Pascariu.

The state cargo railway company CFR Marfa, which entered insolvency in April after five years of pre-insolvency status, plans to diminish its dues by 32% to RON 3.1 billion (EUR 620 million) during this year by the transfer of RON 1.5 billion (EUR 300 million) of assets to the newly set up company Carpatica Feroviar, according to the budget of the company inked by the Transport Ministry and quoted by News.ro.

Yokohama Rubber, a Japanese corporation with a history of over 107 years, has purchased a tire factory for the mining industry, as well as for earthmoving and oversized transport machinery, located in Drobeta Turnu Severin, according to Profit.ro. The factory, built in the 1970s–1980s, was put up for sale by the judicial liquidator of the company Euro Tyres Manufacturing SRL, which went bankrupt at the end of January 2025 after nearly 7 years of insolvency. The company owns an industrial platform spanning over 19 hectares in the city of Drobeta Turnu Severin.

Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency, Romania-Insider.com reported. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder, Profit.ro reported. As of April 22, both bonds are again traded at the Bucharest Stock Exchange.

The “La Placnte” restaurant chain, which now consists of four units based in Bucharest, went into insolvency in Romania, at its own request. In 2023, which is the last reported year, the chain had debts totaling almost 10 million lei, IPN.md reported. The company argued that it cannot clear in due time this debts due to the insufficiency of funds, shows the document analyzed by Profit.ro, quoted by IPN. In 2023, the company had a turnover of 15.1 million lei and losses of 1.3 million lei. The number of employees decreased from 86 to 47 people.

Liberty Galati, the sole integrated steel producer in the region, hopes to resume full operations at a capacity of 2 million tonnes per year, about two-thirds of its nameplate capacity according to the pre-insolvency request approved by the court this month – and the revised European Union’s strategies in the sectors of defense and energy may help it survive, Romania-Insider.com reported. Liberty Galati has two months to come up with a recovery plan, which must necessarily envisage an output of over 172,000 tonnes per month, according to the pre-insolvency request consulted by Profit.ro.