All 1,011 employees at the Damen Mangalia shipyard will be laid off in two phases, on June 25 and July 16, following the company’s bankruptcy filing.
Natural gas producer and supplier Romgaz (stock symbol: SNG) on May 6 informed its shareholders and investors that it reached an agreement in principle with chemical fertilizer producer Azomures regarding the takeover of the latter's operational activity through the "Transfer of a Going Concern" mechanism.