Baxi Romania Enters Insolvency

In November 2013, it became clear that Baxi Romania, part of BDR Thermea, entered insolvency after the Ilfov Court approved its request. According to data published by the court, the company’s legal administrator is Cabinet Individual de Insolventa (CII) Giurgiu Calin Dan.

Last year, Baxi Romania reported a turnover of around RON 12.9 million (EUR 2.9 million), but with losses of RON 590,700 (EUR 133,200).

Frimu Ghinea
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