THEORETICAL AND PRACTICAL CONSIDERATIONS REGARDING THE INSOLVENCY OF THE ADMINISTRATIVE-TERRITORIAL UNIT ANINOASA PART I
Our research presents a study case of the Aninoasa town, from Hunedoara county, the first Romanian town declared insolvent. We presented the context of the insolvency declaration and the way Romanian authorities handled this situation. In this context, we considered necessarily to present the econom...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Petrosani
2019-10-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | https://www.upet.ro/annals/economics/pdf/2019/p1/Cenuse_Nita_1.pdf |
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| Summary: | Our research presents a study case of the Aninoasa town, from Hunedoara county, the first Romanian town declared insolvent. We presented the context of the insolvency declaration and the way Romanian authorities handled this situation. In this context, we considered necessarily to present the economic and social context and the analysis of this insolvency situation causes, too. For technical considerations we split our study into two parts. On the first part we present you some general considerations regarding the insolvency of administrative-territorial units regulated by the Romanian law and what were the premises for declaring the town of Aninoasa insolvent. Our study ends with some conclusions. Shortly, we consider that our government solution represents a palliative result and it can be accepted as a singular solution, motivated by the unique and unprecedented situation. The solution is that the Government should continue its work and find a way to solve the present-day Local Governments financial problems. |
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| ISSN: | 1582-5949 2247-8620 |