GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS

In this article the author intended to continue the study of the concept of insolvency of administrative-territorial units. The insolvency of administrative-territorial units was regulated at legislative level in Romania by a Government Emergency Ordinance in May, 2013. With the adoption of the afor...

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Main Author: MELINDA CENUŞE
Format: Article
Language:English
Published: University of Petrosani 2014-12-01
Series:Annals of the University of Petrosani: Economics
Subjects:
Online Access:http://www.upet.ro/annals/economics/pdf/2014/part2/Cenuse_2.pdf
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author MELINDA CENUŞE
author_facet MELINDA CENUŞE
author_sort MELINDA CENUŞE
collection DOAJ
description In this article the author intended to continue the study of the concept of insolvency of administrative-territorial units. The insolvency of administrative-territorial units was regulated at legislative level in Romania by a Government Emergency Ordinance in May, 2013. With the adoption of the aforementioned regulations, the Government aimed a reduction in the volume of administrative-territorial unit arrears complying, at the same time, with the Stand-by Agreement with the International Monetary Fund related to the reduction of arrears, as well as to the reopening of the activity of goods and services providers which have to collect arrears from Local Government authorities. The present paper presents and explains the powers of authorities involved in opening insolvency proceedings.
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series Annals of the University of Petrosani: Economics
spelling doaj-art-ba70b838df2d49999f0452b677fef5c92025-08-20T03:11:41ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202014-12-01XIV21928GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITSMELINDA CENUŞE0University of Petrosani, RomaniaIn this article the author intended to continue the study of the concept of insolvency of administrative-territorial units. The insolvency of administrative-territorial units was regulated at legislative level in Romania by a Government Emergency Ordinance in May, 2013. With the adoption of the aforementioned regulations, the Government aimed a reduction in the volume of administrative-territorial unit arrears complying, at the same time, with the Stand-by Agreement with the International Monetary Fund related to the reduction of arrears, as well as to the reopening of the activity of goods and services providers which have to collect arrears from Local Government authorities. The present paper presents and explains the powers of authorities involved in opening insolvency proceedings.http://www.upet.ro/annals/economics/pdf/2014/part2/Cenuse_2.pdfinsolvency of administrative-territorial unitsinsolvency proceedingsarrearsLocal Government authorities
spellingShingle MELINDA CENUŞE
GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
Annals of the University of Petrosani: Economics
insolvency of administrative-territorial units
insolvency proceedings
arrears
Local Government authorities
title GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
title_full GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
title_fullStr GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
title_full_unstemmed GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
title_short GENERAL CONSIDERATIONS REGARDING THE PARTICIPANTS TO THE INSOLVENCY PROCEEDINGS OF THE ROMANIAN ADMINISTRATIVETERRITORIAL UNITS
title_sort general considerations regarding the participants to the insolvency proceedings of the romanian administrativeterritorial units
topic insolvency of administrative-territorial units
insolvency proceedings
arrears
Local Government authorities
url http://www.upet.ro/annals/economics/pdf/2014/part2/Cenuse_2.pdf
work_keys_str_mv AT melindacenuse generalconsiderationsregardingtheparticipantstotheinsolvencyproceedingsoftheromanianadministrativeterritorialunits