Principal Company, which makes the Salonta and Matache Macelaru charcuterie products, is one step from insolvency after Buzau Court of Law last week decided to start insolvency proceedings in the wake of law suits filed by five lenders. The representatives of Principal Company, controlled by Signus Establishment and businessmen Ion Dobronauteanu, Emanuel Dobronauteanu and George Ivanescu, shareholders in Murfatlar wine producer, say they will appeal the decision by the end of this week, though they are also considering the possibility of the company's going into administration. "We are not the only company whose insolvency is asked for, for more or less important sums. In this regard, we'll exercise our right to appeal. Indeed, we have money to recoup from the market and money to give. However, we do not consider there's ill will in either of the situations. Moreover, we've held talks to reschedule these debts, with most of them finalised," Principal Company representatives told ZF.

Principal Company, which makes the Salonta and Matache Macelaru charcuterie products, is one step from insolvency after Buzau Court of Law last week decided to start insolvency proceedings in the wake of law suits filed by five lenders. The representatives of Principal Company, controlled by Signus Establishment and businessmen Ion Dobronauteanu, Emanuel Dobronauteanu and George Ivanescu, shareholders in Murfatlar wine producer, say they will appeal the decision by the end of this week, though they are also considering the possibility of the company's going into administration. "We are not the only company whose insolvency is asked for, for more or less important sums. In this regard, we'll exercise our right to appeal. Indeed, we have money to recoup from the market and money to give. However, we do not consider there's ill will in either of the situations. Moreover, we've held