{"id":11168,"date":"2026-07-21T07:00:25","date_gmt":"2026-07-21T07:00:25","guid":{"rendered":"https:\/\/ofero.news\/?p=11168"},"modified":"2026-07-21T07:00:25","modified_gmt":"2026-07-21T07:00:25","slug":"bucharest-mayor-seeks-insolvency-protection-for-public-transport-operator-stb","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=11168","title":{"rendered":"Bucharest mayor seeks insolvency protection for public transport operator STB"},"content":{"rendered":"<p>Bucharest mayor <strong>Ciprian Ciucu<\/strong> has called for the insolvency of the capital&#8217;s public transport operator STB, arguing that court-supervised restructuring is the only way to avoid bankruptcy and ensure the payment of employees&#8217; salaries, according to <a href=\"https:\/\/www.economica.net\/primarul-general-ciprian-ciucu-cere-insolventa-stb-trebuie-sa-evitam-falimentul-bucurestiului_960784.html?mc_cid=fbd1395472&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Economica.ro<\/a>.<\/p>\n<p>Speaking at a press conference, Ciucu said STB&#8217;s financial situation had become unsustainable and warned that, without entering insolvency proceedings, the company would eventually face bankruptcy.<\/p>\n<p>&#8220;Without insolvency, at some point, STB will effectively go directly into bankruptcy,&#8221; Ciucu said.<\/p>\n<p>The mayor identified three main causes of the company&#8217;s financial difficulties. The first is the historic practice of non-payment of tax and social security contributions to the state budget, with the outstanding debt reaching RON 1 billion (EUR 190 million) and accumulating penalties.<\/p>\n<p>He also criticised the Bucharest\u2013Ilfov Association for Intercommunity Development for Public Transport TPBI, arguing that it had failed to fulfil its coordinating role, and blamed STB&#8217;s management for inefficiency resulting from political appointments. Ciucu also cited the reluctance of successive administrations to implement reforms because of pressure from trade unions.<\/p>\n<p>In a Facebook post, the mayor argued that STB has effectively been insolvent since 2020, when it stopped paying employees&#8217; tax and social security contributions to the state budget.<\/p>\n<p>&#8220;Since then, they have been racking up debts and penalties of more than RON 1 billion, year after year,&#8221; he wrote.<\/p>\n<p>According to Ciucu, STB&#8217;s total liabilities reached RON 1.72 billion in 2025, of which RON 1.49 billion represents debt to the budget. Around RON 402 million of that amount consists of penalties.<\/p>\n<p>Ciucu described the operator&#8217;s financial position as &#8220;undeclared bankruptcy&#8221;, arguing that insolvency proceedings would provide a legal framework to restructure the company while maintaining essential public transport services in Bucharest.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: Inquam Photos\/Codrin Unici)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Bucharest mayor Ciprian Ciucu has called for the insolvency of the capital&#8217;s public transport operator STB, arguing that court-supervised restructuring is the only way to avoid bankruptcy and ensure the payment of employees&#8217; salaries, according to Economica.ro. Speaking at a press conference, Ciucu said STB&#8217;s financial situation had become unsustainable and warned that, without entering [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11168","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/11168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11168"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/11168\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}