The decision is mainly of a procedural nature and is similar to previous decisions. The Court did not approve any payments, improvements, or operational milestones. He again demanded that the administrator submit and share the necessary quarterly report with creditors, pointing out the ongoing delays in reporting.
Liberty Galati has been under Concordat protection for almost a year, during which the steel mill has been completely idle and does not conduct any production activities. This prolonged shutdown continues to negatively affect market confidence. Workers hold protests almost every week over unpaid wages and lack of clarity about the company's future, while many have started looking for other jobs. Creditors also remain under pressure, as neither payments nor a clear timetable for recovery have been announced.
According to market participants, concordat has not yet led to any tangible improvements. Uncertainty about the future of the plant remains high, while concern is growing that this process is simply delaying a decision rather than leading to a real improvement in the situation.
