ARREARS
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Eurostat: Romania Ranks Fifth In The EU By Percentage Of Population In Arrears With Mortgage
Romania places fifth in a ranking of European Union member states regarding the percentage of population in arrears with mortgage (payments more than 90 days overdue), with 19.7% of its population facing this situation, the EU’s statistical office Eurostat sai...
State-Run Companies’ Debts Account For Almost Half Of Their Revenue
The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget.
State Companies Allowed To Transfer Assets To Other State Firms To Reduce Arrears
Romanian companies majority owned by the state, including their subsidiaries, will be allowed to transfer assets, through direct negotiation, to other firms majority held by the state, in a...
Romania To Approve Program Slashing Arrears Of State Companies By RON2B
The Romanian Government will approve next week a program aimed to reduce the overdue debts of state-owned companies by 2 billion lei (EUR0.44 billion), Prime Minister Victor Ponta and Minist...
Arrears Of Private And State Companies Rose To 20% Of Romania’s GDP During Crisis
Overdue debts of private companies and state-owned companies in Romania increased between 2008 and 2012, reaching around 20% of the country’s gross domestic product (nearly RON120 billion).
Hospital Managers To Be Fired If They Fail To Rein In Arrears
Romanian hospital manager will be fired if the healthcare units they run register overdue debts for three consecutive months, according to an emergency ordinance recently approved by the Gov...
Government Allots Over RON76M For Payment Of Hospital Arrears
The Romanian Government has increased the Health Ministry’s budget by more than 76 million lei (EUR17.4 million) so that the arrears amassed by public hospitals subordinated to local authori...
Local Authorities Must Cut Arrears By 85% In Two Months - Draft
Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments fro...
Development Ministry Will Pay Off Rural Infrastructure Arrears Of RON144M
Romania’s Regional Development Ministry is the new administrator of the Rural Infrastructure Development Program and will pay off rural infrastructure debts of 144 million lei (EUR31.9 milli...