DEBT
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Hidroelectrica Obtains Big Debt Relief From German-Austrian Consortium
Romania’s insolvent power producer Hidroelectrica has obtained a significant debt reduction from one its main creditors, the Voith Hydro-Andritz Hydro German-Austrian consortium, the energy...
Remus Vulpescu Says Amicable Agreement Would Be Preferable At Rompetrol
Remus Vulpescu, former head of Romania's industry privatization authority OPSPI, freshly appointed as member of the board of directors of Rompetrol Rafinare (RRC.RO), said the government sho...
CNADNR’s Debts To Constructors To Be Paid In Tranches
The 1.3 billion lei (EUR284 million) debts of Romanian national roads authority CNADNR to road constructors will be paid in tranches, and the payment calendar has yet to be decided, Prime Mi...
Romanian Debt Collection Market Falls 35% In 1H, To EUR615M
The Romanian debt collection market stood at EUR615 million in the first half of 2012, down 35% compared with the same period a year ago, the Debt Management Service Association (AMCC) said...
Romanian Constructor Confort Goes Insolvent
Construction company Confort, part of Izometal Confort owned by businessman Georgica Cornu, has filed for insolvency prompted by arrearage.
Foreign Banks Cut Exposure To Romania Debt By EUR200M In 1H
The exposure of the European banks to Romanian government paper dropped by EUR190 million in the first half, because of the pressure created by the need for capital and Romanian political sc...
Alpha Bank Loses Patience With Two More Customers
Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitio...
Tourism Ministry Pays Off Debts To German Tour Operators
Romania’s Tourism Ministry said Monday it paid off a EUR287,500 overdue debt to German travel companies TUI, Dertour, ITS, ITS Stadtereisen, Frosch and Neckermann (Thomas Cook) for services...
AVAS Allowed To Take Over Fortus Iasi Debts
Romania’s Government on Wednesday allowed privatization authority AVAS to take over the debts of industrial platform Fortus Iasi, Prime Minister Victor Ponta said Wednesday.