DEBT
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CEZ Romania: CFR Paid Off Its Debt; Late Payment Penalty Charges Waived
Power company CEZ Romania Tuesday said state-run rail company has paid off its debt of over 250 million lei (EUR54.76 million) accumulated over the past five years, but that it had to forgo...
Firms That Pay Off Debts To State Budget In Sept-Dec Won’t Pay Penalties
Romanian firms that have debts to the state budget will be exempted from paying penalties if they pay off the debt and the late payment interest between September 1 and December 31, 2012, Pr...
Mitre Building Construction Files Insolvency Claim Against Cocor Bucuresti
Firm Mitre Building Construction on Monday filed an insolvency claim with the Bucharest Court against shopping center operator Cocor SA Bucuresti (COCR.RO) for unpaid bills of about 120,000...
CFR Gets State Loan To Pay Debts To Energy Suppliers
Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent.
Government Allows Posta Romana To Reschedule Debts To State Institutions
Romanian state-owned postal company Posta Romana was allowed to rethink the payment of debts to state institutions to avoid entering insolvency, according to a decision approved by the Gover...
CFR To Get State Loan For Paying Debts To Energy Suppliers
Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principa...
Romania To Reduce Subsidy For Farmers With Debts To Agency Of State Domains
Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liabi...
Local Administration’s Debt Doubles In Three Years To EUR3B
From next to zero ten years ago, the debt of the public administration has reached 13.7 billion lei (EUR3 billion), practically doubling in 3-4 years’ time. This deepens the public debt, whi...
Cemacon Seeks Advisor For Negotiations With BCR
Romanian brick maker Cemacon (CEON.RO) could pay over EUR300,000 to a financial adviser in negotiations aimed at reducing the debt owed to lender BCR by some EUR10 million.