DEBT
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Romanian Banks' External Debt Stood At EUR23B In 2011
Bank external debt at the end of 2011 was at a level comparable to that at the end of 2010. Long-term debt decreased by around EUR300 million, but short-term debt climbed significantly. This...
Basescu: Romania Has Lowest Per-Capita Debt In EU
Romanian President Traian Basescu said Tuesday Romania has the lowest debt per capita in the European Union, of EUR4,570.
Romania Plans To Sell RON5B State Paper In February
Romania’s Finance Ministry plans to sell state paper worth 5 billion lei (EUR1.15 billion) in February, compared with RON9.9 million sold in the previous month, ministry data showed Tuesday.
Money Is Cheaper On Interbank Market, But When Will Loan Installments Go Down?
The costs at which banks borrow from one another have fallen significantly in the past few weeks thanks to the abundant liquidity on the interbank market and clients whose interest rates are...
Oltchim To Work On Debt Payment Schedule With Electrica
Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement si...
Government Wants To Convert CFR’s EUR1B Debt Into Shares
The debts of Romanian state-owned railway administrator CFR SA to the state budget and the risk fund, amounting to 4.5 billion lei (over EUR1 billion) at the end of 2011, will be written off...
Electrica Threatens Blackout At Oltchim, Over Unpaid Bills
Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the...
Court Postpones Ruling On Tnuva Romania Insolvency
Dairy maker Tnuva Romania’s bid for insolvency was postponed Tuesday, and the court will rule in the matter on February 21, a deadline by which the company may be foreclosed for debts worth...
Romania To Write Off CNH’s Debt To State Budget
Romanian state-run coal mining company Compania Nationala a Huilei (CNH) will transfer its non-viable mines to the national tax authority ANAF in exchange for having its debt to the consolid...