DEBT
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Debt Collector Kruk: Smaller Banks Sell Troubled Loans To Focus On New Loan Sales
Second tier banks, which used to deal with non-performing loans on their own, are now selling their receivables to specialized debt collectors so as to be able to move employees handling col...
Romania To Partly Extinguish The Fiscal Debts Of CFR, CNH, Termoelectrica
The Government has enabled fiscal watchdog ANAF to take over assets from mining company CNH and stock from state-owned companies CFR and Termoelectrica, in a bid to reduce the debts owed by...
SNLO's Receivables Higher Than Debts
Romanian state-owned mining company SNLO has a debt of 300 million lei (around EUR71 million) to suppliers and to the state budget, while receivables reach RON500 million, general manager Da...
Oltchim Asked To Discuss Interest Rate For Aid Refund
The Romanian government asked state-owned chemical company Oltchim (OLT.RO) to agree with privatization authority AVAS on an interest rate for the EUR134 million it owes as state aid refund.
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
Boagiu Says Energy Companies Overcharge CFR
Romanian Transport Minister Anca Boagiu Friday lashed out at power companies, accusing them of overcharging the state-run rail company CFR SA, whose total electricity bill has reached 1.98 b...
Romania Reconsiders Proprietatea Fund As Beneficiary Of $865M From Iraq’s Debt
The Romanian government decided to pull investment fund Fondul Proprietatea (FP.RO) from a list of 26 beneficiaries of $977 million from Iraq’s outstanding debt to the state, citing procedur...
Banks Have 2,000 Properties For Sale And Start To Cut Asking Prices
Almost 2,200 homes and plots of land, as well as retail space and factories, are currently for sale on the websites of the largest local banks. The number of ads is more than double compared...
Rompetrol Has Cleared Its Debt To Romania, Buyback Pending
Rompetrol has extinguished any debt owed to Romania last year and it is currently under negotiations to buy out the government from Rompetrol Rafinare's (RRC.RO) shareholding structure, the...