DEBT
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Romania Current Account Gap Widens To EUR5.94B In January-May 2021
Romania's current account balance posted a deficit of EUR5.947 billion in the first five months of 2021, compared with a deficit of EUR3.207 billion in the same period in 2020, central bank...
Romania Current Account Gap Doubles to EUR4.71B in Jan-Apr
Romania's current account balance posted a deficit of EUR4.71 billion in the first four months of 2021, compared with a deficit of EUR2.274 billion in the same period in 2020, central bank d...
Eurostat: Romania Had One Of Largest Increases In Government Debt-To-GDP Ratio In EU, In 4Q/2020
Romania’s government debt reached 4.2% of the gross domestic product (GDP) in the fourth quarter of 2020, compared with the third quarter of 2020, being the country with one of the largest i...
Romcab Seeks to Return to Trading with RON151M Debt after Reorganization
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks t...
CITR: 7,000 Romanian Companies Owe Over RON1M Each to State Budget
Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading...
Tax Authority Approves Romaero Restructuring Plan; Romania Recovers RON50M
Romanian aircraft parts maker Romaero (RORX.RO), of strategic importance for the Romanian aerospace and defense industries, has received tax authority approval for its restructuring plan tha...
Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and...
Romania Current Account Gap Widens to EUR8.1B in Jan-Sept
Romania's current account balance posted a deficit of EUR8.1 billion in the first nine months of 2019, compared with a deficit of EUR6.79 billion in the same period of 2018, central bank dat...
Eurostat: Romania Posts Highest Government Debt-To-GDP Ratio In EU, In 4Q/2018
Romania’s government debt reached 0.8% of the gross domestic product in the fourth quarter of 2018, compared with the third quarter of 2018, being the country with the biggest increase in go...