DEBT
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Kruk Manages RON8.6B Worth Of Bad Debt
Polish-held debt collection specialist Kruk is managing about one million receivables worth 8.6 billion lei (almost EUR2 billion), 600,000 of which bank loans that may be worth up to 80% of...
ELCEN In Talks With RADET On Debt Rescheduling
State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) is in talks with heating distributor RADET to close a debt rescheduling protocol for a ten-year period, on...
Romanian Entrepreneurs Cautious About Taking On Debt
Only 40 of the 100 largest entrepreneurial businesses in Romania have a debt ratio above their sector average, ZF has calculated based on Trade Registry and Finance Ministry data.
Astra Asigurari Has Only RON3.5M In Its Accounts After 18 Months Of Special Administration
Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared...
Multinational Debt Ratio 50% Lower Than Romanian Entrepreneurs’
The average debt ratio of the about 650,000 companies in Romania is 71%, almost double the average of the 100 largest companies by revenue, out of which 75 multinationals.
BCR To Become Cemacon Stockholder, Through Debt Conversion
Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO) will become stockholder of bricks producer Cemacon (CEON.RO), through the conversion into shares of part of the co...
Ten Most Debt-Laden Sectors Have Over 80% Debt Ratio
Coal mining, restaurant, building construction, advertising and gambling are among the ten most debt-laden industries, whose debt ratio exceeds 80%, according to a ZF ranking based on Financ...
Cemacon Reschedules EUR33M BCR Loan Payoff
Brick manufacturer Cemacon has signed a n agreement with lender BCR to restructure a EUR33 million loan, the company announced Friday.
Debt Recovery Specialist APS Expects EUR7m For Bankrupt Armonia Braila Mall
Czech Republic-based debt recovery specialist APS that bought a large chunk of the non-performing loan portfolio of Austria’s Volksbank’s subsidiary in Romania last summer has also become a...