DEBT
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Bucharest's Liberty Center Has Only 50 Stores Left
The Liberty Center mall in southwest Bucharest district Rahova, an about EUR70 million investment completed at the end of 2008, is still ailing two years after its creditors, Alpha Bank, Eur...
Ford Fine Cancelled By Government Debt To Carmaker
US carmaker Ford will have to receive EUR15 million from the Romanian government even though the company should have been fined EUR14.25 million for its breach of the privatization contract.
Bankrupt Swan Office Park Finds Two More Tenants
Swan Office Park office complex in Pipera, northern Bucharest, which went bankrupt on more than 370 million lei (EUR82 million) debt in mid October 2013, has found two new tenants in the las...
Romanians Spend EUR15B On Loan Repayment, Fuel, Electricity And Heating
Loan installments are the second biggest expense of Romanians after gas. The fear of losing their jobs and becoming unable to pay future bills will make them save the money left from the res...
Romania’s Second Largest Poultry Exporter Avicola Crevedia Goes Insolvent
Avicola Crevedia, part of Agroli group controlled by Lebanese investor Rami Ghaziri, went insolvent at the request of the Arges-Vedea branch of Romania’s water administrator Apele Romane.
Ambient Trades Stores For Debt Cut
Do-it-yourself and construction material distribution company Ambient, controlled by Sibiu businessman Ioan Ciolan, in late 2013 carried out an extensive financial overhaul process by which...
GSK Romania Used EUR66.8M Capital Hike To Pay Off Debts
GSK Romania used the EUR66.8 million from its recent share capital raise to pay off debts to other divisions of the British pharmaceutical group, amassed due to extensive payment terms on th...
Cemacon, BCR Reach Agreement In Principle On Debt Restructuring
Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan p...
Over 700,000 Romanians Are At Least One Month Overdue On Bank Loans
Over 700,000 Romanians are currently more than one month overdue on their bank loan payments and 4.5 million people have taken out 7.5 million bank loans, Florin Danescu, executive president...