DEBT
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Romanian Entrepreneurs Go Insolvent Because They Grew Through Loans - Specialist
The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no f...
ANAF, CFR Marfa To Take Over CFR Debts
Romania’s tax authority ANAF will take over an overdue debt of 119 million lei (EUR27 million) state-run railway operator CFR has to privatization authority AVAS, and then rail carrier CFR M...
Romania Takes Steps To Enrich CFR Marfa Ahead Of Sale Through Debt-For-Stock Swap
Romanian state-owned freight railway carrier CFR Marfa will take over a 606 million lei (EUR137 million) debt CFR Infrastructura has to the state budget in exchange for writing off a part of...
Romania Wants To Write Off Part Of Posta Romana Debts To Make It More Attractive To Investors
A part of the debts to the state budget of state-owned postal company Posta Romana will be written off through the transfer of the shares of stamp issuer Romfilatelia, entirely owned by the...
Lazea, BNR: Romania Has Highest Household Debt To Disposable Income Ratio In Europe
Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday.
Romstrade’s Creditors Claim Back EUR770M
The value of receivables creditors claim back from Romanian insolvent constructor Romstrade rises to 3.37 billion lei (EUR772 million), of which RON2.9 billion represent approved debts.
U.S. And UK Investors Bought 80% Of Romania’s Dollar-Denominated Bonds
Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among Germ...
Romania Wants Swift Agreement On Rompetrol Debt
The Romanian authorities and oil group Rompetrol continue negotiations over the latter’s outstanding debt to the state with a view to settle the matter before the parties make a new appearan...
Oltchim's Debts Exceed RON2.68B In 2012
Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) had debts of over 2.68 billion lei (EUR0.61 billion) at the end of 2012, according to a document presented by the Governmen...