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Privatization Authority To Take Over UCM Resita’ Debts To ANAF, Sell Its Assets
Romania’s privatization authority AAAS will take over the debts of insolvent engine manufacturer UCM Resita (UCM.RO) to tax authority ANAF and will cede a part of the manufacturer’s assets t...
Insolvent Vulcan’s Debts At RON193M; BCR Major Creditor
Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO), which entered insolvency in May this year, owes 193 million lei (EUR44 million) to 230 creditors.
Romania May Extend Bid Submission Deadline For Posta Romana Privatization
Investors interested in a majority stake in Romanian state-run postal company Posta Romana have asked for the extension of the deadline for the submission of bids after the country's tax aut...
Romanian Government Converts Mining Company Debts Into Shares
The Romanian government will write off the debts of mining company Remin Baia Mare to the state budget by converting them into shares, Prime Minister Victor Ponta said Tuesday.
CFR Cut State Budget Debts By 13% In 1Q/2013
Romanian state-owned railway administrator CFR SA on Monday said it reduced its debts by 13% in the first quarter of the year, to 540 million lei (EUR122.4 million) from RON620 million, afte...
Ponta II Government Has EUR13 Billion To Repay In Four Years
The Ponta II Government will be faced with the repayment of the bulk of the record EUR19 billion loan that Romania took out from foreign lenders. The loan was approved in 2009 during the Dem...
ZF: Romania Is More Colorful And Stronger, But It Should Mind Its Debts
At its 14th anniversary, Ziarul Financiar notes that Romania has gradually become stronger and more colorful than it was in the '90s, but it should be careful about its piling debts.
Farmers To Receive Financial Aid Only Upon Paying Land Lease Dues
The Romanian farmers will receive financial aid from the state only upon paying in turn, in due time, the dues resulted from the land lease and rental deals concluded with the State Domains...
AVAS Takes Under Administration Aversa’s Debts
Romanian privatization authority AVAS will take under administration the debts managed by the country’s fiscal watchdog ANAF over pump factory Aversa, under bankruptcy, according to a legisl...