DEBTS
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Insolvent Hidroelectrica’s Administrator Rejects Claims Of RON1.2B
The legal administrator of Romanian insolvent company Hidroelectrica rejected all reparation claims filed by firms which signed direct energy delivery contracts with the hydropower producer.
CFR Gets EUR174M Loan From EBRD
Romania’s state-owned railway company CFR will receive a EUR174 million loan from the European Bank for Reconstruction and Development EBRD, guaranteed by the Government, for paying a state...
Government OKs 7-Year Debt Payment For Public Television, Railway Companies
Romania’s Government approved a memorandum Saturday extending the debt payment schedules of public television SRTV, freight railway company CFR Marfa, and railway company CFR SA to seven yea...
Government Revises Debt Rescheduling System To Relieve Posta Romana Of Quick Payment To State
The Romanian Government has revised for the first time the debt rescheduling system enforced last year to relieve state-owned postal company Posta Romana of immediately paying its overdue de...
Banks Sold EUR700M Bad Loans To Debt Collectors In 2011
Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks s...
FOCUS: Lack Of Investments, Faulty Management Push CFR SA In Financial Hardship
Romanian railway administrator CFR SA amassed debts of 4 billion lei (about EUR900 million) to the state budget due to inadequate financing, lack of investments and malfunctioning management...
Government OKs Conversion Of CFR’s Debts Into Shares
The Romanian Government approved Tuesday an emergency ordinance whereby the debts of railway administrator CFR SA, amounting to 3.99 billion lei (about EUR917 million) at the end of last yea...
Fiscal Authorities Freeze 3 Million Accounts For Debts Of RON10B In 2011
Almost 30,000 Romanians and 240,000 companies had their accounts frozen by fiscal authorities after they failed to pay their taxes.
Government Wants To Convert CFR’s EUR900M Debt Into Shares
The debts of Romanian state-owned railway operator CFR SA to the state budget and the risk fund, amounting to 3.99 billion lei (about EUR917 million) at the end of 2011, will be written off...