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Government To Ease Township Heating Debts With Treasury Money
Romanian local authorities will be able to take out treasury loans to pay off debts to heat suppliers amassed by December 31, 2011, according to a bill drafted by the Government.
CFR Has Until Yearend To Pay Debts Without Added Penalties
Romanian state-owned railway operators owe energy suppliers 1.2 billion lei (EUR275.6 million), and the Government allotted RON400 million at the end of 2011 to pay overdue bills, former Tra...
Government Wants To Reduce State Enterprise Arrears By RON5-6B In 2012
Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion)...
Electrica Has To Recoup EUR380M, But Borrows To Finance Its Activity
Electrica, the only electricity distribution and supply company still in the portfolio of the Romanian state, says it has to recoup RON1.6 billion (EUR380.9 million) from companies to which...
Over 700,000 Romanians Have Past Due Debts With Banks Totaling RON7 Bln
Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against Septem...
CFR To Receive Subsidies For Debts To Energy Suppliers
Romanian state-owned railway companies CFR Calatori and CFR Infrastructura will receive state subsidies to pay their debts to electricity suppliers, Bogdan Chiritoiu, president of the compet...
Tax Authority To Write Off Contributors’ Penalties If They Pay Debts By Yearend
Romanian fiscal authority ANAF will write off individuals’ and companies’ debt penalties if they pay off debts and interest on overdue taxes by the end of the year, according to a Finance Mi...
Government Assigns RON18M To Schools To Pay Off Construction Debts
Romania’s Government has assigned 18 million lei (EUR4.2 million) to the Education Ministry’s 2011 budget to pay off debts schools across the country have to construction firms for renovatio...
CEZ Romania Unit On Brink Of Liquidation - CEO
CEZ Vanzare, the retail division of energy company CEZ Romania, is on the brink of being closed down because it can’t recover a debt of 330 million lei (EUR78 million) from state-run rail co...