10.05.2012

Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitions were more

09.20.2012

Romania’s public debt rose to 236.69 billion lei (EUR52.5 billion) in July, from RON232.17 billion a month earlier, Finance Ministry data showed. more

09.10.2012

Romania’s Tourism Ministry said Monday it paid off a EUR287,500 overdue debt to German travel companies TUI, Dertour, ITS, ITS Stadtereisen, Frosch and Neckermann (Thomas Cook) for services more

09.05.2012

Romania’s Government on Wednesday allowed privatization authority AVAS to take over the debts of industrial platform Fortus Iasi, Prime Minister Victor Ponta said Wednesday. more

07.26.2012

Romania's Finance Ministry wants to introduce certain spending restrictions to take effect automatically when the net public debt goes over 35%, 40%, or 45% of the GDP, said state secretary Liviu more

07.24.2012

Romania’s public debt rose to 237.76 billion lei (EUR51.2 billion) in May, from RON236.65 billion a month earlier, Finance Ministry data showed. more

07.17.2012

Power company CEZ Romania Tuesday said state-run rail company has paid off its debt of over 250 million lei (EUR54.76 million) accumulated over the past five years, but that it had to forgo all more

07.16.2012

Romanian firms that have debts to the state budget will be exempted from paying penalties if they pay off the debt and the late payment interest between September 1 and December 31, 2012, Prime more

07.16.2012

The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strategy of more

06.18.2012

Firm Mitre Building Construction on Monday filed an insolvency claim with the Bucharest Court against shopping center operator Cocor SA Bucuresti (COCR.RO) for unpaid bills of about 120,000 lei (some more

06.15.2012

Romania’s public debt rose to 236.65 billion lei (EUR53 billion) in April, from RON235.17 billion a month earlier, according to data posted on the Finance Ministry's website. more

06.06.2012

Romania's Government will give national railway company CFR a loan to pay its debts to the private energy suppliers, a decision taken with the International Monetary Fund's consent. more

05.30.2012

Romanian state-owned postal company Posta Romana was allowed to rethink the payment of debts to state institutions to avoid entering insolvency, according to a decision approved by the Government more

05.28.2012

Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principal on its more

05.23.2012

Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers to more

05.22.2012

Romania's Government plans to reduce the subsidies provided to farmers with debts to the Agency of State Domains (ADS), rather than wait to recoup the 100 million lei (EUR22.5 million) liability in more

05.22.2012

Romania’s public debt is approaching its sustainability limit, 40% of GDP, the maximum level accepted by investors. At the price of creating a liquidity buffer, the growth of the public debt was more

05.14.2012

The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously, according to the country’s latest convergence program more

04.25.2012

Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from markets for fear more

04.24.2012

From next to zero ten years ago, the debt of the public administration has reached 13.7 billion lei (EUR3 billion), practically doubling in 3-4 years’ time. This deepens the public debt, which more

04.19.2012

Romania is a less risky debtor compared to more veteran EU members such as Spain, Italy or Hungary, but the country is still paying higher interest rates on its sovereign debt compared to the first more

04.19.2012

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 sought to more

04.12.2012

Romanian brick maker Cemacon (CEON.RO) could pay over EUR300,000 to a financial adviser in negotiations aimed at reducing the debt owed to lender BCR by some EUR10 million. more

04.10.2012

German PCC SE, a large shareholder in Romanian chemical company Oltchim (OLT.RO), has requested an updated assessment of the company’s public debt to the state privatization authority AVAS, the more

03.29.2012

Romania’s Finance Ministry plans to sell state paper worth between 12 billion lei (EUR2.7 billion) and 14 billion lei (EUR3.2 billion) in the second quarter, half the value of treasury issuances in more