09.16.2014

Debt collection companies manage to recover money from only one quarter of the debtors included in an acquired portfolio, as half of the total debtors cannot be found, while another 25% have no money more

08.27.2014

Romanian energy holding CE Hunedoara will take over a debt of RON10.84 million (EUR2.5 million) the coal mining company CNH owes the tax authority, according to a draft emergency decree drawn up the more

08.05.2014

Romanian businessman Ovidiu Tender announced Tuesday his airline Ten Airways has ceased its collaboration with airline Fly Romania over unpaid debts amounting to EUR400,000. more

07.04.2014

The 20 most debt-laden shopping centers in Romania owe EUR1.9 billion together, ten times the revenue they posted last year, due to the high loans they took out during the boom days of the local real more

05.19.2014

Two out of three Romanians have debts and half of them owe more than RON5,000, according to a survey ordered by debt collection firm Kruk Romania. more

05.14.2014

The Liberty Center mall in southwest Bucharest district Rahova, an about EUR70 million investment completed at the end of 2008, is still ailing two years after its creditors, Alpha Bank, Eurobank and more

05.13.2014

The Romanian Government has decided to write off tax debts owed by 15 companies in the defense industry that manufacture or sell weapons, ammunition and military equipment, citing the current more

04.24.2014

Romania’s Finance Ministry sold debt worth 1.3 billion lei (EUR290 million) at two auctions Thursday, in line with its initial target. more

04.10.2014

Romania will resume the privatization process of its postal operator Posta Romana once the European Commission accepts a conversion of the company’s debt into shares and bids may be expected in more

04.09.2014

Private indebtedness levels in Romania are high for both population and companies, which need more capital to stay competitive, said Ionut Dumitru, chief senior economist with Raiffeisen Bank Romania. more

03.25.2014

US carmaker Ford will have to receive EUR15 million from the Romanian government even though the company should have been fined EUR14.25 million for its breach of the privatization contract. more

03.18.2014

Romania pursues a strategy of issuing liquid benchmark bonds and refinancing treasury bills via euro-denominated bonds to improve its public debt management, Budget Minister Liviu Voinea said Tuesday. more

03.05.2014

Swan Office Park office complex in Pipera, northern Bucharest, which went bankrupt on more than 370 million lei (EUR82 million) debt in mid October 2013, has found two new tenants in the last few more

02.10.2014

Loan installments are the second biggest expense of Romanians after gas. The fear of losing their jobs and becoming unable to pay future bills will make them save the money left from the restructuring more

02.10.2014

Avicola Crevedia, part of Agroli group controlled by Lebanese investor Rami Ghaziri, went insolvent at the request of the Arges-Vedea branch of Romania’s water administrator Apele Romane. more

02.05.2014

Do-it-yourself and construction material distribution company Ambient, controlled by Sibiu businessman Ioan Ciolan, in late 2013 carried out an extensive financial overhaul process by which its debts more

02.04.2014

Romanian central bank’s chief Mugur Isarescu said Tuesday the government’s planned debt relief scheme to help troubled debtors could be a first step toward implementing a differentiated tax more

01.16.2014

GSK Romania used the EUR66.8 million from its recent share capital raise to pay off debts to other divisions of the British pharmaceutical group, amassed due to extensive payment terms on the Romanian more

11.05.2013

Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan package more

10.30.2013

Over 700,000 Romanians are currently more than one month overdue on their bank loan payments and 4.5 million people have taken out 7.5 million bank loans, Florin Danescu, executive president of the more

10.29.2013

The Romanian debt collection market rose 18% in the first half of 2013 to EUR747 million, from EUR615 million in the similar interval a year ago, the Debt Management Service Association (AMCC) said more

10.29.2013

The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it results more

10.21.2013

Romanian telecom operator RCS&RDS will launch a 7-year bond issue on external markets on October 29, aiming to raise EUR350 million to refinance its current debts, people close to the matter told more

10.07.2013

Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR158 million) in one-year treasury bills, with the average yield dropping to a record low of 3.52%. more

10.03.2013

Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the more