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

03.29.2012

Romania’s Finance Ministry plans to sell state paper worth 4.25 billion lei (EUR970.6 million) in April, down from RON7.86 billion sold in the previous month, ministry data showed Thursday. more

03.27.2012

Romania's Government has decided to delay converting the debts of railway administrator CFR SA, amounting to some 3.99 billion lei (EUR917 million) at the end of last year, into shares, following a more

03.21.2012

The cumulated debts of listed companies went up from 25 billion lei (EUR5.7 billion) at the end of 2008 to RON34 billion (EUR7.7 billion) at the end of 2011. During the same period the companies’ more

03.19.2012

Romania’s exposure to foreign currency loans, the country’s biggest vulnerability, has increased instead of falling in the three years since the start of the international financial crisis. more

03.13.2012

RCS&RDS, the largest telecom operator controlled by a Romanian entrepreneur, with revenue estimated at $800 million in 2011, will not have trouble finding financing to roll over its debt but it will more

03.08.2012

The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR135 million for chemical producer Oltchim SA (OLT.RO), state officials said more

02.29.2012

Companies managed by liquidator Casa de Insolventa Transilvania (CITR) have debts worth a total EUR1.9 billion and assets evaluated at EUR430 million, according to company co-founder Andrei Cionca. more

02.22.2012

The European bank deleveraging in Romania and the escalation of the sovereign debt crisis are the external risks Romania will continue to face, warn the analysts of Deutsche Bank, the largest German more

02.20.2012

Bank external debt at the end of 2011 was at a level comparable to that at the end of 2010. Long-term debt decreased by around EUR300 million, but short-term debt climbed significantly. This indicates more

02.08.2012

Romania must sell bonds on international markets on a regular basis to increase its credibility and avoid potential ugly moments when “blood-thirsty” markets go after desperate governments, more

02.06.2012

Romania’s government debt relative to the gross domestic product fell to 33.3% at the end of the third quarter in 2011, from 34.3% of GDP a quarter earlier, official data showed Monday. more

01.31.2012

Romanian President Traian Basescu said Tuesday Romania has the lowest debt per capita in the European Union, of EUR4,570. more

01.31.2012

Romania’s Finance Ministry plans to sell state paper worth 5 billion lei (EUR1.15 billion) in February, compared with RON9.9 million sold in the previous month, ministry data showed Tuesday. more

01.27.2012

The costs at which banks borrow from one another have fallen significantly in the past few weeks thanks to the abundant liquidity on the interbank market and clients whose interest rates are being more

01.19.2012

Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement signed in more

01.16.2012

The debts of Romanian state-owned railway administrator CFR SA to the state budget and the risk fund, amounting to 4.5 billion lei (over EUR1 billion) at the end of 2011, will be written off by the more

01.16.2012

Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the company to more

01.11.2012

Dairy maker Tnuva Romania’s bid for insolvency was postponed Tuesday, and the court will rule in the matter on February 21, a deadline by which the company may be foreclosed for debts worth more more

12.31.2011

Romania’s exports continued to increase in 2011, driven by foreign demand, though they slowed down in the second half, given the turmoil caused the sovereign debt crisis in the euro zone countries, more