Results 151 - 175 from 231 for "debt"
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CEZ Romania: CFR Paid Off Its Debt; Late Payment Penalty Charges Waived
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
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Firms That Pay Off Debts To State Budget In Sept-Dec Won’t Pay Penalties
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
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Public Debt Strategy: Finance Ministry Wants To Borrow EUR7.2B From External Market Over 3 Years
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
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Mitre Building Construction Files Insolvency Claim Against Cocor Bucuresti
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
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Romania's Public Debt Widens To RON236.7B In April
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
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CFR Gets State Loan To Pay Debts To Energy Suppliers
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
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Government Allows Posta Romana To Reschedule Debts To State Institutions
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
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CFR To Get State Loan For Paying Debts To Energy Suppliers
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
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Treasury Chief Says New Debt Management Plan To Cap Annual Cost Of Public Debt Service
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
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Romania To Reduce Subsidy For Farmers With Debts To Agency Of State Domains
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
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Romania's Public Debt Nears 40% Of GDP
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
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Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP
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
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Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast
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
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Local Administration’s Debt Doubles In Three Years To EUR3B
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
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Romania Less Likely To Default On Own Debt Vs Hungary, Spain
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
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Banks Sold EUR700M Bad Loans To Debt Collectors In 2011
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
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Cemacon Seeks Advisor For Negotiations With BCR
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
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PCC Wants Updated Assessment Of Oltchim’s Debt To Romania
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
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Romania Plans To Sell Up To RON14B Treasuries In 2Q
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
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Romania Plans To Sell RON4.25B Treasuries In April
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
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Government Postpones Canceling CFR SA's Debts To State Budget
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
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Most Indebted Companies On The Stock Exchange
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
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Individual And Corporate Debtors Are More Exposed To Leu Depreciation Than In 2008
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
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Marisa Drew, Credit Suisse: Financing Will Be There For RCS&RDS But Will Likely Be Somewhat More Costly
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
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EU Clears Romanian Oltchim’s Debt-Swap Deal
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
