12.23.2015

Four large debt collectors, APS (Czech Republic), KRUK (Poland), Kredyt Inkaso (Poland) and EOS (Germany) reached an almost EUR6 billion non-performing loan portfolio at the end this year, which they more

10.23.2015

Romania’s government debt fell 0.4 percentage points to 38% of the gross domestic product, or RON259.48 billion, in the second quarter of 2015, from 38.4% in the first quarter, Eurostat data showed more

10.21.2015

Romania places fourth in the European Union by the lowest ratio of government debt to GDP in 2014, with 39.9%, being outranked by Estonia (10.4%), Luxembourg (23%) and Bulgaria (27%), Eurostat data more

10.06.2015

Romanian central bank governor Mugur Isarescu has warned that further growth in public debt could be dangerous and counterproductive. more

09.29.2015

State-run electricity and thermal power producer Electrocentrale Bucuresti (ELCEN) is in talks with heating distributor RADET to close a debt rescheduling protocol for a ten-year period, on condition more

09.09.2015

Only 40 of the 100 largest entrepreneurial businesses in Romania have a debt ratio above their sector average, ZF has calculated based on Trade Registry and Finance Ministry data. more

09.03.2015

Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared with RON20 more

08.11.2015

The average debt ratio of the about 650,000 companies in Romania is 71%, almost double the average of the 100 largest companies by revenue, out of which 75 multinationals. more

07.02.2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO) will become stockholder of bricks producer Cemacon (CEON.RO), through the conversion into shares of part of the more

06.30.2015

Banca Romaneasca operations are developed under normal conditions, as they are not impacted by the Greek debt crisis, the bank’s general manager, Ioannis Kougionas, stated Tuesday. more

05.27.2015

The Romanian debt collection market fell 28% to EUR1.25 billion in 2014, due to the 34% fall on individuals segment, but the value of collected debts rose 24% to EUR475 million, according to the data more

04.09.2015

Coal mining, restaurant, building construction, advertising and gambling are among the ten most debt-laden industries, whose debt ratio exceeds 80%, according to a ZF ranking based on Finance Ministry more

03.20.2015

Brick manufacturer Cemacon has signed a n agreement with lender BCR to restructure a EUR33 million loan, the company announced Friday. more

03.16.2015

Czech Republic-based debt recovery specialist APS that bought a large chunk of the non-performing loan portfolio of Austria’s Volksbank’s subsidiary in Romania last summer has also become a more

03.13.2015

Local brick maker Cemacon (CEON.RO) agreed with Netherlands-registered investment fund Business Capital For Romania Opportunity Fund Cooperatief UA on the conversion into shares of a Cemacon's debt more

02.17.2015

The debts of state-run companies account for almost half of their revenue and most of the money is owed to the state budget. more

02.06.2015

Romania is among the very few countries whose debt-to-GDP ratio has decreased since 2007, by seven percentage points, alongside Israel, Egypt, Saudi Arabia and Argentina, according to a study by more

01.05.2015

Romania plans to borrow up to 40 billion lei (EUR8.9 billion) at auctions on the local market and 3 billion euros in foreign funding in 2015, according to the indicative plan of debt sales published more

12.18.2014

Romania’s Finance Ministry cancelled a five-year bond auction scheduled for Thursday, due to increasing yields in the region following the Russian ruble decline, people in the industry told more

11.28.2014

Romania’s Finance Ministry plans to sell state treasuries worth 3.57 billion lei (EUR807.7 million) in December, similar with the amount raised in the previous month, the ministry said Friday. more

10.31.2014

Romania’s Finance Ministry plans to sell state treasuries worth 3.65 billion lei (EUR824.6 million) in November, down from RON4.1 billion raised a month earlier, the ministry said Friday. more

10.23.2014

Romania's government debt dropped by RON218 million in the second quarter compared to the first, to RON248.3 billion (38.5% of GDP), making it the third lowest public debt to GDP ratio in the European more

10.21.2014

The Romanian government approved Tuesday an emergency decree whereby energy holding CE Hunedoara will take over the debt the coal mining company CNH owes the tax authority ANAF. more

09.29.2014

Businessman Ioan Ciolan, the majority shareholder of Sibiu-based do-it-yourself retail and construction material distribution company Ambient, transferred 9.99% in it to an investment fund of BCR, more

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