09.22.2017

Romania's finance ministry will launch a program allowing individuals to buy state paper directly through the state treasury at an interest but free of commission charges, the ministry said Friday. more

09.13.2017

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08.23.2017

Citigroup Global Markets, UniCredit and Raiffeisen Bank International Group remained the top three dealers among those in Romania’s medium-term note program last year, followed by Société more

07.20.2017

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06.08.2017

The companies held by Orange, Telekom, Vodafone, RCS&RDS, UPC and AKTA, the main six telecommunications groups with local operations, posted EUR3.4 billion revenue together (about EUR3.8 billion if more

05.25.2017

The value of debts managed by Romanian debt collectors on the domestic market grew 45% in 2016 compared with 2015, according to a report by the Association of Commercial Debt Management (AMCC) and more

03.23.2017

Italian utility group Enel said it will pay this year the EUR401 million debt that the International Court of Arbitration ruled it has to pay to the Romanian state for the minority stake in Electrica more

03.08.2017

The debt discharge law has triggered a state of incertitude on the market and it is very dangerous that those things can happen, Michal Szczurek, ING Bank Romania CEO, stated Wednesday. more

02.21.2017

APS Romania, the local division of the Czech debt collection group by the same name, says it has budgeted investments of at least EUR25 million in buying non-performing loans this year. more

12.14.2016

Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday. more

11.28.2016

Romania’s private debt fund market is expected to reach EUR1 billion in the next five years and it will fill the deficit created by the withdrawal of banking credit, according to analysts of private more

11.02.2016

Romania will sign a loan agreement with the International Bank for Reconstruction and Development (IBRD), in the amount of EUR500 million, according to a memorandum discussed in Government’s more

11.01.2016

The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is stable at more

10.25.2016

The Constitutional Court ruled Tuesday that the debt discharge law, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, is partially more

08.23.2016

Romanian debt collection market is estimated to grow by minimum 8% in 2016, to EUR2.7 billion, given the general market trend and the value of the portfolios to be put up for sale, according to more

08.10.2016

German entrepreneur Thomas Manns, who has previously bought the railroad car plants of businessman Cristian Burci via Astra Rail Management Gmbh, owns almost one quarter of the confirmed debt of more

07.18.2016

Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more

07.04.2016

Only a month after the enforcement of the debt discharge law, apartment prices in capital city Bucharest and across Romania saw declines of 0.7% to 4% on the residential segment, according to a study more

06.29.2016

Romanian Finance Minister Anca Dragu said natural persons returning real estate collateral to banks in exchange for writing off their loans will be exempted from paying the tax on property transfer. more

05.26.2016

The National Union of Notaries Public in Romania (UNNPR) has decided to cut by 50% the fees charged for retail mortgage borrowers who resort to the provisions of the law on debt discharge, according more

05.18.2016

The guarantee ceiling for this year’s government-guaranteed mortgage lending First Home program was supplemented by RON500 million, according to a decision adopted Wednesday by the government, as more

05.13.2016

The law on debt discharge came into force on Friday, 15 days after it was signed into law by Romanian President Klaus Iohannis and published in the Official Gazette. more

05.09.2016

The Communications Ministry, which manages the government’s interest in Telekom Romania group, asked Greece’s OTE to cut a significant portion of the EUR600 million debt that Telekom Romania more

04.28.2016

Romanian President Klaus Iohannis on Thursday said it signed into law a debt discharge bill allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off more

04.20.2016

Romanian Banking Association (ARB) asked President Klaus Iohannis to file an appeal at the Constitutional Court regarding the law on debt discharge, arguing that the law is jeopardizing the more