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

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