03.05.2014

Swan Office Park office complex in Pipera, northern Bucharest, which went bankrupt on more than 370 million lei (EUR82 million) debt in mid October 2013, has found two new tenants in the last few more

02.10.2014

Loan installments are the second biggest expense of Romanians after gas. The fear of losing their jobs and becoming unable to pay future bills will make them save the money left from the restructuring more

02.10.2014

Avicola Crevedia, part of Agroli group controlled by Lebanese investor Rami Ghaziri, went insolvent at the request of the Arges-Vedea branch of Romania’s water administrator Apele Romane. more

02.05.2014

Do-it-yourself and construction material distribution company Ambient, controlled by Sibiu businessman Ioan Ciolan, in late 2013 carried out an extensive financial overhaul process by which its debts more

02.04.2014

Romanian central bank’s chief Mugur Isarescu said Tuesday the government’s planned debt relief scheme to help troubled debtors could be a first step toward implementing a differentiated tax more

01.16.2014

GSK Romania used the EUR66.8 million from its recent share capital raise to pay off debts to other divisions of the British pharmaceutical group, amassed due to extensive payment terms on the Romanian more

11.05.2013

Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan package more

10.30.2013

Over 700,000 Romanians are currently more than one month overdue on their bank loan payments and 4.5 million people have taken out 7.5 million bank loans, Florin Danescu, executive president of the more

10.29.2013

The Romanian debt collection market rose 18% in the first half of 2013 to EUR747 million, from EUR615 million in the similar interval a year ago, the Debt Management Service Association (AMCC) said more

10.29.2013

The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it results more

10.21.2013

Romanian telecom operator RCS&RDS will launch a 7-year bond issue on external markets on October 29, aiming to raise EUR350 million to refinance its current debts, people close to the matter told more

10.07.2013

Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR158 million) in one-year treasury bills, with the average yield dropping to a record low of 3.52%. more

10.03.2013

Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the more

09.19.2013

Romania’s domestic and external public debt sped up during the five years since the crisis began, and has now more than doubled compared with the end of 2008, to over 250 billion lei (EUR56 more

09.12.2013

Romania raised EUR1.5 billion in a seven-year euro-denominated bond, at 295 points over the reference midswap rate, banking sources told MEDIAFAX Thursday. more

08.21.2013

The 100 largest companies controlled by Romanian entrepreneurs are over-indebted and would need EUR5.6 billion in fresh capital in order to reach European average indebtedness indicators in the more

07.22.2013

Romania’s government debt reached 38.6% of the gross domestic product at the end of March, the fourth lowest level in the European Union, official data showed Monday. more

07.19.2013

Romania’s total public debt as a share of the gross domestic product shrunk to 24.4% at the end of March from 29.4% in the year-ago period, largely due to fewer share and other equity holdings and a more

06.12.2013

Managers in Romania believe that lower consumer demand is the reason why the companies they run have gone insolvent, while facts show most of insolvencies were triggered by high debts and more

06.05.2013

Bancpost, Banca Italo-Romena, Alpha Bank and Banca Transilvania along with six grain traders including VA Intertrading, CHS, Brise Group, Alfred Toepfer and Cargill have about EUR19.5 million to more

05.30.2013

Romania’s government is hoping the European Commission will allow it to convert some of the debts of state-owned postal company Posta Romana into shares so it can privatize the company, Prime more

05.29.2013

Romanian firms that amassed new debts to the state budget, after they had their older debts rescheduled, and were recently checked by tax authority ANAF may ask for a new debt restructuring, according more

05.29.2013

Romania’s government will ask the European Commission to approve the conversion into shares of the state budget debts registered by postal operator Posta Romana, and the company’s 107 million lei more

05.27.2013

Romania’s public debt climbed at 252 billion lei (EUR57 billion) in March, which is higher by RON11.5 billion from December 2012, due to large amounts borrowed mainly from the domestic market. more

04.12.2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more