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

04.09.2013

Romania’s tax authority ANAF will take over an overdue debt of 119 million lei (EUR27 million) state-run railway operator CFR has to privatization authority AVAS, and then rail carrier CFR Marfa more

04.05.2013

Romanian state-owned freight railway carrier CFR Marfa will take over a 606 million lei (EUR137 million) debt CFR Infrastructura has to the state budget in exchange for writing off a part of its debt more

04.01.2013

A part of the debts to the state budget of state-owned postal company Posta Romana will be written off through the transfer of the shares of stamp issuer Romfilatelia, entirely owned by the postal more

03.26.2013

Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday. more

03.05.2013

The value of receivables creditors claim back from Romanian insolvent constructor Romstrade rises to 3.37 billion lei (EUR772 million), of which RON2.9 billion represent approved debts. more

02.18.2013

Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among German, more

02.13.2013

The Romanian authorities and oil group Rompetrol continue negotiations over the latter’s outstanding debt to the state with a view to settle the matter before the parties make a new appearance in more

01.17.2013

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) had debts of over 2.68 billion lei (EUR0.61 billion) at the end of 2012, according to a document presented by the Government more

12.18.2012

Romania’s insolvent power producer Hidroelectrica has obtained a significant debt reduction from one its main creditors, the Voith Hydro-Andritz Hydro German-Austrian consortium, the energy more

10.29.2012

Romania’s Central Bank and the Finance Ministry will touch a foreign debt payment peak over the next two years as they will have to pay EUR13 billion, the president of the Fiscal Council Ionut more

10.29.2012

Remus Vulpescu, former head of Romania's industry privatization authority OPSPI, freshly appointed as member of the board of directors of Rompetrol Rafinare (RRC.RO), said the government should reach more

10.22.2012

The 1.3 billion lei (EUR284 million) debts of Romanian national roads authority CNADNR to road constructors will be paid in tranches, and the payment calendar has yet to be decided, Prime Minister more

10.16.2012

The Romanian debt collection market stood at EUR615 million in the first half of 2012, down 35% compared with the same period a year ago, the Debt Management Service Association (AMCC) said Tuesday. more

10.12.2012

Construction company Confort, part of Izometal Confort owned by businessman Georgica Cornu, has filed for insolvency prompted by arrearage. more

10.05.2012

The exposure of the European banks to Romanian government paper dropped by EUR190 million in the first half, because of the pressure created by the need for capital and Romanian political scene more

10.05.2012

Alpha Bank has lost patience with the large customers not repaying their loans and has resorted more and more often to petitioning the court for their insolvency. The latest two such petitions were more

09.20.2012

Romania’s public debt rose to 236.69 billion lei (EUR52.5 billion) in July, from RON232.17 billion a month earlier, Finance Ministry data showed. more

09.10.2012

Romania’s Tourism Ministry said Monday it paid off a EUR287,500 overdue debt to German travel companies TUI, Dertour, ITS, ITS Stadtereisen, Frosch and Neckermann (Thomas Cook) for services more

09.05.2012

Romania’s Government on Wednesday allowed privatization authority AVAS to take over the debts of industrial platform Fortus Iasi, Prime Minister Victor Ponta said Wednesday. more

07.26.2012

Romania's Finance Ministry wants to introduce certain spending restrictions to take effect automatically when the net public debt goes over 35%, 40%, or 45% of the GDP, said state secretary Liviu more

07.24.2012

Romania’s public debt rose to 237.76 billion lei (EUR51.2 billion) in May, from RON236.65 billion a month earlier, Finance Ministry data showed. more