AVAS freezes accounts of over 5,500 companies

The State Assets Resolution Authority (AVAS) has frozen the accounts of over 5,500 private capital companies, whose debts to the institution exceed 17.5 million RON. The companies have debts ranging from 2,000 RON to 5,000 RON, which AVAS took over from the county health insurance offices, reads a release of the institution. AVAS froze the accounts of 50,000 debtors in May, in order to recover a total 100 million RON. The deadline set by AVAS for debt payment expired on June 12, but only 500 companies that had small debts, had paid the receivables, with the institution thus recovering 2.1 million RON. The most firms with debts come from Timis, Constanta and Arad counties, in that order. Bucharest is ranks 10th among debtors, and the last two positions are filled by Maramures and Buzau counties.