cheques
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1bn RON worth of bounced cheques and promissory notes
The sums on bounced debt instruments, an indicator gauging cash problems companies are coping with, in March climbed to more than 1bn RON (252m euros), the second time in recent years when this threshold has been exceeded, according to NBR data.
Companies have fewer cash flow problems at the beginning of the year
Companies had fewer cash flow problems at the beginning of the year, with instances when debt instruments bounced - i.e. when banks did not find enough money in the accounts of holders to co...
NBR prepares for electronic processing of cheques
It will be possible for cheques and other paper-based debt payment instruments (promissory notes and bills of exchange) to be electronically processed, with the NBR (National Bank of Romania...
New SNP Petrom head tries to dodge rubber cheques scandal
During his first public appearance as head of SNP (National Oil Company) Petrom, Gheorghe Constantinescu tried to avoid dealing with the hottest topic on the energy market at the moment: the...