debt
60 articole · RSS
NBR becomes arrears watchdog: It has to monitor and audit Finance Ministry plans to reduce debt
The National Bank is required to monitor and audit the application of the Finance Ministry's strategic plans to reduce arrears incurred by the local authorities and by state-controlled companies, which continue to be the most sensitive problem of the economy a...
One of Octavian Radu's apparel retail companies to go bankrupt leaving 9m-euro debt behind
Fashion Retail Group (FRG), the company owned by businessman Octavian Radu, which managed over ten fashion brands with 15.7m-euro turnover in 2009, is set to enter bankruptcy, after lenders...
Isărescu: Decision to take on debt was a democratic one
Governor Mugur Isărescu admits that the enormous private debt was what prompted the state to seek assistance from the European Union and the International Monetary Fund, but believes the dec...
Cavaliere stores insolvent under the burden of debt
Romanian Distribution Group, with turnover worth around 8.5m euros and 20 stores under Cavaliere men's apparel brand, entered insolvency proceedings late last year, under the pressure of len...
Tanasescu: Debt rescheduling can generate more money for the budget and help companies rebound
The Finance Ministry may resort to rescheduling schemes over the a limited period of time, of one to two years, in order to take care of the debt to the budget of ailing companies, if those...
Foreign debt rises 40% in one year to 44.8bn euros
Romania's medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose...
Foreign debt increases 40% in one year and reaches 61bn euros
Romania's overall foreign debt exceeded 61 billion euros at the end of March, up 40% on the first quarter of last year, reveals data from the NBR (National Bank of Romania). Since the beginn...
7.5bn euros paid on foreign debt
Romania paid more than 7.5 billion euros in instalments and interests on medium and long-term foreign debt, which exceeded 37 billion euros. Over the last seven years, the volume of debt inc...
50 percent surge in foreign private debt in 2007
Medium and long-term foreign debt went up by 8.1 billion euros last year to 36.8 billion euros. This is double the 4 billion-euro increase registered in 2006 and was largely fuelled by the 5...