debt
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Foreign debt service: $1.3-$2.1bn annually
The annual foreign public debt service will maintain at about $1.3-$2.1bn throughout 2003-2007, a Finance Ministry report shows. The document specifies the annual payments on Romania's forei...
Debt trading stuck at Finance Ministry
The Romanian Businesspeople Association (AOAR) and the chairman of the Romanian Commodities Exchange (BRM) on Wednesday accused Finance minister Mihai Tanasescu of having blocked the Governm...
Business people slam Government's debt cancellation measure
The most powerful business people association in Romania - AOAR challenges the authorities' plan to strike off the debts to the State of a number of state-run companies, feeling this is in b...
Govt. to discuss debt pardon
The Romanian Government will discuss an emergency ordinance draft that would delay, with a view to cancellation, the payment of debts to the state budget, the social security budget, the hea...
Petromidia debt for equity swap may get the go-ahead
After several months of careful consideration, the Government seems to have realised that the only way to solve the problem of Petromidia's historical debts is the solution suggested this sp...
Foreign debt keeps low profile
Romania still has the lowest foreign debt level in the entire region, as the medium- and long-term foreign debt totalled 13.9 billion euros at the end of May, down 3.8% since December 2002....
Petromidia debt issue still unsolved
Swapping at least part of Petromidia's debts to the general consolidated budget for equity is merely a theoretical solution, which the Finance Ministry does not seem very eager to apply, gov...
New debt freezing project
The Finance Ministry will devise a new ordinance draft on freezing the debts to the state of 91 state-run companies, as recommended by the Competition Council, ministry officials on Monday s...
Private foreign debt soars
It is substantial and it keeps growing. We are talking about the private foreign debt, which went up 4.3% in the first three months of the year and reached $5.94bn by March 31. The private d...