debt
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Siderurgica's debt swapped for equity
The Banking Assets Resolution Authority (AVAB) will swap the five million-dollar receivable it holds on Siderurgica for shares accounting for 17.6% in this company, AVAB chairman Ionel Blanc...
EBRD swaps Banc Post debt for equity
European Bank for Reconstruction and Development (EBRD) is to swap the $10 million loan granted to Banc Post in 1998 for equity. This would be EBRD's fifth investment in the Romanian banking...
Foreign debt and reserve grow fast
Romania's gross international reserves went up faster than the medium and long-term foreign debt last year, although the latter was higher than initially anticipated. At the same time, the c...
Armas no longer collecting debt
Argirom International Group, controlled by businessman Iosif Armas, has lost the contract for collecting the debts Romania has to recover from Angola, following the foreign trade operations...
Signs that Saddam will fall: Iraqi debt becomes more expensive
The airplanes and missiles locked on Iraq are not the only signs pointing to an upcoming confrontation. They are joined by certain financial indicators, which most analysts tend to overlook....
AVAB contemplates capital market for debt collection
Romania's number one debt collector, the Banking Assets Resolution Agency (AVAB) is focusing on the debt-for-equity swap in the case of eight companies subordinated to the Privatisation Auth...
$2bn in debt payments this year
Romania's medium and long-term foreign debt contracted last year amounted to more than $1.8bn, with the total debt worth about $13.5bn by the end of last September, according to official dat...
Debt pardon for certain companies
The state-run companies subordinated to the Ministry of Industry and Resources will grant a respite to the companies pending privatisation, allowing them to defer the payment of penalties an...
ING Romania - best debt house and best equity house
British magazine Euromoney has named ING Romania best debt house and best equity house in Romania, for the second year in a row. "We missed the 'best M&A house' award, as the privatisation m...