debts
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Banks expand short-term debt in 2010, after pausing a year
Banks increased their foreign short-term debts, largely reflecting funding received from foreign shareholders, by almost 1bn euros last year, to 7bn euros.
Merkel demands that debts to German firms be paid
Germany's powerful chancellor Angela Merkel yesterday demanded in her meetings with Premier Emil Boc and with President Traian Băsescu that the Romanian state should pay its debts to German...
Flanco banks and suppliers agree to cancel 40m-euro debts
The main lenders of Flanco group, ING, Unicredit Tiriac and BRD, and the retailer’s suppliers have agreed with the company’s management and Transylvania Insolvency House to wipe out debt...
EOS KSI: Increasingly more clients have debts with two or more banks
The average value of overdue payments for bank credits has climbed to 700 euros, with increasingly more clients having overdue payments at two or more banks, according to George Kovacs, gene...
Vinterra unable to pay debts to banks
Vinterra International wine producer, a Romanian-Dutch joint venture that owns 100 hectares of vineyard in the Dealu Mare and Vanju Mare regions, has defaulted on bank debts worth several hu...
Unpaid CFR debts drag Apcarom's profit down
Unpaid CFR debts drag Apcarom's profit down
Petrom collects $44m for Rafo''s debts
Petroleum company Petrom transferred its receivables over the Rafo Onesti refinery to Calder-A International, which is registered in the Netherlands, for the sum of 44 million dollars (35 mi...
Marriott shareholders borrow 111m euros from Erste to pay debts
The shareholders of the company that owns the biggest hotel in Romania, JW Marriott in Bucharest, want to take out a 111.2 million euro loan from Erste Austria, the new owner of Banca Comerc...
7bn-euro foreign debts for banks
Banks have come to count on foreign financing to an unprecedented extent, reaching a level close to seven billion euros in late September, while foreign assets barely reached one billion eur...