debt

Romanian CNH Debt To Budget Widens To RON4.6B In 1H

18:31, 11 Aug. 2011
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority ANAF said Wednesday.

Rompetrol Talks State Debt With Romanian Authorities

11:54, 20 Dec. 2010
Rompetrol is holding talks with Romania’s Finance Ministry for a solution to the group’s historic state debt, since Romanian and Kazakh presidents Traian Basescu and Nursultan Nazarbayev agreed the issue would be solved amiably, the oil company said in a statement.

Romanian, Kazakh Presidents Set Up Jan Talks For Rompetrol Debt

10:20, 09 Dec. 2010
Romanian President Traian Basescu said Wednesday a Kazakh delegation will arrive in Bucharest in January to discuss the debt owed by oil company Rompetrol.

Romania Ctrl Bk Gov: Foreign Debt Caused By Population Overborrowing, Not Banks

13:29, 24 Nov. 2010
Romanian central bank governor Mugur Isarescu Wednesday defended local creditors, saying the lenders only attracted external financing to respond to consumer overborrowing.

Rompetrol Needs Not Pay Its Debt To Romania – Ex-Owner

16:00, 05 Oct. 2010
Businessman Dinu Patriciu on Tuesday said oil company Rompetrol, owned by Kazakh KazMunayGas, has the contract-stated right not to pay the debt claimed by the Romanian state.

Romania Will Appeal Rompetrol’s Actions In Court – PM

11:52, 01 Oct. 2010
Romania will appeal in court oil company Rompetrol’s actions that do not comply with the law and will recover the debts by court orders, Prime Minister Emil Boc said Friday.

Romania Fiscal Auth Says Rompetrol Must Fully Repay State Debt

19:25, 13 Sept. 2010
Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) must fully repay its historic debt to the state after the company expressed its intent to buy back bond debt before the September 30 deadline, the fiscal authority ANAF said in a statement Monday.

Romania Fin Ministry To Refinance Local Debt Worth RON17B In 2011 – Survey

13:12, 07 Sept. 2010
Romania's Finance Ministry will have to refinance local debt worth 17 billion lei (EUR1=RON4.2915) in 2011, according to a survey from ING Bank released Tuesday.

KazMunayGas May Use Preemption Right Over Possible Romanian Stake In Rompetrol

13:54, 13 Iul. 2010
Kazakhstan’s KazMunayGas, owner of Rompetrol group, could buy back any shares Romania might take over in oil refinery Rompetrol Rafinare (RRC.RO) if the former is not able to fully repay its debt to the country, the head of Rompetrol said Tuesday.

Chelsea London Wants Striker Mutu Suspended Indefinitely Over EUR17M Debt

10:40, 13 Iul. 2010
Chelsea London has called on FIFA to suspend Fiorentina’s Romanian striker Adrian Mutu until he pays the London club EUR17 million damages for testing positive for cocaine in 2004, the Italian media reported Tuesday.

Romanian Astra Vagoane Calatori Threatens CFR Calatori With Insolvency Over RON31.6M Debt

14:16, 11 Iun. 2010
Romanian railway equipment maker Astra Vagoane Calatori summoned state-owned passenger railway company CFR Calatori to pay debts amounting to 31.61 million lei (EUR1=RON4.2163), threatening to file for the latter’s insolvency.

Romanian CFR Marfa Loses RON22.5M Contract Over Budget Debt

13:48, 31 Mai 2010
Romanian railway freight transporter CFR Marfa lost a contract worth 22.5 million lei (EUR1=RON4.1623), VAT excluded, for coal transport with local coal company CNH, because it had debts to the state budget.

KazMunayGas Unable To Pay RON2.4B Debt To Romania’s Budget

13:37, 29 Apr. 2010
Kazakh company KazMunayGas, which owns Romanian oil group Rompetrol, won't be able to pay its entire debt towards the Romanian budget, one of the solutions being to reschedule the debt over the next three to four years, Rompetrol CFO Dimitri Grigoriev said Thursday.

Bucharest City Hall To Partially Cover RADET Debt To EIB, CEDB

11:57, 14 Apr. 2010
The loans contracted by Bucharest household heating supplier RADET in 1997 and 1998, worth a total EUR45 million, will be partially reimbursed by City Hall, since the company lacks funds.

Romanian Commercial Debt To Grow 10% In ’10, To EUR1.1B – Collectors

14:23, 25 Mart. 2010
The value of commercial debts will gain 10% this year, from EUR1.1 billion in 2009, with the highest impact segments including the residential segment, construction, transports, textiles, retail and distribution according to forecasts from the Romanian Commercial Debt Management Association (AMCC).

Romanian Airline Op Carpatair Demands Blue Air Bankruptcy Over Debt

15:42, 19 Mart. 2010
Romanian airline company Carpatair demanded in the Bucharest Court the bankruptcy of low-cost operator Blue Air, claiming a EUR30,000 unpaid debt due last September, an obligation that Blue Air refuses to acknowledge.

Romanian Government Set To Reduce Fiscal Red Tape For Companies

14:16, 11 Mart. 2010
The Romanian Government will allow companies to pay the bulk of debts to the state budget, and not just the penalties connected to the debt, and will reduce the number of required monthly fiscal statements, said Romanian Prime Minister Emil Boc.

Romanian Footballer Mutu’s EUR10M Fortune Not Enough To Cover Debt To Chelsea

14:27, 31 Iul. 2009
Romanian footballer Adrian Mutu doesn’t have enough money to pay a EUR17 million debt to Chelsea because his fortune is estimated at just EUR10 million.

Romania To Pay EUR48M Debt To U.S. Constructor Bechtel In July

15:56, 05 Iul. 2009
Romanian Prime Minister Emil Boc said Sunday the government will pay a EUR48 million debt to U.S. constructor Bechtel in July, for unpaid expenses for works on Transylvania Highway.

Romanian 1Q Overdue Loans At RON4.46B, Up 56% From End-08

20:27, 27 Apr. 2009
Romanian overdue loans rose to 4.46 billion lei (EUR1=RON4.2218) at the end of the first quarter, 55.9% higher than RON2.86 billion at the end of December 2008, according to data published Monday by the central bank.

Romanian State To Pay Iraqi Debt To 25 Cos In Installments Over 20 Yrs

19:33, 11 Dec. 2008
A total number of 25 Romanian companies with business sin Iraq in the ‘80s, including car maker Dacia, lender BCR and oil company Rompetrol, will receive a total sum of $112.4 million from the state, money owed by the Arab state. The sums will be paid over 20 years.

Erste CEO Welcomes Romanian Ctrl Bk New Household Lending Rules

15:10, 30 Iul. 2008
The new regulations on household lending proposed by the Romanian central bank are welcome, since there are banks in Romania that act in “an almost reckless” fashion chasing bigger market shares, Erste Bank CEO Andreas Treichl said Wednesday.

Private Lending In Romania Grows At Risky Pace – Ctrl Bker

15:48, 27 Iun. 2008
Consumer lending in Romania is growing at such a fast pace that it entails high risks for banks and macroeconomic stability, Romanian central bank governor Mugur Isarescu said Friday in a seminar.

Romanian Chamber Speaker Addresses US $830,000 Debt Matter

14:02, 19 Mart. 2008
Romanian Chamber Speaker Bogdan Olteanu sent two letters, one to finance minister Varujan Vosganian, and another to privatization agency president Teodor Atanasiu, asking them to recover the external public debt of $830,000 caused by the companies backed by former prime minister Theodor Stolojan.

Romanian Deputies Reject Draft Law On $830,000 Loan Refund To USA

17:08, 18 Mart. 2008
Romania’s Chamber of Deputies Tuesday rejected the draft law on refunding a loan of $830,000 the US government granted to the Romanian government, led by Theodor Stolojan during October 1991 - November 1992, to buy cotton fiber.