debts

Romanian Railway Operator CFR Has Until Yearend To Pay Debts Without Added Penalties

17:39, 10 Feb. 2012
Romanian state-owned railway operators owe energy suppliers 1.2 billion lei (EUR275.6 million), and the Government allotted RON400 million at the end of 2011 to pay overdue bills, former Transport Minister Anca Boagiu said Friday.

Romanian Tax Authority To Write Off Contributors’ Penalties If They Pay Debts By Yearend

19:23, 09 Oct. 2011
Romanian fiscal authority ANAF will write off individuals’ and companies’ debt penalties if they pay off debts and interest on overdue taxes by the end of the year, according to a Finance Ministry order.

EXCLUSIVE: Romanian Govt Arrears Almost Eliminated, Focus Moves To Cos’ Debts – IMF Official

16:44, 26 Mart. 2011
Romania's government arrears have been almost eliminated and the law now allows tighter local control, so the next issue will be the debts of state-owned companies, said IMF mission chief Jeffrey Franks.

Romanian Cos May Pay Debts To State In Installments Over Five Years

14:46, 23 Feb. 2011
Romanian companies will be able to pay their debts to the state in installments over five years, without overdue penalties, as per a facility to be introduced through a government ordinance, said tax authority ANAF official Mihai Gogancea-Vatasoiu.

Romania Plans To Write Off Debts Of Defense Industry Cos

13:22, 13 Feb. 2011
Romania plans to write off debts of 1 billion lei (EUR1=RON4.2649) of companies in the defense industry, citing a EU norm which allows the protection of the national military interest and arguing that foreclosing their assets would impact defense capabilities.

Monitored Romanian Cos’ Budget Debts Up 34% In 2010, At RON6.86B

14:38, 03 Feb. 2011
The debts to the state budget of the Romanian state-run companies monitored by the International Monetary Fund rose 34% in 2010, at 6.86 billion lei (EUR1=RON4.2609), with the highest debtor remaining hard coal mining company CNH, followed by railway company CFR.

Romanian Employers Propose Measure Targeting Cos That Have State Budget Debts

13:02, 19 Dec. 2010
Romanian employer organizations UGIR-1903 and CONPIROM on Sunday presented a proposition which allows companies to pay their debts to the state budget in tranches in an interval of five years and implements a series of measures to support firms that do not register debts to the state budget.

Romanian State-Owned Railroad Cos Owed RON5.6B In Aug

18:11, 14 Oct. 2010
The state budget debts owed by the three Romanian state-owned railroad companies, CFR SA, CFR Marfa and CFR Calatori, cumulated 5.6 billion lei (EUR1=RON4.2765) at the end of August, while the overall loss reached RON721 million, according to local Transport Ministry data.

Romanian Health Min: State Will Pay Overdue Debts To Drugstores Countrywide By Yearend

15:38, 14 Oct. 2010
Romanian Health Minister Cseke Attila on Thursday said the state has paid almost EUR250 million in overdue debts to drugstores countrywide over the past few weeks, adding there are enough state budget funds to pay debts to all drugstores by the end of the year.

Romanian Transp Min’s Debts To Passenger Transporters Hit RON120M

13:33, 30 Sept. 2010
Romania’s Transport Ministry has a 120 million lei (EUR1=RON4.2719) debt to passenger transport firms, which represents overdue payments for ticket price subsidies granted to disadvantaged people.

Romanian Fiscal Authorities Impound Rompetrol Rafinare Assets Over Debt

09:09, 13 Sept. 2010
Romania’s fiscal authority ANAF impounded on September 10 the assets of Rompetrol Rafinare (RRC.RO), the refining unit of The Rompetrol Group, the company said in a press release Sunday.

Romanian Govt Allots RON500M To Pay State Companies’ Debts To Private Firms

19:42, 11 Aug. 2010
Romania’s Government will allot 1.9 billion lei (EUR1=RON4.2404) to pay the state’s healthcare debts and RON500 million to cover the debts of state companies to firms which are themselves indebted to the budget, Prime Minister Emil Boc said Wednesday.

Romania PM Says Govt Will Use Budget Revision Funds To Pay Some Of Its Largest Debts

14:33, 04 Aug. 2010
Romanian Prime Minister Emil Boc said Wednesday on public radio the Government will use funds earmarked at the budget revision due until August 20 in order to pay part of its largest debts, mainly debts amassed in the healthcare sector.

Romanian Govt To Revise Budget In August, Pay Hospitals’ Debts – Health Min

16:20, 09 Iul. 2010
Romania’s Health Minister, Cseke Attila, said Friday that the Government will likely do a budget revision in August, allotting EUR170 million to pay the debts of hospitals.

Romanian Govt Lends RON1.5B To Mayoralties To Pay Overdue Debts To Suppliers

11:18, 16 Iun. 2010
The Romanian Government will lend mayoralties up to 1.5 billion lei (EUR1=RON4.2322) in 2010, using privatization proceeds, which will allow mayoralties to pay debts due on December 31, 2009 to suppliers of public works and services.

Romania’s Overdue Debts To Bechtel Might Be Paid Off In Two Weeks – Transport Minister

17:42, 11 Mai 2010
Romania might pay off overdue debts to U.S. constructor Bechtel in two weeks, for works carried out on the Transylvania Highway, but the county lacks funds to continue works on the two highway sectors in Cluj county, northwestern Romania, Transport Minister Radu Berceanu said Tuesday.

Romania Forced To Contract New Loan In 2011 Unless It Cuts Wages, Pensions – President

19:08, 09 Mai 2010
Romanian President Traian Basescu said Sunday that if public salaries and pensions are not reduced, Romania will have to contract a new loan in 2011, which would simply “pawn” the future of the country and of millions of Romanians.

The State Needs To Urgently Pay Its Debts To Local Cos – Romanian Pres

20:46, 06 Mai 2010
Romanian President Traian Basescu said Thursday that the payment of debts owed by the state to companies is essential in encouraging the resumption of economic growth.

Romanian Institutions With Overdue Debts For More Than 90 Days To Enter Insolvency

12:54, 05 Mai 2010
Romanian administrative-territorial institutions that can no longer pay debts overdue by more than 90 days, which exceed 15% of the annual local budget, will undergo insolvency and will have to present plans for financial recovery and management reorganization.

Romania’s Government Arrears Rose To RON1.6-1.7B – Fin Minister

14:59, 02 Mai 2010
Romania’s Finance Minister Sebastian Vladescu said the state’s arrears rose to 1.6-1.7 billion lei (EUR1= RON4.1276), from RON1.5 billion at the end of 2009, adding that, should the country pay all its 2009 overdue debts, its investment potential would be considerably reduced.

Romania’s Econ Min Says Tax Auth Should Foreclose Debtors’ Assets

14:22, 22 Apr. 2010
Romania’s Economy Minister Adriean Videanu on Thursday said that the tax authority ANAF should foreclose the assets of some companies, as state-owned mining firm CNH, that would never pay their debts to the state budget, otherwise the respective debts will never be recovered.

Romanian Cos Undergoing Insolvency Have Cumulated Debts Of EUR2.5B

13:34, 17 Mart. 2010
Romania’s 32,00 companies that started insolvency procedures last year have cumulated debts of EUR2.5 billion, of which only about 10% was recovered last year, said Wednesday Arin Stanescu, head of the country’s union of insolvency practitioners UNPIR.

Rompetrol Might Lack Funds To Repay Whole Debt To Romania

19:51, 05 Mart. 2010
Romanian government estimates the country's second largest oil group Rompetrol might not have sufficient funds to repay its entire debt to the state by the September deadline, due to liquidity shortage.

Romanian Insurers Owe EUR300M To Auto Repair Shops

17:52, 04 Feb. 2010
The delayed payments owed by Romanian insurers to auto repair shops currently cumulate EUR300 million, with an average debt of EUR100,000 per company, said Thursday Cristian Muntean, a manager of independent auto repair shop association ASSAI.

Romanian Cos May Reschedule State Debts, With Insurance Clauses – Sources

14:29, 21 Ian. 2010
Romania will introduce a rescheduling system for the fiscal debts amassed by companies, to support investors during the financial crisis, but it will also introduce insurance clauses to guarantee the debts payment, people close to the matter told MEDIAFAX Thursday.

Romanian Pharmacists On Go-Slow Strike Tuesday, Wednesday

09:35, 24 Nov. 2009
Romanian pharmacists will be on go-slow strike Tuesday and Wednesday in protest they did not receive the money from health insurance authorities for the medicines sold in the last five months, and ask the Government to find solutions.

Romanian Govt Only Pays Bills To Cos Sponsoring Their Campaign – Leftist Presidential Candidate

17:10, 07 Nov. 2009
Romanian social democrat presidential candidate Mircea Geoana Saturday accused the caretaker democrat liberal government of blackmailing companies by not paying off debts unless they give money to acting President Traian Basescu’s campaign.

Half Of Romanian Pharmacies Can’t Pay Debts To Medicine Suppliers, Budget

16:59, 28 Oct. 2009
About half of Romanian pharmacies risk not being able to pay their debts to medicine suppliers and the state budget by the end of the year, after the government gave health insurance houses six months to pay their bills instead of three, the Romanian Pharmacists’ College said Wednesday.

Romanian Govt Plans To Write Off RON536.4M Debts Of Thermal Pwr Plants

10:47, 16 Sept. 2009
The Romanian Government plans to write off debts accumulated by thermal power plants by June 30, 2009, totaling 536.4 million lei (EUR1= RON4.2673), including the fiscal obligations not paid for foreign loans taken with state guarantee, in order to ensure heat supply through the winter.

Romania Unable To Recover External Debts As Debtor States Refuse Negotiations – Govt Report

14:42, 02 Aug. 2009
Romania is having trouble recovering external debts from export operations unfolded before 1990, because some African countries face major economic problems while other states firmly refuse any debt payback negotiations.

Romanian Govt Mulls EC Approval To Cancel Debts Of Thermal Pwr Plants, Compensate Other Debts

16:16, 26 Iul. 2009
Romania’s Government wants to ask for the European Commission’s approval to cancel the debts accumulated by 35 thermal power plants until 2009, which exceed 1 billion lei (EUR1=RON4.2156), and to compensate their other debts and those of local transport companies up to a limit of RON185 million.

Romanian Govt To Write Off RON1.1B Debts Of Heating Plants – Min

18:29, 20 Iul. 2009
The Romanian Government will write off 1.1 billion lei (EUR1=RON4.2397) worth of debts of 35 thermal power plants that are under the subordination of city halls, in a three month period at most, minister of Administration and Interior Dan Nica said Monday.

Romanian CFR’s Debts To Pwr Suppliers Won’t Be Written Off – Econ Min Off

12:50, 25 Iun. 2009
Three Romanian ministers discussed Wednesday about state-owned railway company CFR’s debts towards power suppliers, and, even though no final decision was reached during the talks, the possibility write off the debts was excluded.

Two Sky Europe Planes Held On Bucharest’s Baneasa Airport Over Debts

12:21, 24 Iun. 2009
Two airplanes of low-cost airliner Sky Europe are being kept grounded on Bucharest international Baneasa airport over a debt of EUR529,000, Transport Ministry state secretary Marin Anton told MEDIAFAX Wednesday.

Medical Product Deliveries To Several Romanian Hospitals Cut Over Debts

12:02, 16 Iun. 2009
The Romanian Association of Medical Product Suppliers (AFPM) threatens to cut deliveries to several hospitals in the country, including Bucharest’s Colentina Hospital, because of their debts to member companies.

Romanian Railway Cos Risk Foreclosure For Pwr Debts – Transport Min

16:25, 30 Apr. 2009
The Romanian railway companies risk being foreclosed by power suppliers, who want to recover their debts totaling 1.2 billion lei (EUR1=RON4.1835), and are thus being endangered of losing railway stations or trains, Transport Minister Radu Berceanu said Thursday in a press conference.

Romanian Constructors Threaten To Sue Govt Over Unpaid Debts

13:56, 27 Mart. 2009
Romanian constructors might sue the government for overdue payments unless the authorities pay their debts to suppliers by the end of the month, officials of the country’s council for small and medium-sized enterprises (SMEs) said Friday.

Romanian PM Says Debt Funds Blocked By Secondary Ordinators

15:01, 22 Mart. 2009
Romanian Premier Emil Boc on Sunday requested prefects to present him by March 27 with a chart of payments made to companies for unbilled works in 2008, saying the government has information that the debts were unpaid by secondary credit ordinators.

Romanian Local Auth To Require Blocked Accounts For Electroputere Craiova Over EUR1M Debt

12:34, 06 Mart. 2009
The local tax department of the mayoralty in the Romanian southern city of Craiova said it would require the blocking of accounts for electrical equipment maker Electroputere Craiova unless it pays its EUR1 million debt to local authorities.

Romania’s Budgets Always Included Unpaid Bills Of Previous Year – Ex Fin Min

15:23, 01 Feb. 2009
The payment of bills left over from the previous financial year has always been a constant in Romania’s state budgets, said Sunday former finance minister Varujan Vosganian, adding the current government is partly to blame for the 2008 budget deficit, which doubled in December.