debts

Debts Of Former Govt Need To Be Paid, Thousands Of Cos Might Go Bankrupt – Romanian Deputy PM

Romanian deputy prime minister Dan Nica said Tuesday the Executive is making efforts to pay the debt of EUR2 billion in January and February, left by the former Government, adding the risk to cause tens of thousands of firms go bankrupt is real.

Bucharest Citizens Might Be Spared A Cold Winter As Heating Debts Could Be Covered

The director of Bucharest heating distributor RADET, Virgil Ramba, told MEDIAFAX that heating will not be cut in Bucharest this winter, as City Hall and the Government are currently “making efforts” to pay RADET’s debts to ELCEN, the country’s largest thermal energy producer.

Romanian AVAS Recovers RON72.58M Debts In 1H

Romanian Privatization Authority, or AVAS, recovered a total of 72.58 million lei (EUR1=RON3.5171) debts from banks, National Insurance Department or Ministry of Finance, the authority said Monday.

Romania’s CFR To Get Funds For Debt Payment If Ops Become Efficient–Econ Min

Romanian Economy Ministry said it could grant funds to Romania’s state-owned railway company Caile Ferate Romane SA, or CFR, to pay its debts worth 1 billion lei (EUR1= 3.5721) to electricity suppliers if the company pays its current debts and draws up a program for a more efficient activity.

If Debt-Free, Romania’s Coal Mining Co CNH Could Be Profitable – Fin Min

Romania’s coal mining company Compania Nationala a Huilei, or CNH, could switch to profit if it were debt-free, the minister of Economy and Finance Varujan Vosganian said Wednesday.

Romania May Reschedule CFR Debts To Pwr Suppliers For Repayment In 1 Yr- Sources

Romanian Ministries of Economy and Transports, plan, jointly with state and private power suppliers, to reschedule the 1 billion lei (EUR1=RON3.6139) debts of Romania’s state-owned railway company Caile Ferate Romane, or CFR, to energy suppliers, for payment in one year, sources said Friday.

Romania’s Electrica Might Exit Mkt On Lack Of Liquidities – Official

Romanian state-owned power grid Electrica SA has 710 million (EUR1=RON3.6435) debts to recover, out of which almost half from state-owned railway company Caile Ferate Romane, or CFR, and the company might exit the market on lack of liquidities, a company director, Ioan Silvas, said Wednesday.

Romanian Prv Auth To Takeover Protfolio Cos Debts

The Romanian privatization authority (AVAS) will take over total debts of RON36.6 million accumulated by 13 companies in the institution's portfolio to the State Reserve Administration, resulting from failures or delays in the payment of products.

Romania’s Banking Risk Ctrl Office Registered 882,500 Debtors In 1Q, Up 68% On Yr

Romania’s Banking Risk Central Office within the central bank registered 882,582 debtors end-March, up 68.19% compared to March 2007, with total debts reaching 186.2 billion lei (EUR1=RON3.6678), up 63.69% on the year.