arrears

Romanian State-Owned Companies To Crack Down On Debtors

12:50, 15 Mai 2011
The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrears.

Romanian Govt Won’t Privatize Airline Tarom – Sources

17:32, 08 Mai 2011
The Romanian Government states, in the new letter of intent to the IMF, its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes, while its plan for airline Tarom is to sell only a minority package, people close to the matter told MEDIAFAX.

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.

Romania Must Improve Tax Collections, Slash Arrears, Costs To Lower Deficit – IMF

15:47, 26 Mart. 2011
Continued efforts to improve tax collections, tackling expenditure pressures, particularly in the health sector, and reducing arrears will be crucial to sustain the Romanian budget deficit's reduction, said the International Monetary Fund (IMF).

Romanian PM Asks Cabinet For Solutions To State-Run Cos’ Arrears – Sources

20:25, 09 Feb. 2011
Romanian Prime Minister Emil Boc gave the ministers of Finance, Transports, Economy and Justice, as well as the president of revenue service ANAF, one week to find ways to reduce the arrears of state-owned companies.

IMF Board OKs Romania’s Request For New Waiver On Govt Arrears

11:59, 08 Ian. 2011
The International Monetary Fund Board approved Romania’s request for a new waiver of non-observance in the government arrears sector for end-December, the IMF said in a press release.

Romanian Ctrl Bank Governor Says Arrears Worse Than Large Deficits

14:34, 13 Nov. 2010
Arrears are one of the reasons why Romania is in recession and has a high inflation rate and the chain of overdue payments is more dangerous than large deficits, central bank governor Mugur Isarescu said Saturday.

Romanian Ctrl Bk Calls On Government To Pay Its Debts

13:55, 12 Nov. 2010
Romanian central bank governor Mugur Isarescu on Friday called on the Government to resolve the general arrears issue and give a positive example to all taxpayers.

IMF: Arrears Of Romania’s 10 Biggest Money-Losing Cos At RON7B

17:59, 01 Nov. 2010
Romania’s top ten money-bleeding state companies have combined arrears worth 7 billion lei (EUR1=4.2771), an official of the International Monetary Fund said Monday.

Romanian Govt To Compel Local Authorities To Take Over Arrear Payments – Sources

20:58, 29 Oct. 2010
The Romanian Government will compel local authorities starting next year to include arrear payments in their budgets and halt spending until they pay off overdue debts, people close to the matter told MEDIAFAX Friday evening.

IMF: Romania To Ask For New Waiver On Govt Arrears

19:33, 29 Oct. 2010
Romania hasn’t met the end-September performance criteria in the sector of general government arrears and it will ask the International Monetary Fund for a new waiver of non-observance, IMF mission chief Jeffrey Franks said Friday.

Romania Must Cut Arrears To Get New IMF Aid – Sources

14:50, 29 Oct. 2010
The International Monetary Fund is likely to ask Romanian government to pay at least part of its arrears to companies before disbursing a new installment of its EUR13 billion loan, people familiar with the matter said Friday.

IMF Worried About Romania’s Govt Arrears – IMF Official

14:39, 04 Sept. 2010
The International Monetary Fund is worried regarding Romania’s government arrears, which also affect the private sector and the country’s economy, Jeffrey Franks, IMF mission chief to Romania, said Saturday.

Romania’s June Arrears At RON2B, Double The Agreed Target

19:42, 04 Aug. 2010
Romania's government arrears stood at 2 billion lei (EUR1=RON4.2527) at the end of June, almost double compared with the target agreed with the International Monetary Fund, of RON1.09 billion, according to an official document obtained by MEDIAFAX.

Romania Asks IMF For New Waiver On Govt Arrears – Fin Min

13:55, 28 Iul. 2010
Romania hasn’t met the first half-year performance criteria in the sector of general government arrears and it will ask the International Monetary Fund for a new waiver of non-observance, Finance Minister Sebastian Vladescu said Wednesday.

Romania May Ask IMF For New Waiver On Govt Arrears At Next Review

15:23, 29 Iun. 2010
Romania hasn’t met the first half-year performance criteria in the sector of general government arrears and it could ask the International Monetary Fund for a new waiver of non-observance, Finance Minister Sebastian Vladescu said Tuesday.

Romania Pledges Cos Under IMF Monitoring Will Cut Arrears By 2.5%

23:59, 10 Mai 2010
Romania’s Government pledged during negotiations with the International Monetary Fund and the European Commission that each of the ten state-owned companies under monitoring will reduce arrears by 2.5% each quarter, starting with July-September period.

Romania To Ask IMF For New Waiver On Govt Arrears

12:20, 10 Mai 2010
Romania hasn’t met the first-quarter performance criteria in the sector of general government arrears and will ask the International Monetary Fund for a new waiver of non-observance, IMF mission head Jeffrey Franks said Monday.

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 To Ask IMF For Third Waiver On Govt Arrears – Sources

14:05, 27 Apr. 2010
Romania’s Government is planning to ask the International Monetary Fund for a new waiver of non-observance pertaining to the first-quarter performance criteria in the sector of general government arrears, government sources said Tuesday.

IMF Puts Off To April 2011 Romania’s Deadline To Cancel Arrears

12:52, 27 Ian. 2010
The International Monetary Fund has extended the deadline by which Romania must eliminate the government arrears until April 2011, due to a difficult monitoring of the local debt, IMF mission head Jeffrey Franks said Wednesday.

Romania Sept Arrears Down To RON1.34B, Still Exceed IMF Criteria

13:32, 09 Dec. 2009
Romania’s arrears decreased by 205 million lei (EUR1=RON4.2373) to RON1.338 billion in the June-September period, Finance Ministry state secretary Gheorghe Gherghina told MEDIAFAX Wednesday.