Three-time Romanian champion Rapid Bucharest has been declared bankrupt by a Romanian court. The club, which has debts of 4 million euros ($4.48 million), filed for insolvency in 2012. Half of the debts are unpaid taxes. Rapid won three league titles, and 13 Romanian Cups, the last one in 2007. It reached the UEFA Cup…
DetailsSome 60,000 people are expected to declare their personal insolvency in Bucharest alone each year, according to estimates by the Bucharest Court, cited by local Profit.ro. The court has asked for more employees arguing that the judges will have to solve some 1.8 million cases of personal insolvency, representing appeals and other procedures related to…
DetailsWith Opa-lockas finances nearly drained and its government facing a state takeover, local officials acted swiftly to hire the man they said could help the city survive: former finance chief Ezekial Orji. They gave him an office at City Hall, a computer and a cadre of workers to help root out serious breakdowns in the…
Details2016-06-14T11:48+02:00 11:48 14.06.2016 KYIV. June 14 (Interfax-Ukraine) Representatives of some nongovernmental organizations in the healthcare sphere have said that consequent and systemic steps in reforming the healthcare system are required. “A single healthcare concept has not been drawn up in the past year. All proposed reforms do not meet the articles of the Constitution and…
DetailsThe Reserve Bank of India (RBI) relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans. Indian banks are grappling with about $120 billion in stressed loans, or 11.5% of the total, and RBI Governor Raghuram Rajan has…
DetailsThe Reserve Bank of India (RBI) relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans. Indian banks are grappling with about $120 billion in stressed loans, or 11.5 percent of the total, and RBI Governor Raghuram Rajan has set a deadline…
DetailsBy Suvashree Choudhury and Himank Sharma MUMBAI (Reuters) – The Reserve Bank of India (RBI) relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans. Indian banks are grappling with about $120 billion in stressed loans, or 11.5 percent of the…
DetailsWASHINGTON The Obama administration is trying to make it easier for students who have been misled or defrauded by their colleges to have their loans forgiven. The Education Department says a rule proposed Monday would lay out a clear relief process for borrowers who believe they were lied to about job prospects after college or…
DetailsMark Dwyer An application to put Cottage Wines Limited into liquidation will be heard in the High Court at New Plymouth on June 21. Another Taranaki fruit winery is at risk of going into liquidation after failing to pay tax. The New Zealand Customs Service has applied to put Cottage Wines Limited into liquidation over…
DetailsBy Reuters Published: 05:38 EST, 14 June 2016 | Updated: 05:38 EST, 14 June 2016 ATHENS, June 13 (Reuters) – Greece’s European partners should grant the country debt relief and lower its primary surplus targets, Greece’s central bank chief Yannis Stournaras wrote in the Financial Times. Stournaras said Greece had made significant fiscal progress, the…
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