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December 7, 2022
BUSINESS

Romania had to recover debts worth USD 1.137 bln at 30 June 2012

At 30 June 2012, Romania had to recover debts worth almost USD 1.137 bln for the economic activities of export and other transactions conducted abroad before December 1989, with the highest sum due to be returned by Iraq (almost USD 888 M), government spokesman Andrei Zaharescu said Tuesday, at the conclusion of a Cabinet meeting, quoting a report presenting by the Ministry of Public Finance, HotNews.ro reports. “Romania must recover the highest sum from Iraq, respectively USD 878.5 M, which will is being repaid to the Romanian state between January 2009 and March 2028, in instalments, according to an accord signed in 2005 by the governments of the two countries. The sum of USD 241.3 M (approximately 21 pc) is represented by outstanding claims with Sudan, Libya, Nigeria, the Central African Republic, Somalia and Tanzania,” the government spokesman mentioned. As for other currencies, the MFP report reveals the existence of claims worth GBP 881,325 with Sudan and FRF 160,000 with Guinea.

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