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No downturn for Turbomecanica
Aircraft engine and mechanical parts maker Turbomecanica Bucharest posted $10.42 million (338.45bn ROL) turnover in the first half, up 22% from the same time last year. Profit progressed at...
Debt-freezing vs. no new arrears
Public Finance minister Mihai Tanasescu on Tuesday said the Government was working with the IMF team on the project to restructure 91 state-run companies that would be granted aids from the...
No VAT for SAPARD imports
Imports of goods funded by non-repayable loans and used within SAPARD projects are VAT exempt, the SAPARD Agency announces. The imports of goods directly financed through non-repayable loans...
Exchange rate, no threat for inflation
The Governor of the National Bank of Romania (NBR), Mugur Isarescu, feels a higher appreciation of the single European currency against the dollar - even as high as to reach $1.2 for 1 euro,...
ROL decline no longer enough
Romania's exports are showing signs of fatigue. If mirrored in the euro, which reflects the only image that really matters here, the exports went down in April, compared with the same month...
EU slowdown, no excuse for Romanian exports to follow suit
Romania has no reason why it should not maintain the two-digit target for the annual growth of its exports, though its main trade partner, the European Union, is confronted with a weak econo...
Petrom grants no dividends, blames past losses from IAS regulations
For the first time in the past three years, Romania's largest company - SNP Petrom had to admit that last year's profit was not enough for the company to grant dividends to shareholders this...
Employee-less microenterprise? No way!
Have you set up a microenterprise but do not have at least one employee? This means you actually have no microenterprise and you should be paying profit tax. This is because the Law enacting...
Ana Imep: profit 20% up, no dividends
Ana Imep quote has gone down to 1,500 ROL over the last few days, after the General Meeting of Shareholders decided again not to grant dividends from last year's profit. Early in the year, t...