VAT payments

Ostahie asks for 2m-euro VAT payments to be deferred by six months

Dan Ostahie, owner of home appliances and electronics retailer Altex, which saw a 50% turnover fall to 180 million euros in 2009, said he had requested the payment of VAT due for December, worth 9 million RON (around 2.2 million euros), to be postponed by six...