again?
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COST once again misses out on H1 profit
COST once again misses out on H1 profit
Terapia management changes. Again
Marius Chereches, deputy general manager of Terapia Cluj, will step down from his position at Romania's second-largest drugmaker to become general manager of another pharmaceutical company....
Ion Iliescu ends talks of flat tax. Again
The introduction of a flat tax for the incomes earned by individuals will not happen this year, but the current taxation system may be modified by reducing the number of income categories fr...
Finance Minister dangles tax carrot again
Finance minister Mihai Tanasescu has resumed promises about continuing the reduce the social security contributions (CAS) by three percentage points as of 2005, as well as the profit tax to...
FX/interest risks are daunting again
The interest risk and especially the foreign exchange risk are the main risks the Romanian banking system is facing now and will keep facing in the future, a survey of the National Bank of R...
Citibank changes Romanian head again
Citibank Romania's new CEO as of January 1, 2004 is Witold Zielinski, who replaces Tirad Mahmoud. Mahmoud left the American group to work for Saudi SAMBA Group. Zielinski is a Polish citizen...
BCR eyed by ING and HVB again?
The Romanian market, even though no longer offering the yields of the previous years, is still looking good to international banking groups. Especially where retail is concerned. A proof to...
Foreign currency in favour again
Lending for companies and individuals did not slow down in October, maintaining a 5.7% monthly growth pace. The real growth in the first ten months of the year was 38.3%, to 276,592bn ROL. A...
APAPS privatises Oltchim all over again
After two extensions of the bid submission deadline and a lawsuit from a potential buyer, the Privatisation Authority (APAPS) on Saturday decided to cancel the privatisation process for petr...