by
612 articole · RSS
Central Bank raises intervention rate to 20.25%, takes market by surprise
The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...
EBRD may by 15% stake in Banca Romaneasca
Banca Romaneasca (Romanian Bank) has caught the eye of the European Bank for Reconstruction and Development (EBRD), as the international institution announced it would debate the proposition...
Domestic gas suppliers see privatisation by March 2004
The privatisation of the two large gas suppliers in Romania, Distrigaz Sud and Distrigaz Nord, will be completed by March 31, 2004, three months after the initial deadline, just as it happen...
Flat tax, long awaited by foreign investors, opposed by trade unions
Romania is sitting on a project that may finally lead to a significant cut in the infamous red tape. This project can give Romania more leverage in the competition with the neighbouring coun...
Famos hit by recession
Harghita-based Famos, a maker of furniture and wooden panels, which it exports, concluded first half with poorer results than last year due to the recession in Western Europe. The H1 turnove...
$65m illegally wired out by Arabs
General Police Inspectorate on Tuesday announced a group of Arabs that controlled more than 89 companies had illegally transferred over $62 million and nearly 3 million euros from Romania to...
Aker Braila hurt by lack of orders
The lack of contracts has pushed Aker Braila shipyard turnover down 18% in H1 from the year-ago period. The shipyard posted 252bn ROL ($7.5m) sales in H1, as compared with 305bn ROL turnover...
Single tax quota officially confirmed for debate by Government today
The fiscal revolution anticipated by Ziarul Financiar last month is about to happen: Finance minister Mihai Tanasescu has officially confirmed the information initially released by governmen...
Romcarbon overwhelmed by demand
Romcarbon Buzau, the only Romanian gas masks producer, doubled its profit in the first half this year, as compared with the same time last year. The company was unable to take advantage of t...