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Arctic to cut costs the Japanese way
Arctic to cut costs the Japanese way
National Bank ties rate drop to inflation cut down to 6%
National Bank ties rate drop to inflation cut down to 6%
Nastase lobbies for quicker CAS cut
Prime Minister Adrian Nastase has said that he is in favour of a faster reduction in the social security contributions (CAS), which should go down to approximately 40-42% of the gross salary...
IMF pushes for current account deficit cut
The International Monetary Fund feels that Romania cannot afford a current account deficit exceeding 5.2% of the Gross Domestic Product in 2004, given this year's estimated record of 6.5%. T...
Mutual funds cut fees to boost market share
The interest rate cuts and the fiercer competition on the market of mutual funds are making increasingly more fund managers start thinking about cutting the fees levied for redemption and mo...
Companies likely to get tax cut for stock and real estate transactions
The companies that will post profit after selling shares, investment fund units or real estate will have to pay only 10% tax for the respective gains, as of next year. If the sale does not y...
Finance Ministry keeps promise, announces 3% social security contribution cut
The social security contributions (CAS), the millstone of the Romanian taxation system, will go down by three percent to 49.5%, as of next year. The decrease solely concerns employers, which...
Capital cut for P&G Romania
Procter & Gamble Romania diminished its share capital by 60 billion ROL (1.8 million dollars) to 6.72 billion ROL (204,000 dollars). The decision was issued by the company's sole shareholder...
Cable TV operators want tax cut
The domestic cable TV industry will not be able to attract any strategic investors as long as the legislation (Law 8/1996) allows for 13% of the gross revenues made by operators to be transf...