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Social security contributions, to drop to 45.5% next year
Social security contributions, to drop to 45.5% next year
Broker Cluj records 27% drop in profit
The Cluj-based SSIF Broker securities firm on Monday reported a 27% fall in its gross income for the first half of the year, compared with the same period of last year. Broker is the only br...
CAS to drop again in 2007
"Social security contributions will continue to drop as of January 1, 2007 by two percentage points, to a total 45.5% after an identical cut operated in 2005, Finance Minister Sebastian Vlad...
Drop in transfers causes 120% surge in current account deficit
Romania''s current account deficit widened to EUR 627 million in February 2006, causing it to reach EUR 1.018 billion in the first two months of 2006, up 80% from EUR 564 million in the firs...
Bramac imports drop below 10% after plant opening
The representatives of Bramac, the Austrian producer of concrete tiles, for this year project a growth in turnover by 25% to 10 million euros. Bramac Sisteme de Invelitori, the domestic bran...
Stock Exchange drop affects mutual funds
The negative evolution of the Stock Exchange, as well as large capital inflows seen by the funds launched in the last few months significantly affected their performance. The equity fund BCR...
Bank Austria: FDI will drop
Foreign direct investments attracted by Romania will drop on medium term, as the privatisation process is drawing to a close, reveals a report issued by Bank Austria Creditanstalt (BA-CA). "...
Sharp drop in industrial output growth
Industrial output increased in 2005 by just 2% against a 6.3% output increase seen in 2004 as compared to 2003. Industrial output grew slightly in December last year, by 2.2% against the sam...
Two German firms drop out of race for Bucharest
The German energy producer E.ON, one of the largest groups in the world in the utility sector, has left the race to acquire the capital''s electricity distributor, the most valuable company...