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Tax rules for property transactions reach their final form at last
The long-awaited enforcement guidelines for the tax on real estate transactions, the absence of which has frozen the market, have reached the Finance Ministry in their final version. The dec...
OMV in negotiations with unions for lay-offs at Petrom
Austrian fuels group OMV, the majority shareholder in Petrom, has begun analysing the structure of the Romanian company with a view to deciding how many and which employees it will lay off....
Govt pushes for listing of 94 companies
The government is pushing to have no less than 94 of the companies in which it holds stakes listed on the Bucharest Stock Exchange by selling share packages of 5% in each to investors on the...
Contenders bid for land Montupet gave up
Four foreign companies - one from India, two from Germany, one from Austria - have made known their intention to invest in the land in Cluj rejected by French firm Montupet prior to withdraw...
Petrom to have budget for foreign acquisitions
Petrom, the largest oil company in Romania, is to have a budget for acquisitions on foreign markets, including Serbia and Bulgaria, Wolfgang Ruttenstorfer, chairman of Austrian group OMV, th...
Romanian beer market too crowded for Royal Unibrew
The fierce competition on the Romanian beer market, where four of the worlda??s top five brewers are battling for supremacy, is forcing Danish brewer Royal Unibrew to keep its distance for t...
Terapia allocates 750,000 euros for research
Terapia Cluj-Napoca pharmaceutical company will invest 750,000 euros in a bio-equivalence centre to be finalised by mid this month. The investment will allow the company to double its bio-eq...
0.5m euro losses for Lafarge Agregate si Betoane
Lafarge Agregate si Betoane (aggregates and concrete) reported losses of around 500,000 euros (18.2bn ROL) for the first quarter of this year, while the company''s sales totalled about 1.35...
Flamingo puts up for sale 20% of its shares in view of floatation
IT equipment retailer and dealer Flamingo will start the necessary procedures next week in view of listing on the Bucharest Stock Exchange through an initial public offering that can reach a...