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Searching for the real Daewoo
Starting this autumn, the Daewoo cars from the Matiz or Nubira ranges that are not manufactured at the Craiova-based plant, but imported from Asia, are likely to be sold on the Romanian mark...
Government mulling single 18% income tax for natural persons
The Government is planning to introduce a single global income tax for the natural persons. Most likely, this quota will amount to 18%, according to government sources. Taxation levels are n...
State guarantees for Transelectrica
The Ministry of Public Finances will guarantee a 25 million-euro loan to be granted by Nordic Investment Bank to Romanian electricity carrier Transelectrica. The loan is destined to finance...
Petrom: $10m for quality
SNP (National Oil Company) Petrom on Wednesday received from the US Trade and Development Agency (USTDA) a $264,000 grant for drafting a feasibility study that precedes a 10 million-dollar i...
Suitors for Banca tiriac
German group HVB, Italy's UniCredito and the National Bank of Greece - these are just some of the big names interested in taking over the main stake in Banca tiriac. According to banking sou...
SAB pays $0.9 million for delisting
SAB Miller, the world's second-largest brewer, is willing to pay almost 900,000 dollars to see its Romanian unit (CBR) delisted from Rasdaq electronic stock exchange. SAB plans to buy all 10...
NBR victory: slight increase for deposit rates
National Bank officials can be at least partially satisfied. Only several days after the warning launched by the central bank (pointing to the much too low ROL-denominated deposit interests)...
Electroputere preparing for GM
Electroputere Craiova, a producer of electrical engines, generators and transfomers should be split, as this may be the only way for at least part of the company to be privatised this year....
Miracle cure for state budget problems: crusade against $2-4bn tax evasion
The authorities seem to have found a miracle cure for the problems plaguing the state budget. The solution could feed money into the budget, in order to sustain a cut in salary taxes, solve...