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New eurobond issue hailed as good deal for Romania
Romania is bracing for the lowest yield ever obtained for a loan contracted from the foreign capital markets - around 6% annually, in euros. The four banks mandated to handle the eurobond is...
Lower VAT for drugs and social housing
Certain goods and services might see a lower VAT quota as of next year, Mihai Hura, deputy director general within the Finance Ministry yesterday said. "The low quota will almost certainly b...
Half-year profits in five months for SIF
Four of the financial investment companies (SIF) posted five-month profits far higher than of half of the full-year estimates in their S&R budgets. The fifth of them, SIF Moldova, lagged beh...
Universul printery for sale for $3m
Universul Bucharest printery was put up for sale by its majority shareholders, three individuals, through a public offering worth approximately $3 million on RASDAQ. The stake offered accoun...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
Increasing rates for ROL deposits
Got ROL and no idea what to do with them? Well, take them to the bank! Particularly because there is good news. The rates for the banking deposits in ROL have started to go up again. Rather...
Interests for payments in instalments
The privatisation contracts in the portfolio of the Ministry of Economy and Trade stipulating the stake purchased may be paid for in instalments will include a provision on charging interest...
Higher budget deficit for the sake of highways
Romania will try to get the International Monetary Fund (IMF) to agree with an increase in the general consolidated budget deficit scheduled for next year to 3.7% of GDP, one percentage poin...
No VAT for SAPARD imports
Imports of goods funded by non-repayable loans and used within SAPARD projects are VAT exempt, the SAPARD Agency announces. The imports of goods directly financed through non-repayable loans...