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Finance Ministry and National Bank decide to slash four zeroes from ROL's tail
Four zeroes will be slashed from the ROL's tail next spring. Consequently, the current 10,000 ROL bill will metamorphose into a 1 ROL coin, which can only be found in the safes of commercial...
Rating upgrade from Eximbank and OECD
Eximbank - US and the Organisation for Economic Co-operation and Development (OECD) have upgraded Romania's rating from 5 to 4, Jonathan Marks, the US Embassy commercial attaché in Bucharest...
Finance Ministry gets income info from employers
The Exchequer is getting ready to update its database of information about the incomes made by taxpayers in 2003 and subject to global taxation under the law. The individual taxpayers have u...
Landini expects 70m euros from Tractorul
Italian group Landini expects turnover worth 70m euros from the Tractorul Brasov plants, which it took over from the Romanian State at the end of last year. The company is in advanced talks...
Labelon makes 5.8m euros from labels
The first thing anyone buying a piece of clothing does is look at the label. Who made that item, how much it is, how it is supposed to be washed are just a few of the pieces of information w...
Fiscal Procedure Code from day one
The Fiscal Procedure Code will be endorsed during the Government's session today by an emergency ordinance issued under the law enabling the Government to resort to such steps and will enfor...
Three state-owned enterprises exempt from budget dues
The National Railway Company (CFR) SA, and the companies CFR Calatori SA (railway transport of passengers) and Metrorex SA (subway transportation) will be exempt from paying some of their bu...
BCR to raise $250m from foreign markets
The Romanian Commercial Bank (BCR) is planning to borrow over $250 million next year from the foreign markets, a rather considerable amount for a Romanian bank. BCR officials have appointed...
Insurers collect 91bn ROL from farming
The total premiums collected by insurers from selling farming insurance policies amount to 91bn ROL for the 2002-2003 farming year, the data supplied by the Ministry of Agriculture, Forests,...