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Liviu Nistoran: from GlobalNET to real estate
Residential neighbourhoods are all the rage. Investments in Romanian real estate are also trendy. At least this is the opinion of Liviu Nistoran, the businessman who feels that his money wil...
Flat tax gets lost on the way from Government to Parliament
Despite all the commotion sparked last month by the Finance Ministry, the flat tax is no longer mentioned in the Fiscal Code bill, which is to be debated by Parliament. The Ministry of Publi...
Better bond rating from CSA
Insurance companies will be allowed to invest up to 60% of their technical reserves in bonds issued by the local public authorities instead of the previous 25%. This is what the Insurance Su...
Govt. pushes for good grade from EU
Romania will "aggressively lobby" over the next two weeks to make the European Commission grant Romania a good grade and the market economy status in its country report due out on November 5...
Govt. wants 2bn euros from EIB
The Government will submit to the European Investment Bank (EIB) a two-billion euro project portfolio, set to be included in a three or four-year strategy, Public Finance minister Mihai Tana...
Rating upgrade from S&P
Standard & Poor's Ratings Services on Wednesday said it raised its long-term foreign currency ratings on Romania to 'BB' from 'BB minus', and its long-term local currency ratings to 'BB plus...
Aggressive ad campaign from Flanco
Flanco, one of the main electronics and home appliances retailer in Romania, is ready to invest several million euros in the most aggressive advertising campaign it has ever developed. "Flan...
Budget to get more revenues from indirect taxation
The Government expects revenues to the state budget to amount to 246,000 billion ROL this year, up 5,300 billion ROL from the original estimates. According to the rectified budget, the incre...
Romanians in a rush to break away from public heating system
The Romanians are afraid of the gigacalorie supplied by RADET (the national heating provider), as the company makes the consumers pay for the power leaks in the network, so that increasingly...