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Disgruntled Petrom employees threaten to take Ministry of Economy to court
The authorities' method to privatise Romania's largest company, SNP (National Oil Company) Petrom is fiercely contested by the powerful association of the company's employees, led by Liviu L...
Lack of adequate support for flat tax
The hesitations of the Finance Ministry in promoting the flat income tax are showing, as 46.51 percent of those canvassed in a poll conducted by ConsoData market survey company prefer the pr...
Disgruntled Petrom employees threaten to take Ministry of Economy to court
The authorities' method to privatise Romania's largest company, SNP (National Oil Company) Petrom is fiercely contested by the powerful association of the company's employees, led by Liviu L...
National Bank of Greece ends seven-year waiting period, buys 82% in Banca Romaneasca
After tentative discussions that lasted more than one year, another major player on the Greek financial market - National Bank of Greece (NBG) has decided to increase exposure on the Romania...
Bankers reluctant to call sale of 25% in BCR to EBRD and IFC privatisation
The sale of 25% in the largest Romanian bank, Banca Comerciala Romana (Romanian Commercial Bank - BCR) to EBRD and IFC is met with reservations by bankers, as they feel the deal cannot be ca...
Incentives for sponsors of sports activities
The Fiscal Code draft, which is to come into effect on January 1st, 2004, includes a series of stipulations meant to ease up the attraction of additional financial sources for sports activit...
Rondocarton invests in spite of downturn
Cluj-based Rondocarton Company, a producer of corrugated cardboard packaging and plates, announced the opening of a new cardboard packaging production facility following investments worth 3...
Aker Braila hurt by lack of orders
The lack of contracts has pushed Aker Braila shipyard turnover down 18% in H1 from the year-ago period. The shipyard posted 252bn ROL ($7.5m) sales in H1, as compared with 305bn ROL turnover...
End of coupon age causes brokers to lose their jobs
The sale of shares distributed for free within the Mass Privatisation Programme (PPM) has been quite a profitable business for most of the brokers on the capital market for several years. Th...