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Flat tax project still shrouded in mystery
Finance minister Mihai Tanasescu is not giving up on the flat tax, but cannot say exactly when this measure is going to be enforced. At the same time, PSD (Social Democrat Party) officials a...
Diana Forest still in the red
Bacau-based Diana Forest, which operates in the wood processing industry, posted 6m euro sales in the first half, almost double as compared with the entire year 2002, after having increased...
Petromidia debt issue still unsolved
Swapping at least part of Petromidia's debts to the general consolidated budget for equity is merely a theoretical solution, which the Finance Ministry does not seem very eager to apply, gov...
Investors, not tourists still going to the seaside this year
For many years, July, along with August, has been the month in highest demand from tourists wanting to go to the seaside. But only until this year. There never were so many seaside hotels cl...
Fourth tranche is here. Reform still to come
Romania has finally applied the reform measures needed to get a new tranche of the stand-by loan agreement concluded with the International Monetary Fund (IMF).Among the most significant mea...
Bulgaria still ahead of Romania
Romania will not see an improvement in its investment risk rating unless the macroeconomic stabilisation policies and structural reforms are conducted more rigorously, the analysts of Americ...
Twelve years of privatisation later, the state is still the business leader
After twelve years of privatisation, with some of the deals even hailed as historical, the state-owned economy has managed to stay afloat and even tower over the biggest Romanian businesses....
Romanian banking system still weak
Romanian banking system still weak
Romanian banking system still weak
Romania, the second largest country in the region after Poland, ranks last as for banking development, the share of banking assets in the GDP and the volume of credits granted in the real ec...