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Profit tax cuts yet to reach Romania
With a standard profit tax quota of 25%, the Romanian companies have to bear heavier fiscal burdens than the enterprises based in the neighbouring countries. For instance, the Hungarian Exch...
Major taxpayers owe $2.15bn to state budget
The total overdue debts to the state budget registered by the major taxpayers amount to 69,400bn ROL (some $2.15bn), state secretary within the Finance Ministry Neculae Plaiasu said. The Fin...
BSE and Rasdaq set to merge into single capital market
Although it sounded like a joke only several months ago, the merger between the two Romanian capital markets was yesterday confirmed through a merger project for the Bucharest Stock Exchange...
Rompetrol changes look and market strategy - from three oil pipelines to stylised flower
Starting today, Rompetrol, Romania's largest private oil group, is changing its "look" and the strategy aimed at the oil products distribution market. The company's rebranding process, worth...
Home insurance needs quake to get going
More than a year from the moment it was first launched, boosting the sales of earthquake insurance policies - by either fiscal stimulation, coercion or any other means, is still nothing more...
Labour minister yet to see unhappy employers
Labour Minister Marian S=rbu dismisses criticism from employers' associations against the Labour Code. He argues the employers he has met so far told him they were not having too much troubl...
Impact expands to Europe
Impact real estate developer is planning to expand its operations abroad, with Serbia as the main target, Chairman Dan Ioan Popp said. "We want to expand our operations by building residenti...
Banks may own up to 100% in insurers
The stakes held by banks in insurance companies will be possible to reach as high as 100% of the latter's capital, as long as they keep within 60% of the bank's equity, according to the law...
BSE and RASDAQ to present merger project
The management of the Bucharest Stock Exchange (BSE) and of the RASDAQ Electronic Market will present a joint position on the merger of the two stock markets in Romania tomorrow. The idea of...