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Labour Code up for modification
Employers' associations and unions have agreed to start talks on the modification of the Labour Code, following the meeting with Labour minister Marian S=rbu on Wednesday. "Every union organ...
ARDAF aims up high
The increase in the volume of gross premiums subscribed (to $40 million) and a higher market share (from the current 4% to 7%) are but two of the most important goals insurance company ARDAF...
Angst, up 17% in Q1
Charcuterie producer Angst Ro posted approximately four million dollar turnover in the first quarter of this year, about 17% more than in the same time last year. It has recently dedicated a...
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...
Insurance market up 28% in Q1
The insurance market has gained 28% in ROL in the first quarter, totalling 5,978bn ROL. If it keeps progressing as fast as it did in Q1, the companies could see revenues up to $580-$590 mill...
State budget deficit high up in March
The Romanian taxpayer has got tired of paying taxes in March. The Exchequer in its turn did a poor job of collecting its dues, in spite of all those measures meant to improve collection. Thi...
Cosse: Energy tariffs should go up
Electricity and natural gas tariffs in Romania should be set as high as to cover costs in the long run, while any social issues that may arise can be addressed by direct budgetary subsidisat...
Halewood drinks Cramele Prahova up
Halewood Romania Vinuri (Bucharest) today will put out a public takeover bid for 12% in winemaker Cramele Prahova Ploiesti, in order to turn it into a closed company. It offers 1,250 ROL for...
Consumer credit drives insurance up
The massive growth in sales of home appliances, furniture and homes in the instalments system is producing some "side effects", namely an increase in revenues for the insurance companies wor...