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Fiscal Code comes with deductions
The Fiscal Code draft to be enforced as of next year keeps a number of incentives and introduces a series of additional deductibilities for the profit tax payment, VAT cuts for medicines and...
RIC left with Compa and BTR only
One of the leading foreign investment funds on the Romanian market will cease its operations in late November this year. It is about Romanian Investment Company (RIC) established in 1997 in...
PKN wants to team up with MOL
Polish PKN Orlen may enter the race for SNP Petrom's privatisation by submitting an offer together with Hungary's MOL, Warsaw Business Journal reports, quoting the online financial publicati...
Electrica negotiates $36m loan with ING Bank
Electrica, Romania's second-largest company, will shortly contract a ROL-denominated loan from ING Bank Romania, worth the equivalent of approximately 36 million dollars, sources from the po...
Romanian constructors team up with foreign companies
For years on end, Romanian constructions companies have been waiting for large projects. But there was no money. Now, money is coming, but it is European money. And since European constructo...
Sindan in turnover boosting deal with Baxter
Cancer drugs maker and distributor Sindan has concluded a partnership with one of the world's biggest pharmaceutical groups Baxter (US), which could boost its exports and turnover by tens of...
Minister Popescu unaware of any energy issues with IMF
In spite of the statements made by Finance minister Mihai Tanasescu, who said the utility bill collection remained one of the top issues on the list of the talks with the IMF, the Economy an...
Negotiations over $4bn contracts with American partners
The Ministry of Transports, Constructions and Tourism (MTCT) could sign approximately $4bn contracts with US-based Bechtel and Washington Investment Group in order to carry out infrastructur...
Agriculture profit only comes with large farms
Is it still possible to make profit from farming? Yes. But only if the farm is large enough to benefit from additional support from the State, which has decided to start an extensive campaig...