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SIF law: two years of talks and no certainty yet
The raise of the maximum percentage an investor is allowed to own in a Financial Investment Company (SIF) from 0.1% to 1%, taken for granted and eagerly awaited by the players on the Stock E...
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...
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...
Don't start working on those accounting books just yet! New tax law changes in store
It looks like the Romanian companies will not see their dream of stable tax legislation come true this year. Only six months after having been enacted, the Profit Tax Law and the VAT Law are...
No need to worry about the "heavy" dollar just yet
Much to the surprise of the financial market, the National Bank of Romania (NBR) in October implied that it supported a higher increase of the ROL/USD exchange rate as compared to the previo...
Car sales pick up, yet below estimates
New vehicle sales have gone up more than 21% in the first ten months of the year, compared with the same time in 2001, reaching 90,695 units. The figures are much below the estimates release...
RomTelecom stirs yet another controversy
The conditions accompanying the 50 million-dollar loan that Greek Group OTE will grant to the Romanian national telecommunication operator have not been settled yet, as they are currently ne...
RomTelecom stirs yet another controversy
RomTelecom stirs yet another controversy
ING Nederlanden slows down, yet remains market leader
ING Nederlanden Asigurari de Viata (ING Nederlanden Life Insurance) collected 445bn lei in H1 premiums this year, up 55% as compared with the year-ago period, that is an actual growth of nea...