Translator RO-EN
Ioana Tudor
- Fields
- Social/Politics, Capital Market, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 3.881
Bucharest Bourse Ends Down For Third Straight Day
The Bucharest stock exchange closed down Thursday for the third consecutive session, while investors focused mainly on SIF Oltenia (SIF5.RO) and Fondul Proprietatea (FP.RO) shares.
Alro Slatina To Pay 70% More For Energy From Hidroelectrica
Romanian aluminum smelter Alro Slatina (ALR.RO) will pay 70% more for the electricity bought from state-owned hydropower producer Hidroelectrica.
Romania To Borrow Money From Treasury Again For EU-Funded Projects
Romania’s Government wants to borrow 400 million lei (EUR88.3 million) from the Treasury to cover payments for the EU-funded operational program “Increasing Economic Competitiveness”.
Ponta: Government Will Adopt Bill To Refund Car Tax Collected Illegally
Romania’s Government must adopt a normative act to return the car tax collected illegally and settle the legal actions started by car owners to recover their money, Prime Minister Victor Pon...
Romtelecom’s EBITDA Up 57% in 1H To EUR80M
Romanian telecom operator Romtelecom’s earnings before interest, tax, depreciation and amortization (EBITDA) reached EUR80.8 million in the first half of the year, up 57.2% compared with the...
Romania May Stop Funding City Halls Which Spent Money From Previous Government Improperly
Romania’s Finance Ministry will stop payments from income tax and VAT collections provided to local authorities, for the city halls which received money from the Government's reserve fund du...
New Rules Regarding Voluntary Home Insurance In Effect Starting September 1
Romanian insurers will be allowed to issue starting September 1, 2012 voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which ra...
Bucharest Bourse Ends Down, Fondul Proprietatea Lifts Turnover
The Bucharest stock exchange closed down Wednesday, tracking the main European markets, as investors remained cautious, and Fondul Proprietatea (FP.RO) covered almost half of the bourse’s li...
Government Might Change VAT Payment Rules By Yearend
Romania’s Government might implement by January 1, 2013 at the latest a new value added tax payment system allowing companies with turnovers of up to EUR500,000 to pay VAT upon cashing in in...
Tablet Maker Visual Fan Sees Sales Climb 20% In 2012
Tablet computer and dual SIM phone producer Visual Fan Brasov targets to increase its sales by 20% in 2012, from 8.8 million lei (EUR1.9 million) last year, Lucian Peticila, the firm’s gener...
Romanian Allianz-Tiriac Asigurari 1H Pre-Tax Profit Up 34% To RON7.4M
Romanian insurer Allianz-Tiriac Asigurari said Wednesday its profit before tax (BPT) stood at 7.4 million lei (EUR1.6 million) in the first half of 2012, up 34% compared with the similar int...
Bulgarian Company Might Build Seven Micro Hydro Facilities In Romania
Bulgarian company PVB Power might build seven micro hydropower facilities on the Somer river, northwestern Romania, following an investment estimated at over EUR220 million, Cluj county coun...