Translator
Radu Bostan
Reporter
- Fields
- Social/Politics, Automotive, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 2.182
Government Approves Budget Revision, Raises Social Security Costs
Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the...
Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income.
Romania Approves 10% Lower Clawback Tax On Drugs
Romania's Government has approved a new formula for the clawback tax, which will be reduced by 10% and charged starting on October 1, as well as a mechanism to adjust the healthcare system's...
Oltchim To Put 506 Employees On Furlough Until September 30
Romanian chemical plant Oltchim Ramnicu-Valcea (OLT.RO) will put 506 employees on furlough between August 27 and September 30, because of the lack of working capital needed to restart petroc...
CFR Posts RON120M Profit In First Half
Romanian state-owned railway administrator CFR SA reported profit of RON120.7 million (EUR26.9 million) in the first half of 2012, compared with losses of RON229 million in the first six mon...
Government Pledges To Limit Co-Financing For EU-Funded Projects
Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infr...
UTI Systems To Develop Price Comparison App For ANCOM
UTI Systems will develop a web application to compare communications offers for end-users, for market regulator ANCOM, through a contract worth 1.32 million lei (EUR294,000), VAT included.
First Half-Year Growth On Beer Market In Three Years
Beer sales rose by almost 4% to nearly 8.2 million hectoliters in the first half of this year, according to a ZF analysis based on National Statistics Institute data. This is the first half-...
Who Is In Charge Of Winning The Mobile Telephony Licenses?
For several dozen people working in regulatory, technical, financial and legal departments of Cosmote, Orange, RCS&RDS and Vodafone, the largest telecom operators bidding in the biggest spec...
Drought Affected 40% Of Romania's Farmland – Agriculture Ministry
Drought has affected more than 3.7 million hectares of Romania's farmland (around 40% of the arable land), and 30.5% of fall 2011 wheat crop has suffered from the lack of water, says a docum...
Hidroelectrica Administrator: Bad Management Widespread In State-Owned Companies
Hydropower producer Hidroelectrica, which filed for insolvency on June 20, is not the only Romanian state-owned enterprise plagued by bad management, as many of the companies controlled by t...
Romanian Economy Loses EUR20B A Year From Workforce Migration
Almost EUR20 billion could go towards consumer spending and the state budget if the 2.5 million Romanians aged over 18 working abroad were employed in Romania, according to ZF calculations t...