Companies
Romania’s Tax Changes Will Lower Consumption, Hurt Retailers’ Business And Investments
Romania’s new tax changes will lower people’s income, as they will ultimately pay for the tax hikes, affecting retailers’ business and investments, and the measures are set to backfire as st...
Dairy Executive Turns Construction Supplies Producer Around
The shift from running dairy producer Albalact to PVC profile manufacturer Teraplast Bistrita was quite tough, Traian Simion, the latter’s general manager said in an interview for the “Who’s...
Voinea: 2014 Budget To Include 127 Investment Projects, Most Of Them In Infrastructure
Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will b...
Bucharest’s Otopeni Airport To Top 7 Million Passengers This Year
Romania had over 10 million flight passengers last year from just 2 million in 1996, and Bucharest’s Henri Coanda Otopeni international airport will have over 7 million passengers this year,...
Romania FDI Falls 10% On Year To EUR1.5B In January-September
Romanian foreign direct investment, or FDI, fell 9.9% on the year to around EUR1.5 billion in the January-September period, the central bank said Tuesday.
EXCLUSIVE: Romania To Collect Extra RON5B In 2014 Following Tax System Changes
Tax revenues in Romania will increase by 5 billion lei (EUR1.12 billion) next year following tax system changes, which include widening taxable income and the health insurance contribution b...
Romania To Get EUR1.1B From EU To Develop Airport Infrastructure
Romania will receive EUR1.12 billion in European funds between 2014 and 2020 to develop its airport infrastructure, Transport Minister Ramona Manescu said Tuesday.
Christian Heinzmann Stays CEO At Tarom
Belgian Christian Edouard Heinzmann will remain Chief Executive Officer of Romanian state-run airline Tarom, Transport Minister Ramona Manescu said Tuesday.
Romanian Airliner Tarom Looking Into New Markets Or Low Cost Segment
Romanian state-owned airline Tarom has had to revise its operating model because of fierce competition and is looking into either tapping new markets, such as those in Asia, or going into th...