Companies
Government To Extend CFR Marfa Sale Completion Deadline Until December 20
The deadline for the completion of the sale of 51% in state-owned railway freight carrier CFR Marfa, initially due-mid October, will be pushed back to December 20, according to a draft gover...
Insolvent Romstrade Downsizes Staff To 100 Employees From 930 In December 2012
Romstrade, once one of the largest construction firms in Romania, has downsized its staff to below 100 employees after entering insolvency a year ago.
Private Pension Funds’ Net Assets Exceed EUR3B At End-September
The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 13.5 billion lei (EUR3.02 billion) at the end of September, the Romanian association of pri...
Average Net Salary Down Almost 2% In August
Romanian average net salary fell 1.9% to 1,604 lei (EUR362) in August, from RON1,635 a month earlier, the statistics institute INS said Monday.
Romania Industrial Sales Fall 10.4% On Month In August
Romanian industrial sales fell 10.4% in August from a month earlier, due to declining demand in all sectors, the country’s statistics institute INS said Monday.
Ponta: Romania Will Have Lower-Than-Expected Budget Revenues In 2013
Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and bec...
Romania Might Either Lower Social Security Contributions Or Increase Nontaxable Wage Base In 2014
Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on...
New Insolvency Code Takes Effect On October 25; NGOs Denounce Article On TV, Radio Licenses
Romania’s new Insolvency Code was published in the Official Journal Friday and will take effect on October 25. It will also apply to insolvency requests currently under analysis.
Croitoru: Central Bank May Buy Gold From Rosia Montana Within Limits
The National Bank of Romania may buy gold extracted from Rosia Montana provided that the gold share in the country’s international reserve stays between 10% and 20%, central bank representat...