Companies
Eximtur 1H Sales Up 2% On Year To EUR20.3M
Romanian tourism agency Eximtur Cluj Thursday reported a 2% increase in its first half sales to EUR20.3 million, mainly fueled by higher revenue from local tourism services.
Tarom Loss Narrows To RON63M In 1H/2013
State-owned airline Tarom reported loss of 63 million lei (EUR14.3 million) in the first half of 2013, down from loss of RON120 million in the same period in 2012, the company said Thursday...
Tourist Arrivals In Romania Up 3.4% On Year In June
Arrivals at Romanian tourism accommodation establishments rose 3.4% in June from the year-earlier month, while overnight staying increased 3.8% on the year, data from the statistics institut...
Spectacular Leap In EU Fund Absorption: EUR700M Refunded In July, Almost As Much As In 1H
Romania’s EU fund absorption rate leapt spectacularly in July, when the country attracted over EUR700 million. The amount is almost similar to refunds attracted by Romania in the first six m...
Top Ten Contracts Granted By Romgaz In 1H Three Times Higher Than Top Ten Of 2012
The ten largest contracts awarded by Romgaz in the first half of 2013 stood at over 556 million lei (EUR126 million), almost three times higher than the value of the top ten contracts grante...
IMF: Potential Changes To Romania’s Tax Code Should Come In Bulk Packages
Romania should consider a package of tax measures rather than single-oriented actions if it wants to amend its tax laws, so that the overall impact on the system may be assessed thoroughly,...
IMF: Romania’s Planned Norms On Abusive Loan Clauses Could Undermine Financial Stability
Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balan...
Ponta Says Romania Has No Plans To Sell Majority Stakes In State-Run Enterprises
Romania’s new agreement with the International Monetary Fund and the European Commission doesn’t include giving up majority control of any of the state-owned companies, Prime Minister Victor...
Orange, Vodafone Romania Sign Network Sharing Agreement
Telecom operators Orange Romania and Vodafone Romania have concluded a network sharing agreement which will allow them to continue investments in technology upgrades with national coverage,...