Companies
Romania To Cover Financial Corrections On Public Purchase Auctions From Budget Funds
The Romanian Government Wednesday decided that financial corrections applicable on awarding public procurement contracts will be covered from state budget funds.
Romanian Insurers Underwrote RON337.8M In Premiums Abroad In 2012, Up 21.8% On Year
Romanian insurers underwrote premiums of RON337.86 million abroad last year, up 21.8% from 2011, and foreign insurers underwrote premiums of RON216.6 million, 85.6% more than in 2011.
Businesspeople In Romania Call For Improved Tax Legislation
Businesspeople and foreign investors in Romania have submitted a series of propositions to the country’s Finance Ministry meant to improve the Tax Code and support the local business environ...
Romania Eliminates Self-Assessment For Tourist Accommodation Units
Romania’s national tourism authority ANT will check over 4,000 self-assessed accommodation units by the end of this year, and accommodation units will no longer be able to assess themselves...
Astra, Euroins, Omniasig, Asirom Targeted By Over 80% Of Client Complaints In 2012
Romanian insurance regulator CSA received 7,450 complaints last year over insurers and brokers’ services, 1.6% less than in 2011, mostly targeting car insurance and insurers Astra, Euroins,...
Trade Registry: Over 8,200 Romanian Firms Went Insolvent In 1H
About 1,119 Romanian firms defaulted on their debts in June and the number of insolvencies reached some 8,215 in the first half of 2013, down 7% on the year, according to Trade Registry data...
Baumix Changes Name To Patru Maini
Romanian building materials manufacturer Baumix has changed its name to Patru Maini (Four Hands).
Banking System Remains Profitable After Five Months, With Net Profit Of RON763M
Production of new loans did not recover in the first five months of the year, with the ratio of non-performing loans exceeding 20% in May and no spectacular progress in terms of cutting oper...
Roads Authority Signs Contracts Of Just EUR6M In First Half Of The Year
The nine largest contracts signed in the first half of this year by the National Highways and Roads Company in Romania (CNADNR), are worth less than EUR6 million in total, equivalent to the...