Companies
PwC: Romania Should Simplify VAT System, Give Firms Right Of Choice
The Romanian Government should simplify the value added system or give the taxpayer the right to choose an enforcement method and settle a sole tax on companies’ revenue, including the profi...
PwC: Romania Tax Collection Rate Well Below Other EU Countries
Tax collection level in Romania is well below the numbers seen in other European Union and a higher collection rate, of around 90%, would help improve the fiscal environment, consultancy and...
H&M Sales In Romania Double In 2012 FY, To EUR74M
Swedish fashion retailer Hennes & Mauritz (H&M) doubled its sales in Romania in the 2012 fiscal year, ended November 30, to SEK635 million (EUR74 million), with the opening of eight new stor...
Romania Signed No Highway Construction Contract In 2012
Six national road repair projects, construction of three bypasses and road strengthening works – these are the main contracts signed by the company in charge of Romania’s national roads and...
Natural Gas Consumption Down In 2012
Romania used 4% less natural gas last year than in 2011, even though the year started and ended with very cold weather, which caused consumption spikes for a few weeks.
Most Experienced Manager In Cement Industry Leaves Carpatcement
Mihai Rohan, former general manager of Carpatcement Holding between 2000 and 2010, and chairman of the board in the past few years, is leaving the company.
Dairy Producer La Colline May Export To The Nederlands, Germany, United Arab Emirates
Romanian dairy producer La Colline Tuesday said it negotiates with companies in Germany, the Nederlands and the United Arab Emirates UAE to export its products, plans to invest in its own fa...
Local Authorities Must Cut Arrears By 85% In Two Months - Draft
Romanian local governments that register arrears at the end of January 2013 will be obliged to reduce them by at least 85% in two months, otherwise the state treasury will limit payments fro...
Carpatcement Names CEO As Board President
Carpatcement, the Romanian unit of German construction materials producer HeidelbergCement, Tuesday named the company’s general manager Florian Aldea as president of the Board of Directors,...