Companies
Ponta Says Higher Energy Royalty Rates, Different VAT Rates May Increase Budget Revenues
Increasing royalty rates in the energy sector and charging different sales tax rates to support agriculture are some of the measures meant to increase budget revenues between 2013 and 2016,...
Dacia Launches Dokker, Dokker Van In Romania
Romanian carmaker Automobile Dacia, part of French group Renault, launched its new models, Dokker and Dokker Van, on the Romanian market Tuesday, at prices ranging from EUR8,700 to EUR13,600...
EU Funds Absorption Disaster: Only EUR3.8M Attracted In August
Romania’s EU funds absorption rate in August was close to zero after in July the local authorities had suspended sending to Brussels the refund requests for projects that were supposed to be...
Lego Aims For 20% Market Share In Three Years
Danish toy maker Lego plans to reach 20% market share in Romania in the next three to four years after having approached the 15% initial target much sooner than it had expected.
Romania’s Ultra Rich Class Includes 125 People - Survey
Romania’s ultra wealthy population, with income of $30 million and above, remained unchanged at 125 people between August 2011 and July 2012, while the value of their cumulated wealth droppe...
UniCredit Tiriac Bank Could Get EUR150M In EIB Money
The European Investment Bank is considering extending a financing line of up to EUR150 million to Romanian UniCredit Tiriac Bank for on-lending to small- and medium-sized enterprises.
U.S. Giants Keep Buying Into Fondul Proprietatea And Petrom
U.S. funds keep buying into Petrom and in Romanian investment fund Fondul Proprietatea, the most valuable companies on the Bucharest Stock Exchange, while other investors are fleeing the mar...
Agriculture Ministry Plans Produce Storehouse Network
Romania will create a national network of fruit and vegetables storehouses in public-private partnership, Agriculture Minister Daniel Constantin said Thursday.
Romania Paid Over EUR4B Via Rural Development Program Since 2007
Romania attracted 50% or over EUR4 billion through the National Program of Rural Development, or PNDR, since 2007 in payments through beneficiaries, Agriculture Minister Daniel Constantin to...