Companies
Ariston Thermo Romania First-Half Sales Rise 9% On Year
Heating equipment maker Ariston Thermo Romania on Monday said its sales increased 9% on the year in the first half of 2012, in euros, due to positive sale results on all main groups of produ...
Mihailescu, TTS: In 3-4 Years We Will List The Company On The Stock Exchange
Mircea Mihailescu, majority shareholder of Transport Trade Services (TTS), in which the investment division of the World Bank recently became a shareholder through a EUR12 million investment...
First Loss For Energy Holding: EUR8 Million In 2011
Energy Holding, one of the most profitable private energy traders, ended 2011 in the red, after having made hefty profits from selling the cheap electricity it got from state-owned hydropowe...
Wave Of Foreign Capital Outflows Hits Romania: Over EUR2B Gone In May
Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro.
Over One Third Of Romanian Key EU-Funded Projects Saw Little Progress In 1H
Over one third of the EU-funded projects the Romanian Government regarded as a priority have advanced at a very slow pace in the first half of the year, and in most cases works advanced by l...
Government Prepares Incentive For Firms Hiring Youths Under 25
Romanian firms that hire unemployed people aged under 25 will be exempted from paying social security contributions for the latter for one year, Prime Minister Victor Ponta said late Friday.
ANAF Must Pay Penalties Of RON6M To Refinery For Failing To Refund VAT
The Romanian High Court of Justice decided at the beginning of July that tax authority ANAF must pay interest of about 6 million lei (EUR1.3 million) to refinery Steaua Romana as penalty for...
IFC’s Buying Of Stake In Transport Trade Services Brings To Light The Latter’s Value
The private equity investment in Romanian Transport Trade Services (TTS) by International Finance Corporation - the investment division of the World Bank – brings to light the value of the l...
Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help ec...