Companies
Rompetrol To Invest $2.8M In Dragging Works At Midia Port
Romanian Midia Marine Terminal, owned by oil group Rompetrol, will invest some $2.8 million in 2012 for dragging works on the Midia Port berths, in a bid to facilitate oil tanker transit, Ro...
Romanian State Companies To Transfer 85% Of Profit To State Budget
The Romanian Government approved a memorandum whereby state companies will transfer 85% of their profit to the state budget, Finance Minister Gheorghe Ialomitianu said Tuesday evening.
INS: Executives See No Growth In Dec 2011-Feb 2012
Managers expect relative stability in retail, moderate decline in industry and services and decline in construction between December and February, according to data published Wednesday by st...
Government Approves New Tax Code To Take Effect On January 1, 2012
The Romanian Government approved the new Tax Code, which raises excise duties on diesel fuel and property taxes for companies that failed to reevaluate their buildings over the past years, p...
Giant Auction: Metrorex Awaits Bids For Construction Of Mainline 4, Worth EUR227M
Metrorex, operator of the Bucharest subway network, is contracting works worth RON953.5 million (EUR227 million) for the construction of Mainline 4, which will entail building tunnels, a dep...
Romania Might Raise Royalties On Gold, Silver, Platinum Mining To 8%
Romania's Government might double the royalties on gold, silver and platinum extraction, from 4% to 8% of the value of production, and increase royalties on other mineral products, such as c...
Banks Rejected Over Half Of Firms Which Asked For Government Guaranteed Loans
One third of the Romanian firms allowed to take out Government guaranteed loans through the “Mihail Kogalniceanu” program signed no contract with banks in the September 9-December 9, 2011 in...
FOCUS: Romania’s New Tax Code Takes Effect On January 1
Raising the excise tax on diesel oil and property taxes for companies that failed to reevaluate their buildings over the past years are some of the provisions stated in Romania’s new Tax Cod...
Romania Hires KPMG To Assess Posta Romana Ahead Of Privatization
Romania's IT&C Ministry has selected audit and advisory firm KPMG Romania for the evaluation of the state-run postal company Posta Romana in view of privatization, the ministry said Friday.