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Companies

Why Major Low-Cost Airlines Have Yet To Gain A Foothold In Romania

British group easyJet, the second largest low-cost airline in Europe, with 44.8 million passengers, will soon drop flights from Romania, which goes to show again that the international giant...

Mirabela Tiron · 11.11.2011 · 00:00 · 4 min
Companies

ANAF To Return VAT Worth RON1.4B In November

Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25.

Andrei Cîrchelan · 10.11.2011 · 17:14 · 1 min
Analysis

GfK: More Than Half Of Romanians Have Trouble Paying Bills, A Quarter Are In Debt

More than half of Romanians (56%) say they barely manage to cover their current expenses and almost a quarter (24%) say they are in debt, according to a study by GfK Romania, which points ou...

Radu Bostan · 10.11.2011 · 14:06 · 2 min
Capital Market

Teraplast Falls Into The Red: RON6.9M Loss In Jan-Sep

Romanian plastic systems maker Teraplast (TRP.RO) Thursday reported a net loss of 6.9 million lei (EUR1.6 million) for the first nine months, compared with a net profit of RON6.3 million in...

Bogdan Neagu · 10.11.2011 · 12:42 · 1 min
Capital Market

Vae Apcarom Jan-Sep Net Profit Up 8% To RON5.2M

Romanian rolling stock maker Vae Apcarom Buzau (APC.RO), owned by Austria's Voestalpine, Thursday reported net profit of 5.2 million lei (EUR1.2 million) for the first nine months, up 8% on...

Bogdan Neagu · 10.11.2011 · 11:56 · 1 min
Social/Politics

Romania To Compensate VAT For EU-Funded Projects Starting Next Year

Romania will consider the VAT for EU-funded projects an eligible cost to be compensated from community funds starting next year, but only for contracts signed after January 1, 2012, and some...

Radu Bostan · 09.11.2011 · 21:09 · 1 min
Social/Politics

CFR Awards EUR250M Border-Arad Line Upgrade Contract

Romanian railway administrator CFR SA has awarded a contract worth almost EUR250 million, for the upgrade of a 41.2 km rail line from the Hungarian border to the city of Arad, to the consort...

Radu Bostan · 09.11.2011 · 20:24 · 1 min
Companies

Holcim 9-Month Cement Sales In Romania Rise 6.7% On Year

Swiss-based building materials maker Holcim Wednesday said cement sales in Romania rose 6.7% on the year in the first nine months, the highest increase in its eastern and southeastern Europe...

Florentina Dragu · 09.11.2011 · 16:06 · 1 min
Lufthansa To Introduce Bucharest-Berlin Flight In 2012
Companies

Lufthansa To Introduce Bucharest-Berlin Flight In 2012

German airline Lufthansa will launch a new flight to Romania next summer, from Berlin to Bucharest, and will double the frequency of Sibiu-Munich flights to 14 per week.

Radu Bostan · 09.11.2011 · 15:00 · 1 min