Companies
ANAF To Return VAT Worth RON1.5B In September
Romanian fiscal watchdog ANAF on Tuesday said it will return value added taxes worth a total 1.5 billion lei (EUR350.29 million) in September, more than the monthly average this year, with t...
Enache, Continental Hotels: We Will Build Ten 2-Star Hotels, Sell Plots
Radu Enache, majority shareholder of the Continental Hotels chain, in which Spanish investment fund GED has recently bought a 30% stake, says he has had several meetings with the fund’s offi...
EU Fund Absorption Up 3.3% In August After 60% Drop In July
The payments made by authorities for EU-funded projects went up by merely 3.3% in August, after a 60% decline in July compared with the previous month.
Raiffeisen Leasing Financing On Romanian Market Up 80% In 1H, To EUR36.4M
Raiffeisen Leasing financed goods worth a total EUR36.4 million in the first half of 2011, up 80% from June 2010, while the Romanian market grew by 22%, the company announced Monday.
CFR SA's 2011 Loss Reduced To Less Than Half In Revised Budget
Romania's Transport Ministry wants to revise the 2011 budget of state railway company CFR SA, reducing its losses to less than half the initial estimate, i.e. to 350 million lei (EUR82 milli...
Tarom's Investment Budget Reduced 70%, To RON65M
The revised budget of Romanian state airline Tarom reduces its investment finances by 70% compared to the value approved earlier in the year, down to 65 million lei (EUR15 million) from RON1...
Romania To Raise Subsidy For CFR Calatori By 34%
Romania's Transport Ministry will ask the Government to increase the subsidy provided to state-owned railway company CFR Calatori by 34.3% compared to the value approved in April, to 1.37 bi...
CFR Marfa's 2011 Loss More Than Doubles, To RON192M
The losses of state-owned railway company CFR Marfa will increase 2.3 times this year, to 192 million lei (EUR45 million) from RON81.2 million, because the Government has not raised its capi...
Businesses Owned By Nelu Iordache Expect EUR500M Turnover In 2011
The group of companies owned by businessman Nelu Iordache, which includes lowcost airline Blue Air and construction firm Romstrade, expects sales to reach some EUR500 million this year, comp...