CASH
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Major State-Run Energy Companies On Stock Exchange Sit On Almost EUR1B Cash
The five largest publicly listed energy companies that are either state-run or in which the government still holds a significant stake had 4.39 billion lei (EUR984 million) cash in their acc...
Three Of Romania’s Richest Energy Companies Sit On RON7B Cash
Three of the richest energy companies either state-owned or in which the government owns significant stake have about 7 billion lei (EUR1.6 billion) in their accounts.
Astra Asigurari Has Only RON3.5M In Its Accounts After 18 Months Of Special Administration
Astra Asigurari, a company the Financial Supervisory Authority (ASF) decided had no solution for other than bankruptcy, only has 3.5 million lei (almost EUR790,000) in its accounts compared...
VAT Cash-Ins Up Only 1% In July
Romania’s cash-ins from value-added tax VAT was up 15.5% in January to July, at 34 billion lei, after the VAT rate was lowered to 9% on food as of June 1st, according to the Tax Authority AN...
Main Bucharest Listed Companies Have Over RON15B In Cash
The largest companies listed on the Bucharest Stock Exchange amassed a combined cash and equivalents of over RON15 billion (nearly EUR3.4 billion) at the end of March, as they lack investmen...
Card Payments At Merchants Reach RON8B In Jan-March
billion) from cash dispensers in January-March, while payments at merchants made with the 11 million active cards amounted to RON7.8 billion, an 18% increase on the year-ago period.
Cash In Circulation Overshoots RON40B Mark
The cash in circulation reached an all-time high of 41 billion lei (more than EUR9 billion) last month, an increase of 16% on the same time last year. The growth in January alone stood at 2%...
Romgaz Sits On RON1.7B Worth Of Cash, But Still Exploits 90-Year Old Fields
The completion of natural gas market deregulation is likely to leave Romgaz without one of the “engines” that brought it record high profit after the first nine months of 2014: gas price inc...
Visa Romania: Two Thirds Of Romanians’ Consumption Based On Cash
Card money accounts for just one third of Romanians’ overall consumption, while cash represents the rest of two thirds, a situation that is fuelling the underground economy, believes Catalin...