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Italy’s Beltrame and Liberty Galati Vying Over COS Targoviste Assets
The Italian group Beltrame, which also owns Donalam Calarasi steel mill, and Liberty Steel, which also owns Liberty Galati (formerly Sidex), have submitted bids for the assets of the special steel plant (COS) Targoviste, a bankrupt company administered by the...
One In Two Romanians Would Become Entrepreneur, But Fiscal Unpredictability, High Taxes Seen As Main Challenge
One in two Romanians say they would give up their status of employee and take up entrepreneurship, but 74% of respondents believe that fiscal unpredictability and high taxes are the main obs...
Electromagnetica Contests RON10M Antitrust Fine
Romanian electric and electronic equipment maker Electromagnetica Bucuresti has contested an antitrust fine issued in December last year, the company said Friday.
Proposed Finance Minister To Discuss Appropriateness Of Fiscal Overhaul
The new PSD (Social Democrat Party) government is due to be installed Monday and the biggest question is whether the transfer of the social security taxes from employer to employees remains...
Court Rejects State Challenge Against Rompetrol Share Capital Hike Registration
The Constanta Court has rejected, on Tuesday a challenge filed by the Finance Ministry against the registration of a share capital hike by oil company Rompetrol Rafinare (RRC.RO), which conv...
Court Rejects Proprietatea Fund Challenge Against RON400M Donation - Sources
The Alba Iulia Court of Appeals rejected the challenge issued by investment fund Fondul Proprietatea (FP.RO) against a government decision that stat-owned gas distributor Romgaz donate 400 m...