COMPANIES
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Romanian-Foreign Partnerships Taxed According To Participation - Draft
Partnerships registered abroad and with legal personality, of Romanian and foreign companies, will pay taxes according to the distribution of income and expenses, says a draft ordinance amen...
Companies May Pay Profit Tax Yearly, With An Advance Of 25%
Companies may opt between paying the profit tax each quarter or once per year, but choosing the latter option will require an advance payment of 25% of the profit tax owed for the previous y...
Trade Registry: Company Insolvencies Down 4% In Jan-July
Romania's Trade Registry Thursday said 12,703 companies filed for insolvency in the first seven months of 2011, down 4% from 13,183 companies in the same period a year earlier.
Can Private Managers Turn State-Owned Companies Around?
There are private-sector managers that would be willing to start even tomorrow as chief executives of large state-controlled companies, if they were paid the same salary as in a multinationa...
First X-Ray Of The Largest State-Run Companies
The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energ...
Light Fiscal Violations May Be Pardoned Earlier - Draft
Romanian companies that commit illegal acts which are not considered crimes and are punished only by a fine may request to have the act struck from their tax offense record after one year in...
Boc Says Romania Plans To Simplify, Speed Up Startup Procedures
The Romanian Government wants to shorten the average time to start a business from ten days to no more than three days, as recommended by the European Union, Prime Minister Emil Boc said Thu...
Romania May Bar Company Takeover Operations Which Threaten National Security
The Romanian Government may block company takeover operations if the country’s defense council CSAT believes such moves threaten national security.
Trade Registry: Nearly 11,000 Companies Went Belly Up In 1H
Romania's Trade Registry Wednesday said 10,979 companies filed for insolvency in the first half of 2011, down 2% from 11,221 companies in the same period a year earlier.