DELAY
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Romanian Government to Postpone VAT Cut to 18% for 2019
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday.
Romania Puts Off Enforcement Of Personal Insolvency Law Until December 2016
The Romanian Government on Wednesday adopted an emergency ordinance putting off the enforcement of the personal bankruptcy law until December 2016, said the Executive spokesperson Dan Suciu.
Lending Return To Growth Postponed For Later Date
Lending caused a negative surprise in July after a first half when its decline had gradually slowed down, reaching a mere 0.1% in June and fueling hope that the loan stock would see annual g...
Construction Works On Nearly 150 Kilometers Of Highway Pushed Back To 2016
Almost 150 of nearly 200 kilometers of highway under construction in Romania at the moment should be completed in 2016. Works on some sections, such as Lugoj-Deva (2nd, 3rd and 4th sections)...
Government Sidelines Sibiu-Pitesti Highway
The 116 kilometer-long Pitesti-Sibiu highway expected to cost EUR3 billion is no longer a priority for Romania’s company in charge of highways and national roads CNADNR and stands little cha...
Deva-Sibiu Highway Delayed Until 2014
The 115-kilometer long Deva-Sibiu (central Romania) highway will be completed as late as next year, even though its five sections should have been done by April and May 2013, according to th...
Builders In No Hurry To Finish Highway Works
The ten leading highway construction sites in Romania advanced by an average 8% between February 1 and May 1, according to a ZF analysis based on information sent by highway authority CNADNR...
Bucharest-Ploiesti Highway Delayed Again
The penalties of 0.05% a day have not had any effect on the three out of four construction companies which have not completed works on A3 Bucharest-Ploiesti highway, with one single section...
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...