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Romania To Change VAT Collection System To Satisfy EU Requirements
Banks-Insurance

Romania To Change VAT Collection System To Satisfy EU Requirements

The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay...

Ioana Tudor · 07.11.2013 · 15:35 · 1 min
Some 70 Firms In Romania To Attend Anuga Fair In Search For New Trading Partners
Retail&Consumer

Some 70 Firms In Romania To Attend Anuga Fair In Search For New Trading Partners

Nearly 70 companies in Romania will attend this year’s edition of Anuga, the world’s largest food and beverage fair held in Cologne, Germany, with a view to find new trading partners in term...

Ecaterina Craciun · 25.09.2013 · 00:00 · 3 min
Trade Registry: 9,655 Romanian Firms Went Insolvent In January-July
Companies

Trade Registry: 9,655 Romanian Firms Went Insolvent In January-July

About 1,440 Romanian firms defaulted on their debts in July and the number of insolvencies reached some 9,655 in the first seven months of 2013, down 5.37% on the year, according to Trade Re...

Ecaterina Craciun · 30.08.2013 · 16:29 · 1 min
Trade Registry: About 6,000 Romanian Firms Went Insolvent In January-April
Banks-Insurance

Trade Registry: About 6,000 Romanian Firms Went Insolvent In January-April

Romania’s Trade Registry said Wednesday 1,460 firms entered insolvency in April, up 5.4% on the year and slightly down from 1.515 in March.

Ioana Tudor · 22.05.2013 · 15:50 · 1 min
Firms Not At Fault For Delayed Works No Longer Allowed To Claim Damages – Draft
Real Estate

Firms Not At Fault For Delayed Works No Longer Allowed To Claim Damages – Draft

Firms in Romania executing public works and delaying the project without their fault will be entitled to ask for price adjustment, only within a certain limit, but will no longer be allowed...

Ecaterina Craciun · 24.01.2013 · 18:17 · 1 min
Privatization Authority’s Portfolio Includes 641 Firms, Most Of Them Insolvent
Banks-Insurance

Privatization Authority’s Portfolio Includes 641 Firms, Most Of Them Insolvent

Romania’s privatization authority AVAS has 641 firms in its portfolio and most of them are insolvent or undergoing liquidation (300) and dissolution (15).

Ioana Tudor · 09.01.2013 · 13:28 · 1 min
Energy

Economy Ministry Signs Financing Contracts Worth RON486M With 16 Firms

Romania’s Economy Ministry said Tuesday it signed 16 non-reimbursable financing contracts of 486 million lei (EUR106.3 million) between July 9 and July 27, within the EU-funded program incre...

Ioana Tudor · 31.07.2012 · 18:34 · 1 min
Software Companies In Romania Say Government Should Also Support Small IT Firms
Technology &Telecoms

Software Companies In Romania Say Government Should Also Support Small IT Firms

The EUR100 million state aid scheme prepared by the Romanian Finance Ministry for companies that create 300 new jobs and keep them for five years is welcome, but a program would also be need...

Ecaterina Craciun · 24.07.2012 · 10:00 · 2 min
Software Companies In Romania Say Government Should Also Support Small IT Firms
Technology &Telecoms

Software Companies In Romania Say Government Should Also Support Small IT Firms

The EUR100 million state aid scheme prepared by the Romanian Finance Ministry for companies that create 300 new jobs and keep them for five years is welcome, but a program would also be need...

Ecaterina Craciun · 17.07.2012 · 10:00 · 2 min