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BCR Asigurari de Viata Wants To Hike Capital To RON153.5M
Life insurer BCR Asigurari de Viata wants to increase its share capital by 120.52 million lei (EUR27 million) to RON153.5 million, through cash contribution.
Government Wants To Raise Annual Mining Fees Again
Romania’s government wants to increase prospecting, exploration and exploitation fees in the mining industry by up to 3.9% this year and expects to collect extra 600,000 lei (EUR134,600) fro...
EXCLUSIVE: Romania Raises Excises By Nearly 5% In 2014, Expects Additional RON3.4B Revenue
Romania will raise excise duties for next year by 4.77%, the average annual inflation rate calculated in September, and the Government expects the measure will reign in additional revenue of...
Electroputere Wants To Increase Share Capital By RON81M
Romanian power transformers producer Electroputere Craiova (EPT.RO) wants to increase its share capital by 81.1 million lei (EUR18.2 million), mainly by partially compensating for debts to i...
Ponta Denies Plans To Raise Flat Tax In 2014
Recent information alleging Romania’s social-liberal ruling coalition USL plans to increase the flat tax from the current 16% to 22%, in a move to boost state budget revenues, has caused qui...
Eximtur Sales Inch Up 1% In January-September, To RON135M
Eximtur Cluj, one of the largest travel agencies in Romania, registered a turnover of 135 million lei (some EUR30 million) in the first nine months of 2013, up a mere 1% from the same period...
Chocolate Consumption In Romania Picks Up For First Time In Four Years
Romania’s chocolate market is expected to grow by 5% in volume in 2013, up to 31 million kilograms, following a continuous decline in consumption ever since 2008, according to a ZF analysis...
Bucharest Bourse’s Main Index BET Close To Five-Year High
The Bucharest Stock Exchange’s blue chip index BET has increased by 18% since the beginning of the year and has recently topped the 6,000-point psychological threshold. The BET is close to t...
Five Years Of Crisis Led To 35%-40% Increase In Electricity Bills In Romania
The five years of crisis led to an accelerated increase in utility prices, which places Romania again on the top spot in Europe in terms of price hikes, according to Eurostat data.