MICROENTERPRISES
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Garanti BBVA Leasing Borrows EUR10M From EFSE To Support Microenterprises And SMEs In Romania
Garanti BBVA Leasing, part of Garanti BBVA Group Romania, has entered into a new finance agreement with the European Fund for Southeast Europe (EFSE).
Survey: Firms With Up To EUR250,000 Turnover Make Up Over 70% Of Total Microenterprise Activity Volume In Romania
Microenterprises in Romania, with a turnover of maximum EUR500,000, reported a total turnover of RON131 billion and a profit of RON27.5 billion in 2018, considering that 72% of the business...
Firms With Fewer Than Ten Employees Account For Nearly Half Of Romanian Exporters
Over 10,000 microenterprises (firms with nine employees at most) are among the 22,000 exporting companies in Romania, accounting for 47% of the total, according to ZF calculations based on I...
Government: Microenterprises Can Opt For Profit Tax Or Turnover Tax Under Certain Conditions
Microenterprises in Romania will be able to opt for the payment of profit tax if they meet two conditions, namely, a share capital of at least RON45,000 (nearly EUR10,000) or at least two em...
COFACE:Positive Effect Of Tax Cut For Microenterprises Offset By Expenses With Minimum Wage Hike
The income tax cut for microenterprises, a measure which has been recently adopted by the new government, will trigger tax reductions of approximately RON955 million, which will be used to c...
Coface: Insolvency Rate Among Micro-Enterprises In Romania Up In Faster Pace In Last 2 Years
The number of micro-enterprises in Romania going insolvent over the past two years has grown by 14.5% annually, accounting for 85% of overall business insolvencies in 2012, compared to 78% i...
Firms Compelled To Pay 3% Tax On Up To EUR65,000 Revenue
Romanian privately-owned companies with revenues of up to EUR65,000 will pay a 3% tax on revenue reported as of February 1, 2013, according to an ordinance draft amending the Fiscal Code.
Government Won’t Grant Loans, Non-Payable Funds To SMEs Employing Jobless People
Romanian small and medium-sized enterprises owners creating new job opportunities and hiring jobless people will not receive advantageous loans or non-payable funds from the social insurance...