finance
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Banking and Finance
Romanian Banking System The Romanian banking system entered the recession well capitalized and with good profitability and liquidity levels, which allowed it to absorb the various economic s...
Romania's Budget Deficit Widens To 1.77% Of GDP After 11 Months
Romania’s consolidated budget posted a deficit of 10.8 billion lei (EUR2.4 billion) in the first eleven months, representing 1.77% of the gross domestic product estimated for 2012, the Finan...
Transport Ministry Won't Privatize Any Company In 2012 – Government Document
Romania's Finance Ministry says in a document that the Transport Ministry will not carry out any privatizations this year, although the stand-by agreement with the IMF, European Commission a...
Banks Want Longer Maturities On Bonds, Transparency From The New Treasury Head
Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts...
Goverment Rejects Local Authorities' Plans To Hike Taxes
The Romanian Government rejected local authorities’ proposition to raise local taxes by up to 50% next year, Finance Minister Gheorghe Ialomitianu said Tuesday evening.
Parliament OKs 2012 Budgets of Ministries of Finance, Justice, Defense, Interior, Labor
Romania’s Parliament on Tuesday adopted the 2012 budgets of the ministries of Finance, Justice, Defense, Interior and Labor, in the format approved by the budget and finance committees.
Romania Keeps Farming Taxes Unchanged, Will Step Up Fight Against Evasion
Romania's Finance Ministry will withdraw its proposal to tax small agricultural producers and will work with the Agriculture Ministry to prevent tax evasion in farming, Finance Minister Gheo...
Romania Might Cap Compensation To Persons Abusively Expropriated During Communist Period
Romania’s Finance Ministry is analyzing the prospect of capping compensation awarded to former owners of property nationalized during the communist regime, considering that other solutions w...
Financial Sector Generates 40% Of Integrator Romsys’ Sales
Romsys, one of the largest IT&C integrators in Romania, acquired by Austrian group New Frontier Holding from businessman Marius Cojanu in 2007, expects EUR46.2 million revenue this year, up...