Taxi Fares In Romania To Go Up Until October 20, 2017

Taxi companies in Bucharest and Ilfov, which currently charge RON1.39 per km, will gradually charge RON1.69-1.70/km until October 20, as the taxi meter software will be reset. The new fares will be displayed on taxi car doors.

Only Speed Taxi and Cristaxi Service have raised fares so far, from RON1.39/km to RON1.69/km, and from RON1.39/km to RON1.70/km.

Companies currently charging fares of over RON1.70/km will not raise costs along with the taxi companies that will switch from RON1.39 to RON1.70/km until October 20. (cotidianul.ro)

PM Tudose: Split VAT Measure No Longer Mandatory For All Companies

Prime Minister Mihai Tudose said last week that the split VAT will take into account certain proposals of employers’ organisations and will be subject to amendments in Parliament, adding the measure will target, first of all, companies undergoing insolvency or bankruptcy.

“Nuances started cropping up after discussions with employers’ organisations; some of their comments are correct and, in order to shorten somehow the legislative procedure, we will make amendments; there will be amendments in the Senate and then in the Chamber of Deputies,” Tudose said, responding to journalists at the end of a meeting of the National Executive Committee (CExN) of the Social Democratic Party (PSD) about what will happen with the amendments to the Tax Code, and the split VAT.

Tudose also said the finance minister will unveil the amendments to the split VAT measure at the beginning of this week. (romanialibera.ro)

Teraplast Invests EUR11M In Building Materials Factory In Serbia

Bistrita-based building materials manufacturer Teraplast opened a sandwich panel factory in Leskovac (Serbia), on October 11, following an investment of EUR11 million which also includes the amount for the acquisition of the factory previously named Interlemind, an acquisition worth EUR4.3 million.

Teraplast, which also has production units in Bistrita, will send products from Serbia to Romania as well, arguing it is easier to cover the region than to open another factory in Romania. Thus, costs with logistics and transport are lower.

Early June 2017, Teraplast announced the acquisition of Serbian sandwich panel producer Interlemind, which was bankrupt at that time. Teraplast, majority held by businessman Dorel Goia (over 45% of the shares), bought the factory following an auction, being the only bidder.

Terasteel, a division of Teraplast group, produces sandwich panels and zincate metallic structures. The factory in Serbia has a production capacity of 2.2 million square meters of sandwich panels per year, similar with Teraplast’s production capacity in Bistrita. The countries of the former Yugoslavia, Bulgaria, Albania, Hungary, southern Romania and northern Greece, are the main markets the company plans to supply with products from Serbia. (puterea.ro)

President Iohannis Inaugurates Biggest Golf Resort In Romania

President Klaus Iohannis attended on Saturday, in Teleac, in the vicinity of Alba Iulia, the official opening of the biggest golf resort in Romania, a private investment Iohannis deemed “unique” in Romania.

Ioan Popa, the entrepreneur who established Transavia, the largest poultry producer in Romania, has invested EUR15 million in golf resort Theodora Golf Club in Teleac locality (Alba County).

The project includes the biggest golf course in Romania and a series of four star plus accommodation and leisure units. The construction of the golf resort took nearly two years.

The TGC resort covers over 62 hectares, of which the golf course stretches onto 56 hectares and the rest is occupied by the villas of the resort and other facilities.

The resort also has a restaurant with a capacity of 160 indoor seats and 100 outdoor seats. (puterea.ro)

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