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Galaxy Tobacco Wins Case Against Romanian Tax Authority Regarding Unpaid Taxes
Retail&Consumer

Galaxy Tobacco Wins Case Against Romanian Tax Authority Regarding Unpaid Taxes

Galaxy Tobacco has won a case against Romania’s tax authority ANAF, in which the state claimed 500 million lei (EUR112.4 million) in unpaid taxes from the cigarette maker. The sum doubled fo...

Ioana Tudor · 16.05.2012 · 14:32 · 1 min
Generic Drug Producers Want Clawback Tax Suspended Immediately
Health

Generic Drug Producers Want Clawback Tax Suspended Immediately

The Association of Romanian Producers of Generic Drugs (APMGR) has called for the immediate suspension of the clawback tax and for discussions to find a viable solution, in the interest of p...

Radu Bostan · 16.05.2012 · 13:40 · 1 min
Oil Companies To Pay Additional Taxes As Of 2013, Romanian Economy Minister Says
Energy

Oil Companies To Pay Additional Taxes As Of 2013, Romanian Economy Minister Says

Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue gains of oil companies to be enforced startin...

Florentina Dragu · 16.05.2012 · 13:29 · 1 min
Georgescu: Banking System Is Solid, No Need For Bridge Bank
Banks-Insurance

Georgescu: Banking System Is Solid, No Need For Bridge Bank

Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating si...

Razvan Chirita · 16.05.2012 · 12:54 · 1 min
Some Ministries Might Be Allowed To Unfreeze Hiring, Cap To Be Observed – Deputy PM
Social/Politics

Some Ministries Might Be Allowed To Unfreeze Hiring, Cap To Be Observed – Deputy PM

Some Romanian ministries and public institutions might be allowed to hire more staff than agreed with financial institutions, while the rule whereby only one in seven vacant positions may be...

Ioana Tudor · 16.05.2012 · 12:10 · 1 min
Education Minister Resigns Amid Plagiarism Accusations
Social/Politics

Education Minister Resigns Amid Plagiarism Accusations

Romanian Education Minister Ioan Mang resigned Tuesday following plagiarism accusations.

Ioana Tudor · 15.05.2012 · 18:21 · 1 min
Social/Politics

Former Education Minister Ecaterina Andronescu Wins Suit Against Integrity Agency

Romanian social democrat senator Ecaterina Andronescu won a suit against the National Integrity Agency which had accused her of being in a conflict of interest during the time she served as...

Oana Gavrila · 15.05.2012 · 11:54 · 1 min
Price Of Clunkers Vouchers Triples
Automotive

Price Of Clunkers Vouchers Triples

Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in previous years, according to a ZF analysis.

Radu Bostan · 15.05.2012 · 00:00 · 1 min
Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP
Macroeconomics

Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP

The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously, according to the country’s latest convergence pro...

Florentina Dragu · 14.05.2012 · 18:22 · 1 min