Economics
January 18, 2016 12:02
Belgian aerospace company Sonaca signed
an 8.5 million Euro loan with the European Bank for Reconstruction
and Development for the expansion of the production facility on
Romania. The plant, located in Cluj county, will produce wing
components for aircraft manufacturers such as Airbus and Embraer.
The new plant will be completed in two years.
Sonaca Aerospace company, is an 80 year
old group operating in the areas of development, manufacturing,
assembly and testing of aerospace metallic and composite structures
and their associated systems, managed to also get state aid funds
totaling 5,4 million EUR in mid September 2015, in order to open the
new facility in Romania.
...more »
January 18, 2016 11:44
NNDKP and TPS announces a strategic partnership in a time when intra-group transactions have become one of the "hottest" areas of taxation.
Started as an initiative of the G8 and further developed by the OECD, the Action Plan against BEPS will determine the most likely changes in tax legislation concerning the business models of groups of companies, focusing on the economic content of transactions and prices that of transactions between affiliates....more »
January 13, 2016 14:26
The Romanian National Power Grid "Transelectrica" SA announced that Carmen Neagu, member of the company's Supervisory Board resigned as date of the end of 2015. Ms. Neagu has also served as Chairman of the Supervisory Board. Currently, the Supervisory Board operates with members in office at the date of the pres release signed by Ion-Toni Teau General Director and President of the Directorate....more »
December 08, 2015 11:26
The representatives of the Romanian IT company Life is Hard officially opened the trading session of the Bucharest Stock Exchange (BVB), on Tuesday, December 8, 2015, marking the debut of the first software developer on the AeRO market. Life is Hard is the developer of the most important software platform for insurance brokerage and comes on AeRO with an anticipated market capitalization of almost RON 6.9mn (EUR 1.5mn). Via the 24Broker.ro application there were subscribed polices of EUR 160mn in 2014, which is a 30% market stake of all intermediations performed by insurance brokers....more »
December 05, 2015 07:31
President Klaus Iohannis promulgated the law concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, the Presidential Administration reports cited by Agrepress. The main novelties refer to recognizing two administration regimes for bank deposit guarantee schemes, regulating the law of protective institutional systems and contractual schemes concerning guarantees, (...) regulating the procedure of official recognition of privately-managed deposit guarantee schemes by the National Bank of Romania as the authority designated to supervise such deposit guarantee schemes; introducing the option of deposit guarantee schemes from various European Union member states merging together; imposing an explicit supervision regime on continual bases by the National Bank of the activities of the privately-managed deposit guarantee schemes officially recognised in Romania....more »
December 05, 2015 07:20
The 2016 state budget is drafted with a
deficit of 2.95 pct, an economic growth of 4.1 pct of the GDP and a
nominal gross domestic product of 746.6 billion lei announced Finance
Minister Anca Paliu Dragu.
Dragu said the estimation took into
...more »
November 27, 2015 14:22
The president of the National Energy Regulatory Authority, Niculae Havrilet announced that the price of electricity should decrease by 5 to 6 percent starting on 1 January, after the reduction of distribution tariffs and cogeneration bonus while gas will also become cheaper with effect from 1 July 2016. "Electricity tariffs will decrease from 1 January as distribution tariffs will contribute to the decline in the final price” said the head of ANRE. As regards the gas sector, Havrileţ showed that rates will be changed from July 1, 2016....more »
November 24, 2015 14:39
Following a campaign to track down undeclared income of wealthy Romanians, the National Agency for
Fiscal Administration (ANAF) found almost 87 million lei that will be
subject to taxation. The 336 individuals checked, each with
an estimated wealth of over 20 million euro per person were unable to
prove the legit source and taxed money.
...more »
November 19, 2015 16:06
Romania's budget for next year drafted by the former Ponta government is built on a deficit of 2.95 percent of GDP and 2.8 percent in cash, based on an economic growth of 4.1percent , fueled by mainly by consumption and investments, while GDP was estimated at 746.6 billion lei. The annual average inflation is forecast at 0.5 percent and the average rate at 4.44 lei / euro....more »
November 17, 2015 14:56
Bucharest, November 12th 2015- The second edition of the Courier Award Gala brought together companies which are known both nationally and internationally and had, as its principal purpose, the recognition of merits for all those who made an impact in the field. The winners of the evening were: Fan Courier, Sameday Courier, Speedy, Mastercard, Total Technologies, Posta Romana, Ford, DHL International , DPD Romania. ...more »
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