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Romania and China will sign an agreement for ITC cooperation

News January 11, 2011 14:46 0 comments

Romanian Minister of Communications, Valerian Vreme, will meet with the Minister of Industry and Information Technology, Miao Wei, on January 13 in Beijing. The two parties will sign an agreement that will facilitate cooperation and…more »

Taxation of large wealth will only affect 1-2 percent of taxpayers, says Finance Minister

News January 11, 2011 14:21 0 comments

The taxation of large wealth will only affect 1-2 percent of taxpayers’, according to the Minister of Public Finances, Gheorghe Ialomitianu. The minister also said the National Agency of Fiscal Administration (ANAF) will found more…more »

Net average wage increased by RON 37 in November against October last year

News January 11, 2011 13:58 0 comments

Net average wage increased by 2.8 percent in November 2010 compared to October last year and by 0.8 percent y-o-y, reports the National Statistics Institute, as quoted by Mediafax news wire. Thus, the net average…more »

Romania and Greece generate the weakest sales in Eastern Europe for Metro Cash & Carry

News January 11, 2011 13:03 0 comments

Metro Cash & Carry has reported sales increases for Eastern Europe in 2010. The positive trend continued in Q4 with the exception of Romania and Greece where the sales development “was distinctly weaker”, according to…more »

348,723 automobiles sold in 2010, reports Dacia Group

News January 10, 2011 17:29 0 comments

Dacia Group has reported a number 348,723 sold in 2010, a 12 percent growth compared to 2009. Of these, 67,000 were Duster vehicles. Thus, the group has reached a market share of 31.7 percent, 2.8…more »

Alexandrion Grup Romania reports gross sales worth RON 265 million for 2010

News January 10, 2011 16:43 0 comments

Local alcoholic beverage producer Alexandrion Grup Romania has announced gross sales worth RON 265 million for 2010, reporting a RON 2 million increase against the previous year. “While 2010 brought a 17 percent drop for…more »

Romania will have a precautionary agreement also with the EU

News January 10, 2011 16:29 0 comments

The next agreement Romania will sign with international financial institutions will be precautionary, and it will be signed both with the International Monetary Fund and the European Commission, according to the Minister of Public Finances,…more »

Donations to the public budget made by state-controlled companies violate the rights of minority shareholders, says CFA Romania

News January 10, 2011 15:45 0 comments

Donations to the public budget made by companies where the government is the main shareholder, generate a negative impact on the attractiveness of the Romanian capital market, and are an abuse against minor shareholders, says…more »

GSM retailer Say closes down ten stores

News January 10, 2011 12:42 0 comments

Ten of the Say networks have been closed down following a decision of M.C.S. Communications published in the Official Registry, according to Ziarul Financiar. “Since the activity of certain stores is not profitable, the company…more »

Trade deficit drops by 3.5 percent in the first 11 months of 2010

News January 10, 2011 10:42 0 comments

Romania’s trade deficit went down by 3.5 percent in the first 11 months of 2010 due to an increase in exports, according to data released on Monday the National Institute of Statistics (INS). Exports reached…more »