08.22.2011

Companies may opt between paying the profit tax each quarter or once per year, but choosing the latter option will require an advance payment of 25% of the profit tax owed for the previous year, says more

08.16.2011

Adrian Baicusi, 46, a manager with an experience of over 15 years in companies such as OMV or Siemens Romania (where the salary package reached EUR20,000/month), who in 2009 agreed to run state-owned more

08.11.2011

Romania's Trade Registry Thursday said 12,703 companies filed for insolvency in the first seven months of 2011, down 4% from 13,183 companies in the same period a year earlier. more

08.04.2011

There are private-sector managers that would be willing to start even tomorrow as chief executives of large state-controlled companies, if they were paid the same salary as in a multinational and more

08.02.2011

Romanian President Traian Basescu said Tuesday on public radio he does not rule out the possibility of several state-owned companies to go bankrupt, adding the Government does not have to always step more

08.01.2011

Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday. more

07.31.2011

Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that Romania has met all of its objectives in the loan agreement, except more

07.27.2011

The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energy sector more

07.25.2011

Romanian companies that commit illegal acts which are not considered crimes and are punished only by a fine may request to have the act struck from their tax offense record after one year instead of more

07.15.2011

The reorganization of Romanian state-run railway companies will be followed by a state aid program aimed to put them back on track, Transport Minister Anca Boagiu said Friday, adding railway more

07.14.2011

The Romanian Government wants to shorten the average time to start a business from ten days to no more than three days, as recommended by the European Union, Prime Minister Emil Boc said Thursday. more

07.13.2011

The Romanian Government may block company takeover operations if the country’s defense council CSAT believes such moves threaten national security. more

07.13.2011

Romania's Trade Registry Wednesday said 10,979 companies filed for insolvency in the first half of 2011, down 2% from 11,221 companies in the same period a year earlier. more

07.01.2011

Romania's Government plans to extend, until 2020, the fiscal incentives granted to companies that invest in industrial parks, make these companies eligible for EU funds and open another five parks in more

06.13.2011

Romanian President Traian Basescu has sent to the Parliament a request to reexamine a bill that postpones the listing of state-owned companies in investment fund Fondul Proprietatea's portfolio until more

06.07.2011

Romanian companies with sales and assets lower than EUR35,000 may opt for a simplified accounting system starting with the 2011 fiscal year, says a draft order by the Ministry of Public Finance. more

06.03.2011

The first state-owned companies to get private management “could be” hydropower producer Hidroelectrica and coal company CNH, starting fall, Friday said Economy Minister Ion Ariton. more

05.31.2011

Replacing managers in the large state-held companies with experienced private sector executives could keep the state from losing money, both Government representatives and officials from the IMF and more

05.31.2011

Romania’s plan to list minority stakes in hydropower generator Hidrolectrica and natural gas producer Romgaz is likely to increase capitalization on the Bucharest bourse by 5% to 10%, a senior more

05.26.2011

Interest in RASDAQ market has plunged this year, amid its uncertain status and after some of its major companies were moved to the main market of the Bucharest Stock Exchange. Nevertheless, investors more

05.26.2011

Several top insurers, including some European Union-based companies, want to enter the Romanian market enticed by the low penetration rate and the high growth potential, insurer regulator CSA more

05.25.2011

While the state, through its institutions, finds it hard to attract funds from the EUR19.6 billion made available by the EU until 2013, big companies in Romania, with turnovers of tens of millions of more

05.24.2011

The World Bank has suggested that Romania use headhunters when recruiting for management positions in state-owned companies, Tuesday said Alexandru Sandulescu, director with the Economy Ministry more

05.15.2011

The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrears. more

05.10.2011

Romania’s largest 30 to 40 state-owned companies will have private management, and the government will employ an internationally acknowledged head hunting firm for executive selection, according to more