Results 1 - 25 from 58 for "cut"
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Electroaparataj Temporarily Cuts Production, Suspends Labor Contracts for Most Employees
02.01.2023
Electroaparataj Targoviste, a marker of electrical equipment and electrotechnical accessories, has announced that during the February 1-28 period it will substantially reduce its activity and suspend more
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Orange Asks OTE for EUR24M Price Cut for Telekom Fix
03.11.2022
France's Orange Group, one of the biggest players in the global communications market, has asked Greece’s OTE to lower the final price for the majority stake in former fixed-line monopoly Romtelecom more
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Alro Slatina Officially Announces Production Cut Due to Rising Power Prices
12.28.2021
Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from more
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Medicover Reduces Investment Activities in 2020
03.30.2020
Swedish-held private medical service provider Medicover, present in Romania though Medicover clinics and the Synevo laboratory division, said it has decided not to propose a dividend and it was more
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Central Bank Understands Need For Cash, Banks Should Not Expect Further Cut In Minimum Reserves
10.04.2018
Romania’s central bank is in no hurry to give banks cash by cutting minimum mandatory leu reserves, since it does not know whether the shortage of cash on the local interbank market will last, more
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Sphera Group Shareholders OK Share Capital Cut By RON10M, Stere Farmache Appointment To Executive Board
04.27.2018
Shareholders of Sphera Group (SFG.RO), which operates KFC, Pizza Hut and Taco Bell restaurants, approved the appointment of Stere Constantin Farmache as independent member of the company’s Board of more
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Romanian Government Lowers Private Pension Contributions
11.08.2017
Romania's government on Wednesday approved an emergency decree lowering contributions to a mandatory private pension system known as pillar II to 3.75% from 5.1%. more
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Romanian Government to Postpone VAT Cut to 18% for 2019
06.29.2017
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday. more
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Tourism Minister Aims To Cut VAT To 9% For Travel Agencies
03.31.2017
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COFACE:Positive Effect Of Tax Cut For Microenterprises Offset By Expenses With Minimum Wage Hike
01.09.2017
The income tax cut for microenterprises, a measure which has been recently adopted by the new government, will trigger tax reductions of approximately RON955 million, which will be used to cover the more
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Fondul Proprietatea Cancels 179 Mln. Shares To Reduce Share Capital
10.28.2016
Investment fund Fondul Proprietatea (FP.RO) has reduced its share capital from RON9.3 billion to RON9.2 billion by cancelling 179 million own shares acquired by the fund. more
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Bancpost Cuts Required Down Payment On Mortgage Loans In Lei And Euro
09.15.2016
Bancpost, one of the largest Greek-held banks on the Romanian market, has decided to reduce the down payment required on mortgage loans in lei to 25% from 33%. more
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Romania’s Public Debt Up RON20B One Year After VAT Cut
07.18.2016
Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more
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Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%
06.02.2016
Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in prices that more
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ANRE: Romania To Cut Household Gas Prices By Nearly 1.5% As Of May 1
04.27.2016
Romania’s energy regulator ANRE on Wednesday said natural gas prices for household consumers included in the consumption category B, accounting for 94% of overall clients, will be cut by an average more
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IKEA Cuts Prices By An Average 2.3% Ahead Of Planned VAT Cut To 20% As Of Jan 1, 2016
12.18.2015
IKEA Romania decided to cut prices by an average 2.3% for the entire range of products, which includes 9,415 items, while for 344 best-selling items, prices will be cut by an average 15.5% in order to more
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ASF To Cut Some Taxes, Quotas For Insurance And Private Pension Companies As Of January 1
12.10.2015
Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact over ASF more
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GfK: Money Resulted From VAT Cut On Food Returned To FMCG Market
12.04.2015
Romanians spent most of the money resulted from food VAT cut on food products, followed by non-food products, while the rest went to other expenses or saving, according to a GfK survey. more
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Romanians Can Afford To Buy Higher Quality Products After VAT Cut On Food Items - AMRCR
10.13.2015
Romanians started to buy higher quality products after the VAT cut on food items from 24% to 9% in June, Sorana Georgia, vice-president of the association of major retail chains in Romania (AMRCR), more
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Romanians Saved EUR500M In Two Years After VAT Cut On Bread - Rompan
10.13.2015
Romanians saved EUR500 million in two years after the the the sales tax on bread was lowered, Aurel Popa, head of the association of milling and bakery companies Rompan, told “MEDIAFAX Talks about more
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ANRE: Romania To Cut Natural Gas Price By Up To 10% As Of July 2016
09.17.2015
Romania will cut natural gas prices by up to 10% as of July 1, 2016, due to the international evolution of the tariffs, Niculae Havrilet, head of Romania’s energy regulator ANRE, told Mediafax Talks more
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Finance Minister: VAT Cut On Food Items Had Positive Impact Over State Budget
07.31.2015
The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more
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Infrastructure Spending Cut Undermines Romania’s Economy
07.29.2015
Private sector companies are losing competitiveness, real estate assets stay frozen and cannot be sold, wages cannot be raised because of increasing costs and the entire local business sector is more
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VAT Cut On Food Items Triggers 11% Price Cut, 17% Sales Hike -Study
07.02.2015
The VAT cut on food items has triggered an average price decrease of 11% and a 17% sales increase, according to a survey from market researcher Nielsen. more
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Romania Central Bank Doesn’t Want More Rate Cuts
06.16.2015
Romania’s central bank will try to refrain from cutting the monetary policy rate even if the inflation falls in negative territory, as the economy is expected to grow 4% this year and won’t need more