Articolele autorului Andrei Cîrchelan
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Progressive Taxation Would Hike Workforce Costs - Romanian Ctrl Bk Official
A return to progressive taxation would not help balance the budget deficit, since taxes collected on revenue represent some 3% of the gross domestic product, but personnel costs would surge, Thursday said Eugen Radulescu, audit manager at the central bank. citeşte tot
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Romania Could Become SE Europe's Energy Mkt Hub - Hidroelectrica Chief
Romania has the chance to become an energy market hub in southeastern Europe, but it might miss this opportunity if it fails to make clear investment decisions on the production units' upgrade, Wednesday said Mihai David, general manager of Romanian hydropower producer Hidroelectrica. citeşte tot
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E.ON Romania Head Blasts Local Mkt's Flawed Competition, Regulation
Romanian gas prices are artificially kept low, and the local electricity and gas markets are not competitive, which is why investors are not really interested in Romania, according to Frank Hajdinjak, CEO of German utilities group E.ON’s Romanian unit. citeşte tot
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Romania’s Upcoming Pwr Giants Should Be “Rethought” - Senate Speaker
Romania’s Senate Chairman Mircea Geoana Wednesday said authorities should rethink the creation of the two national power giants, and to find ways to cut the household consumption prices of energy and natural gas. citeşte tot
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Romanian Bks May Face Full-Portfolio Provision Booking On Consumer Loans
Romanian banks could be forced to book provisions for all consumer loans granted should they lose even one lawsuit on the application of the Government Emergency Ordinance 50/2010 regulating loan interest rates, the head of the banks association ARB said Monday. citeşte tot
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Romanian Transgaz Medias Head Replaced - Sources
The general manager of Romanian state-owned gas transporter Transgaz Medias (TGN.RO), Florin Muntean, has been replaced with the chief of the national gas dispatcher, Florin Cosma, people close to the matter told MEDIAFAX. citeşte tot
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Austrian Cos Still Interested In Romania, But Require Transparency
Austrian companies are still interested to invest in Romania, but they ask for more transparency, efficiency and consistency in public administration, as well as the improvement of the legal system, according to Rudolf Lukavsky, representative of the Austrian Embassy to Bucharest. citeşte tot
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Romania’s OMV Petrom Hikes Pump Prices By Up To RON0.06/Liter
Romania’s largest oil company OMV Petrom (SNP.RO) on Monday raised its gasoline and diesel oil pump prices by 0.06 lei (EUR1=RON4.2523) and RON0.03 per liter, respectively, the company said in a statement. citeşte tot
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Enel Romania Appoints Radu Cosarca As External Relations Manager
Romanian former journalist Radu Cosarca was appointed manager in charge with external relations at Enel Romania, the local subsidiary of Italian utilities group Enel, people close to the matter told MEDIAFAX Wednesday, information confirmed afterward by Enel Romania. citeşte tot
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Romanian Govt Slashes Thermal Rehab Funds, Blames Crisis
The Romanian government slashed three quarters from the energy efficiency budget, to 11.7 million lei (EUR1=RON4.2327), as opposed to RON40 million, according to a decision adopted Wednesday. citeşte tot
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Romanian Govt Slashes VAT Funds For Local Mayoralties
The sums taken from VAT collections and transferred to Romanian local budgets will be reduced by 2.1 billion lei (EUR1=RON4.2347) in the upcoming budget revision, according to the draft obtained by MEDIAFAX. citeşte tot
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Romanian State-Owned Cos To Donate Unused Funds To State Budget
Romanian state-owned energy companies Electrica and Romgaz will donate 400 million lei (EUR1=RON4.2404) each to the state budget, while the Lottery will donate RON74 million, according to the draft of the first budget revision this year obtained by MEDIAFAX. citeşte tot
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Romanian New Car Registrations Dn 2.2% YY To 10,381 Units
Romanian new car registrations fell 2.2% on the year to 10,381 units in July, Interior Ministry data showed Thursday. citeşte tot
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Hagi Borrows EUR4.2M From Romanian BRD For "Football Academy"
Romanian former football icon turned businessman Gheorghe Hagi signed two loan agreements with BRD-Groupe Societe Generale (BRD.RO), for EUR3.5 million and, respectively, EUR665,000, to finance some of the investments at his “Gheorghe Hagi” Football Academy. citeşte tot
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Romanian Econ Min Says Gas Price Will Tend To EU Average After Liberalization
Romanian Economy Minister Adriean Videanu on Thursday said the liberalization of natural gas market will bring prices in Romania at the European Union average, not at the Russian import price levels. citeşte tot
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Romanian OMV Petrom Sees Fuel Retail Sales Dn 10% In '10
Romanians could buy 10% less fuel for their cars this year, and a prognosis for 2011 is tough to make, as fuel sales are influenced by government actions, OMV Petrom (SNP.RO) chief executive Mariana Gheorghe said Wednesday. citeşte tot
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Romanian Econ Min Sacks Nuclearelectrica’s Board President
Romanian Economy Minister Adriean Videanu on Wednesday dismissed the president of the managing board of nuclear power producer Nucleareclectrica, Gabriel Irimie Bacaintan. citeşte tot
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Romanian Procurement Watchdog Notifies Govt On Shady Deals At Pwr Co
The Romanian National Authority Regulating and Monitoring Public Procurement (ANRMAP) will notify the Government’s Control Body regarding the purchase by state owned hydro power company Hidroelectrica of vehicles worth RON3.78 million (over EUR1 million) throughout 2008. citeşte tot
