Archive » April 2010 » 01 April 2010 The english news from 01 April 2010
P&G sells Romanian professional haircare business to Interbrands
Interbrands, Romania's largest distribution company has agreed to handle the distribution operations of Salon Profesional products in Romania, held by Procter & Gamble and buy Wella professional haircare products business. The deal will be subject to antitrust scrutiny, and a final decision is due to be made public over the next few months…
Alro forecasts double profit in 2010
The largest aluminium producer in the Central and Eastern Europe, Alro Slatina (south-west of Bucharest) estimates 57 million dollars net profit in 2010, almost double as 30.7 million dollars in 2009, according to a news release sent Bucharest Stock Exchange…
Euro-barometer: 57% of Romanians consider European agriculture and rural development very important
57% of Romanians consider the topic of agriculture and rural development at European level very important while the EU average is 46%, and Eurobarometer study published on Tuesday by the European Commission shows. The largest proportion of those who consider agriculture as very important was registered in Greece (68% of the population) and the smallest in Lithuania (34%)…
Romania, Serbia wish to strengthen bilateral economic relations
The economic cooperation prospects between Romania and Serbia and the ways to make the bilateral trade more dynamic were among chief topics of the talks held by state secretary for foreign trade in the Ministry of Economy, Trade and Business Environment (MECMA) Maria Parcalabescu and her Serbian counterpart Vesna Arsic…
Law draft on fiscal budgetary responsibility, passed by MPs
Chamber of Deputies debated and adopted on Tuesday the law draft on fiscal budgetary responsibility, with 135 votes in favor, 97 against and one abstention.The law draft is going to be sent for promulgation. According to the official report, this project is aimed at regulating the drafting procedures of multi-annual budgets, by setting up limits for budget rectifications during the year…
Drinks and tobacco exports gross 425.8M euros in 2009
Romania exported drinks and tobacco worth 425.8 million euros (over 1.803 billion lei), in 2009, read data the National Statistics Institute (INS) supplied. During the same year, our country imported drinks and tobacco worth 318.9 million euros (1.35 billion lei), recording an excess of 106.9 million euros (453 million lei)…
Romania supporting role of cultural industries in EU's new economic growth model
Romania is aware of the importance of cultural development and creativity within the Europe 2020 strategy and it is supporting the economic dimension of its cultural and creative industries, state secretary with the Romanian Ministry of Culture and National Heritage Vasile Timis told Agerpres on Thursday…
Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of his Visit to Romania
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Bucharest at the conclusion of his visit to Romania: "It was a great pleasure for me to visit Romania and have the opportunity to discuss the country's economic progress with a broad range of people here"…
IMF calls for measures to combat tax evasion
The Minister of Public Finance, Sebastian Vladescu and IMF mission chief in Romania, Jeffrey Franks held a round of talks Wednesday, focused on means to raise state revenues by combating tax evasions. "We discussed about possible means to raise state revenues by combating tax evasion. IMF said the country has made visible progress in this regard"…
Georgian Press: Romania is one of Georgia's 'best friends'
Minister of Foreign Affairs of Romania Teodor Baconschi paid an official visit to Georgia on March 30. After laying a wreath at the memorial to the soldiers who died for the unity of Georgia, Baconschi held a meeting with Grigol Vashadze, his Georgian counterpart, at which they discussed a variety of issues…
Grant agreement between Romania and Moldova to be signed late this April
A 102-million-euro grant agreement between Romania and Moldova will be signed late this April in Bucharest as part of a visit to Bucharest by Moldova's interim President Mihai Ghimpu, Romanian Prime Minister Emil Boc said on Wednesday in Chisinau. The agreement focuses on transport end education infrastructure…
MFP sells Gov't securities worth more than RON 498 million
The Ministry of Public Finance (MFP) on Thursday raised RON 498.72 million (nearly 117.34 million euros) through an issue of Government benchmark securities maturing in three years, tendered by the National Bank of Romania (BNR). The securities mature in July 2013. They have an average yield of 6.8 percent and pay a coupon of 6.25 percent…
Romania's international reserves exceed 34 billion euros
On March 31, 2010 Romania's international reserves - foreign exchange plus gold stocks - stood at 34.784 billion euros as compared to 32.465 billion euros on February 28, the National Bank of Romania informs on Thursday. On March 31 the foreign exchange reserves amounted to 32.036 billion euros against 29.739 billion euros on February 28…
Senators voted the VAT to be paid when the invoice is paid
The senators approved on Wednesday the amendment to the Fiscal Code, by introducing the date of payment for the invoice as the moment when the VAT is due to the state budget. According to the legislative proposal, the quota of the tax will be established according to the value of payment. In favour for the amendment voted 49 senators, and against 29…