Archive » August 2009 » 03 August 2009 The english news from 03 August 2009
Romanian Social Democrats Frown On Vat Increase, Want Min Tax Scrapped In Sept
Romania's social democrat minister for SMEs, Constantin Nita, told a news conference Sunday that his Social Democratic Party doesn't support a VAT increase and insists the government cancels the minimum tax as of September 1.…
Analysts - not optimistic on economic indicators' evolutions in 2009
The budgetary deficit most realistically to be negotiated with IMF is 7-7.5 per cent and the measure to downsize civil servants by 20 per cent is an appropriate and necessary one, as Bogdan Baltazar, financial adviser, said yesterday, cited by Agerpres.…
BCR has rescheduled up to 20% of distressed loans
The CEO of Banca Comerciala Romana (BCR) lender, Dominic Bruynseels, says that some 10-20 percent of the loan files analyzed for clients with difficulties in repaying loans have been rescheduled. BCR, the country's largest lender, evaluated some 20,000 files, at the demand of clients. Most of these were consumer loans, and only 2,500 files were mortgages.…
Government to register tips in casinos
Tips offered at casinos to croupiers, waiters and cashiers will be shown separately in accounting, considered as income of the organiser, and may be distributed by the management to employees. The gambling hall attendants will be required to wear only uniforms without pockets.…
POLL: Romania's central lender to slash key rate to 8.5%, on economic contraction, deflation
The strong contraction of Romania's economy will lead to a cut of the benchmark rate to 8.5 percent during the central lender's monetary policy session on August 4, following the deflationary trend and the leu's stability, analysts deem, betting also on the same level for minimum mandatory reserves.…