Archive » August 2010 » 24 August 2010 The english news from 24 August 2010

  • VAT stays at 24 pc

    The Senate gathered on Tuesday in extraordinary session, approved the Government's Emergency Ordinance 58/ 2010, by which the VAT is maintained at 24 per cent. The Senate passed the Bill with 64 votes "in favour" and 50 votes "against". Earlier on Tuesday, the government's ordinances aimed at raising VAT and respectively, at modifying the local public finance law, were debated in the Budget-Finance Committee.…

  • Central Bank: Credit risk, main vulnerability of banking sector

    According to the Financial Stability Report on 2010 released on Tuesday by the National Bank (BNR), credit risk remains the main vulnerability of the banking sector. Companies' and households' capacity to properly service their debt is constrained by the prolonged and deep economic contraction, as well as the significant degree of indebtedness, in general, and high foreign currency-denominated debt…

  • Romania, third in EU in terms of monthly advance in industrial new orders

    No less than 16 European Union member states have reported rises in industrial new orders for June 2010 compared with the previous months, with Denmark, the Netherlands and Romania having recorded the highest growth rates, of 23 percent, 8.9 percent and 5.5 percent, respectively, according to data released on Tuesday by the Eurostat statistics office fo the EU. In June 2010 compared with May 2010…

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