Archive » February 2007 » 26 February 2007 The english news from 26 February 2007
Over 1,900 employees to be dismissed after the liquidation of Tractorul Brasov
Brasov - The General Assembly of the Shareholders has decided to commence the liquidation procedures at Tractorul Brasov Factory. Gigi Becalli, Paunescu brothers, Atlassib and Mahindra&Mahindra are among investors interested in the plant.…
Vodafone expanded 3G broadband services to six cities
Bucharest – Vodafone Romania expanded mobile access services to Internet 3G Broadband (HSDPA) to Cluj – Napoca, Brasov, Timisoara, Constanta, Craiova and Iasi, after having them available in Bucharest, early November last year.…
Insurance Mkt Registers Losses in '06
Last year, the Romanian insurance market registered losses, as a result of the higher damages paid (up by 54% y/y) than the underwritten premiums (up by 34% y/y).…
Companies still struggling with compliance obligations, says Ernst & Young
Romanian companies have to deal with a considerable amount of additional formalities and paperwork related to their VAT and indirect tax obligations following Romania's accession to the European Union and the implementation of the EU Sixth VAT Directive.…
The Balkan Hordes: where Are They?
The hysteria surrounding the accession of Romania and Bulgaria into the EU in January says far more about our 'Little Englander' mentality than the ambitions of those from eastern Europe. Nobody knows how many Romanians and Bulgarians are living in Britain, probably some tens of thousands. But most who want to work have been here for years.…