Archive » February 2009 » 22 February 2009 The english news from 22 February 2009
Big businesses with funds from the state budget
The 2009 state and social security draft budgets, passed at the end of last week by Parliament, after four days of intense debates, leave two problems unsolved: Will taxes collected provide the necessary funds for projects which have been approved on paper and will public institutions be able to shorten proceedings so that the money can make it into the company market as soon as possible?…
Romanian Econ Min, AVAS To Aid Struggling State-Owned Cos
Romanian privatization authority AVAS and the Ministry of Economy will be able to financially support the struggling companies in the state's portfolio through loans, subsidy and working capital infusions, as well as the increase of capital with the value of debts…
Romania's retail market ups 23% y/y in 2008, to lei 219bn
Romania's retail market together with cars and fuel sales saw a 22.6 percent climb to 219 billion lei in 2008 on the previous year, according to a study of the Polish research and consultancy company PMR Publications. The market stood at 178.65 billion lei in 2007, when it reported a yearly growth of 34 percent…