Archive » January 2009 » 30 January 2009 The english news from 30 January 2009
Petrom to lay off 3,000 employees starting February
Petrom, the biggest private employer on the local market, will make 3,000 people redundant throughout the country starting February, which accounts for about 10% of the total number of its employees. "The notice about this step taken by Petrom was initially sent to the agency in Bucharest and then to the agency in Prahova…
Selling stake in insurer triggers 17% hike in net profit of Banca Transilvania to 398.23m lei
The fifth lender by assets in Romania, Banca Transilvania, announced net profit last year climbed 17 percent over the previous one to 398.23 million lei stemming from the sale of stake in insurer Asiban, according to the company's preliminary results. Banca Transilvania's net profit in 2007 stood at 339.97 million lei…
Romanian Govt To Modify Fiscal Code
The Romanian government will modify the fiscal code and approve through an emergency ordinance the absolving of reinvested profit taxation and the compensation of the value added tax, or VAT, with the reimbursed sums from the state through VAT, Prime Minister Emil Boc said Thursday…
Financial protection deficit at €97 bln
The protection deficit of Romania's population indicates the difference in case the member with the highest income dies. This deficit amounts to €97 billion, more than double its 2006 level, said Cornelia Coman, General Manager of ING Asigurari de Viata life insurance company…