Archive » July 2009 » 16 July 2009 The english news from 16 July 2009
Romanian Govt Postpones Vacation Bonus Granting Until Yearend
The Romanian Government decided to postpone the granting of vacation bonuses until the end of the year, when a complete analysis on the evolution of the economy and of the available budget resources will be performed, official sources told MEDIAFAX Wednesday…
Businesspeople's 10 suggestions for Fiscal Code
Maintaining the flat tax, reducing taxation, simplifying procedures regarding the payment of the value added tax (VAT), giving the possibility of choosing the fiscal exercise in accordance with the accounting one, which may not coincide with the calendar year, reducing and introducing social contributions in the Fiscal Code…
Housing prices are thought only for profit
In a free market lacking transactions and full of uncertainties we are witnessing a moderation in housing prices in Romania. At this moment, all the players in the market are interested to know how much they will fall, so that the values attained would be normal and not exorbitant ones, as they were a year ago, but at the same time to be available for trading…
Romania registers highest inflation rate in the EU in June
In June 2009 Romania has registered the highest annual inflation rate in the European Union (5.9 per cent) for the third consecutive month, according to a revised estimate published on Wednesday by the European Statistics Office (Eurostat). In the European Union the annual inflation rate has dropped to 0.6 per cent…
External market optimism pushes Bucharest stock market up by 2%, on low transactions
A series of financial results above estimates reported by large corporations in the U.S. brought back optimism on the markets and raised the Bucharest Stock Exchange (BSE) up by 2 percent, underpinned by powerful hikes in the power and banking sectors…