Archive » March 2009 » 30 March 2009 The english news from 30 March 2009
IMF requires Romania's government to gradually cut the salary fund to 5% of GDP in four years
The representatives of the International Monetary Fund (IMF) asked the Romanian government to gradually reduce the salary fund from 8 to 5 percent of the gross domestic product (GDP) in the next four years, considering a constant GDP during this period, people close to the negotiations told NewsIn…
Petrom gross earnings and turnover set to drop in 2009
Romania's largest company, Petrom, foresees a 33 percent decline in turnover this year, down to RON 11.125 billion (€2.78 bln), compared to RON 16.75 bln (€4.5 bln) worth of business in 2008. Furthermore, the company, controlled by Austrian OMV group, estimates earnings before interest, taxes, amortization and depreciation (EBITDA) from upstream operations to amount to RON 2.22 billion (€555 mln)…
Romania Fiscal Auth Scraps Postal Sys For Income Statement Delivery/Reception
Romania's fiscal regulator ANAF decided to scarp its postal system for delivery and reception of income statements in an attemp to save 5.33 million lei (EUR1=RON4.2484) and taxpayers will have to submit their income statements directly to the local fiscal offices. "A recent financial analysis indicated that the postal system for delivery and reception of income statements entails costs estimated at RON5,335,000"…
Traian Basescu: European funds attraction, public employees' most important task
President Traian Basescu emphasized the importance public employees have in accessing European funds, adding that this is the most significant task they have to accomplish at present. "You represent a unique chance for Romania. Politicians cannot do what I ask you to do, what the country currently needs. We face a big problem: the incapacity to draw funds made available by the European Union…