Archive » May 2009 » 04 May 2009 The english news from 04 May 2009

  • Half of Romania's lenders in the red at the end of Q1

    About half of the 43 lenders, operating on the local market, registered losses in the first quarter, a first in the last two decades, considering that bankers have pushed up provisions by €0.5 billion in the first two months of 2009. The banking sector lost some €50 million in the first three months of this year, compared to earnings worth about €200 mln in January-February 2008 …

  • Romania has enough drugs in stock to treat 460,000 people against swine flu epidemic

    Romanian Health Minister Ion Bazac assured today the country has enough anti-flu efficient drugs to treat 460,000 persons against the swine flu and the stocks can be increased if the need arises. Moreover, Bazac said Romania has the capacity to produce a monthly output of seven million vaccine shots against the swine flu, with the first shots available starting with September…

  • ArcelorMittal Galati Management Asks Govt To Step Up Infrastructure Projects

    Management at Romanian steel processing plant ArcelorMittal Galati asked the Government to step up the implementation of the infrastructure projects, which would increase the demand for steel, said Sunday company general manager Augustine Kochuparampil…

  • Companies to pay annual minimum tax starting May 1

    Companies will have to pay an annual minimum tax of 2,200 lei (some 500 euros) in Romania, starting May 1, if they have total annual revenues worth below 52,000 lei and a minimum tax of 43,000 lei (some 10,000 euros) if their total annual revenues exceed 129 million lei, according to a normative act referring to the 2009 budget rectification and the regulation of severeal fiscal-financiar measures…

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