Expats

Growth is not going to come from cutting costs alone ? it must come from private and public investment, the US ... [Jan 25, 2012] The US Ambassador to Romania, Mark Gitenstein, attending the Bucharest Stock Exchange conference dedicated to the One Year Anniversary of Fondul Proprietatea (Proprietatea Fund) Listing, yesterday blamed the lack of investors in the Romanian energy sector on ?the profits of publicly-owned enterprises being too often diverted back to state coffers or into the pockets of well-connected individuals ... [via YahooNews] More >>

Romanian gangs 'drive increase in metal theft' as cost of plunder hits [Nov 14, 2011] Criminal syndicates normally linked to child trafficking and street begging are attracted to scrap dealing by quick profits and the low risk of being caught. [via YahooNews] More >>

Transelectrica CEO Sees Romanian Price Increase Halting Decline in Profit [Jan 04, 2011] Romanian grid operator Transelectrica SA ? 10 percent price increase will boost revenue and halt declining profits, Chief Executive Officer Stelian Gal said. [via YahooNews] More >>

Romania Stands By Flat Tax, [Jul 20, 2010] During a recent gathering of small- and medium-sized enterprises in Bucharest, Romanias Prime Minister Emil Boc announced government plans to maintain the flat tax of 16% imposed on income and profits, while also confirming plans to abolish the minimum tax from the autumn. [via YahooNews] More >>

Nine O'Clock [Jun 01, 2010] Difficulties in Greece have had no powerful direct effects on local banking sector. Hellenic banks in Romania report total profits of over EUR 32.5 M in Q1 of 2010, Hotnews reports. [via YahooNews] More >>