firms

Romanian Cos To Be Fined For Breaking Financial Audit Obligations – Draft

14:13, 27 Mart. 2011
Romanian firms that are required to audit their yearly financial reports will be fined 30,000-40,000 lei (EUR1=RON4.0881) for failing to do so, and this obligation will now apply to state companies, central depositories and foundations receiving EU funds.

Romanian PM Calls For Shared Responsibility In Absorbing EU Funds

15:07, 04 Feb. 2011
Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds.

Romanian Govt To Increase Minimum Turnover Threshold For Mandatory VAT Payment

18:50, 04 Aug. 2010
Romania’s Government will ask the Council of the EU for permission to increase the level of turnover or revenue after which the registration and payment of VAT becomes mandatory to EUR100,000, from EUR35,000 currently, according to a letter of intent to the stand-by agreement with the IMF.

Romanians Run 25,000 Firms Registered In Italy – UniCredit Official

18:29, 14 Iun. 2010
About 25,000 of the firms registered in Italy are run by Romanians, said the chief of UniCredit institutional relations department, Giuseppe Scognamiglio.

Romanian Lump Sum Tax Might Reach 28% Of Firms’ Revenue – SMEs Council

13:14, 09 Apr. 2010
The lump sum tax Romania plans to levy in 2011 on certain businesses will top, in some cases, the current flat profit tax of 16% and will reach 28% of a company’s gross revenue, if the calculation formula proposed by the Finance Ministry is kept, officials of the Council for SMEs said Friday.

Romania’s Economy Min Resumes Debates On Draft Law Supporting Young Entrepreneurs

19:41, 28 Feb. 2010
Romanian youths that plan to set up firms will be exempt from paying taxes on profit and salaries in the first three years, according to a draft law put up for public debate by Romania’s Ministry of Economy, Commerce and Business Environment, after a similar draft act was debated in September 2009.

Romanian Cos Hiring Unemployed People Exempt From Social Security Contributions For 6 Mos

19:02, 17 Feb. 2010
Romanian companies which in 2010 hire people who have been unemployed for at least three months will be exempt from paying social security contributions for the new employees for six months, as long as the new workers are kept on at least one year and the employer lays off no one.

Romania’s PM Calls For Laws To Stop “Ghost” Firms, Share Transfer To Indebted Firms

13:11, 05 Feb. 2010
Romania’s Government said it will sanction people who transfer shares to firms that have debts to deceased people, people with disabilities or foreign citizens outside the EU.

Romanian SMEs Ministry Designs “Starter Firm” Law For Youths

13:48, 23 Sept. 2009
Romanian youths aged up to 35, who have never owned a company, will be able to set up a firm with a share capital of 10 lei (EUR1=RON4.2293) and which will be exempt from profit and wage taxes in the first three years, according to an initiative of the Ministry for SMEs.

Romanian Trade Registry: 80,000 Cos Suspend Ops In 1H, Up 12-Fold On Yr

16:18, 10 Iul. 2009
The number of Romanian companies that suspended their activity in the first half of 2009 rose sharply compared with the same period a year ago, Trade Registry data shows, signaling the financial crisis and the minimum tax enforcement have taken their toll on the country's economy.

Over 600 Firms In C. Romanian City Requested Activity Suspension In April

18:05, 30 Apr. 2009
Over 600 companies registered in the Romanian city of Brasov requested in April to have their activity terminated, mainly due to the new minimum tax law, which will be applied as of May 1.

Romanian Employers: 40,000 Small Cos Sharply Affected By Lump-Sum Tax

13:51, 15 Apr. 2009
Romanian Employers' Organization disagrees with the government's decision to introduce the lump-sum tax, saying that it will sharply affect 40,000 small companies that will be forced to close down or find ways to declare lower revenues.