The Swiss Federal Council will offer a EUR 140 million financing for Romania, with the targeted areas including the development of the business climate, the reform of the judicial system, the Eastern border security, education and social inclusion. The two countries have recently signed an agreement for a Swiss-Romanian Cooperation Programme on narrowing the economic and social disparities within the European Union.

The Romanian Senate has OKed the new law on consumer credit contracts, which removes the early repayment fee for loans with floating interest rate. The ordinance transposes a a European Directive in Romanian legislation.

*Every job in a multinational is chased by hundreds of candidates – in Ziarul Financiar
*Head of Asesoft, in top 20 wind park developers, with 340 MW projects – in Ziarul Financiar
*Smart Wings wants to enter Bucharest – Prague low cost flights – in Ziarul Financiar
*EUR 135 million funds from the Swiss Federal Council – in Ziarul Financiar
*Small and medium companies need to submit taxation declarations online – in Ziarul Financiar

'I have noticed that as far as the rise in the VAT is concerned, VAT tax collection in the first month of its implementation was 25 percent higher than in the months before. This could be a positive signal, but we have to wait and see how things evolve.

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.

Romanian investment fund Fondul Proprietatea will pay out a gross dividend of 0.816 lei a share for the 2008 and 2009 profits, according to a shareholders’ decision on Monday. The fund will start paying the dividends, which sum up around EUR 260 million, as of October 11.

Fondul Proprietatea shareholders have chosen Deloitte & Touche to audit the fund's financial situations. Only two companies had filed offers to audit the fund's financial results. The other bidder was a Romanian firm from Piatra Neamt, Expert Cont.

The Romanian Finance Ministry will have to refinance a EUR 4 billion debt in 2011, found a survey issued by ING Bank. The country's public debt fell to EUR 41.2 billion in June from EUR 41.5 billion a month earlier.

Officials in the Romanian and Bulgarian Economy Ministries decided to take a common position as regards the construction of Nabucco gas pipeline, which is a priority project for both countries. Representatives of both ministries met on September 2-3 in the capital city Bucharest to analyze the evolution of the Nabucco project, Romania's Economy Ministry said in a statement on Monday.

Romania and Ukraine will likely face “strong” demand for their planned Eurobond offerings after the Czech Republic raised euro-denominated debt in an oversubscribed issue, Credit Agricole Cheuvreux SA said, quoted by Bloomberg.

The Swiss Federal Council will offer a EUR 140 million financing for Romania, with the targeted areas including the development of the business climate, the reform of the judicial system, the Eastern border security, education and social inclusion. The two countries have recently signed an agreement for a Swiss-Romanian Cooperation Programme on narrowing the economic and social disparities within the European Union.

The Romanian Senate has OKed the new law on consumer credit contracts, which removes the early repayment fee for loans with floating interest rate. The ordinance transposes a a European Directive in Romanian legislation.

*Every job in a multinational is chased by hundreds of candidates – in Ziarul Financiar
*Head of Asesoft, in top 20 wind park developers, with 340 MW projects – in Ziarul Financiar
*Smart Wings wants to enter Bucharest – Prague low cost flights – in Ziarul Financiar
*EUR 135 million funds from the Swiss Federal Council – in Ziarul Financiar
*Small and medium companies need to submit taxation declarations online – in Ziarul Financiar

'I have noticed that as far as the rise in the VAT is concerned, VAT tax collection in the first month of its implementation was 25 percent higher than in the months before. This could be a positive signal, but we have to wait and see how things evolve.

The Swiss franc – Romanian leu exchange rate reached a peak of RON 3.35 per franc on Wednesday, after the Swiss currency has continuously appreciated throughout the year. The Romanian currency depreciated by 18 percent against the Swiss franc compared to January this year.

Romanian investment fund Fondul Proprietatea will pay out a gross dividend of 0.816 lei a share for the 2008 and 2009 profits, according to a shareholders’ decision on Monday. The fund will start paying the dividends, which sum up around EUR 260 million, as of October 11.

Fondul Proprietatea shareholders have chosen Deloitte & Touche to audit the fund's financial situations. Only two companies had filed offers to audit the fund's financial results. The other bidder was a Romanian firm from Piatra Neamt, Expert Cont.

The Romanian Finance Ministry will have to refinance a EUR 4 billion debt in 2011, found a survey issued by ING Bank. The country's public debt fell to EUR 41.2 billion in June from EUR 41.5 billion a month earlier.

Officials in the Romanian and Bulgarian Economy Ministries decided to take a common position as regards the construction of Nabucco gas pipeline, which is a priority project for both countries. Representatives of both ministries met on September 2-3 in the capital city Bucharest to analyze the evolution of the Nabucco project, Romania's Economy Ministry said in a statement on Monday.

Romania and Ukraine will likely face “strong” demand for their planned Eurobond offerings after the Czech Republic raised euro-denominated debt in an oversubscribed issue, Credit Agricole Cheuvreux SA said, quoted by Bloomberg.