Financial Press Review, December 9
Articles from Ziarul Financiar, Curierul Naţional, Economistul and Bursa.
Articol de Costi Dumăscu, 09 Decembrie 2010, 19:27
Companies prefer insolvency to restructuring – the front page of the Curierul Naţional reads.
In the two years of financial meltdown, tens of thousands of companies have resorted to insolvency hoping to solve the problems they were having, while most of the time they had little or no information on the procedure.
Many entrepreneurs would rather lie low under the insolvency umbrella, waiting to be saved, rather than restructure their debentures.
The Ziarul Financiar also discusses the subject: ‘What should a company do at the first signs of financial trouble? What is the best way to restructure in order to avoid bankruptcy?’
Restructuring means cutting costs and boosting your business. – the Ziarul Financiar explains.
Finding a source of financing, cutting costs and boosting sales are the first steps that a company needs to take when it is in financial trouble.
But, figures aside, people are the first to help the business get back to its feet. This is the conclusion reached by the businesspeople, lawyers and consultants attending yesterday's conference organised by the Ziarul Financiar.
Petrol and tobacco excieses could rise next year – the Economistul reads.
According to an emergency ordinance that modifies the Fiscal Code, petrol and tobacco excises will increase starting January 1st.
According to the document mentioned in the Economistul, alcohol and coffe excises will be kept in place.
As for this year’s first quarter, the daily Bursa reads that the electronic communications market and internet services have had the biggest boosts.
As for telephony, the number of active users of mobile services has decreased by 4 percent, while voice traffic has increased.
Romanian have talked more on their cells in the half year: around 25 billion minutes.
Anyway – the Bursa also reads - fixed telephony has had a similar evolution: less subscriptions, and access routes implicitly, but more traffic and a higher average duration of a call.
Translated by Gabriela Lungu
MA Student, MTTLC, Bucharest University
