SIMILAR ARTICLES

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU – Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Stop comparing yourself with Poland and Hungary / BNR report in Senate, boycotted by PSD: Stop playing with fiscal policy, do not expect everything from monetary policy. Liviu Dragnea’s reaction

The National Bank of Romania (BNR) is working on a permanent basis with the Government and the Ministry of Finance, but has no “power over… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult

Unions: State will pay detainees between EUR 370 -550 million

Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case… Mai mult

Bizarre government project Casa de Comert SA: name is booked since years ago at Trade Registry

de Victor Bratu , 27.12.2017

Last week, the Ministry of Economy has launched to a public debate a draft government decision to establish the company Casa de Comert, which, according to the explanatory memoranda attached, aims at recovering the economic losses “caused by the gradual withdrawal of the state from the economy.”

If they had had the precaution to check with the Trade Registry before uploading the draft government decision on the website, the Ministry of Economy officials could have found that they cannot establish the company with that name simply because the name “Casa de Comert SA” is reserved since several years ago. The information was provided to cursdeguvernare.ro by the CCIR President, Mihai Daraban.

What state’s “Casa de Comert” is, compared to chambers of commerce in the economy

The Ministry of Economy proposes to the Government to establish “Casa de Comert SA”, which “aims at integrating and syndicating business offers, aggregating their capacities, to offer complex businesses and objectives, as well as prospecting markets and promoting products and services.”

The reason why this initiative emerged is explained in the explanatory memorandum: “One of the effects of restructuring the Romanian economy through the transition from the centralized economic system to the market economy, as of 1990, was a decline in the export competitiveness of the Romanian economy, following the loss in the entrepreneurship capacity of the complex entities, as well as the capacity to respond to big and highly complex offer requests by integrating the offer of products and services at the level of the Romanian economy“.

The President of the Romanian Chamber of Commerce and Industry, Mihai Daraban, strongly believes that, despite the good intentions expressed in the support of the project, “it will be an entity that will take the path of state institutions” and not have the utility alleged by its initiators.

They want to manage things they cannot manage,” says Mihai Daraban, who states that this is not the only unrealistic project promoted by the Government: “It also happened with the famous share of Romanian goods in supermarkets, a seemingly generous but unsustainable project“.

Among the state company’s activities is the trade with live animals, and Mihai Daraban chooses this potential activity in support of his claims:

The Ministry of Economy says it wants to support small producers, to sell live animals. Very well. A potential business is the export of the young rams in the Orient, but there are a few things that the minister does not seem to know: Let’s say you go buy rams and find a shepherd willing to give you 10. First, you learn that the man does not have a POS, so you must take the bag with cash with you. Let’s say you buy them. How do you transfer them to Constanta, in the port? Let’s say you solve that too. When they arrive in Constanta, the 10 young rams should wait for other rams, as they could not leave alone… So, before they leave, you must feed them, give them water to drink, shelter them somewhere. Suppose an export batch is organised. Animals must be vaccinated before. Let’s not forget, in the meantime, you must look for a ship to transport the rams, as we do not have anyone anymore. On paper, things seem simple; we trade, not a big deal… There will be surprises …”

“Dowry” of Casa de Comert: headquarters, share capital of RON 1.5 million and green light for loans

According to the draft legislation, the initial share capital of the company Casa de Comert SA. consists of in-kind contributions, represented by the building from 23 Olari Street, district 2, Bucharest and a cash contribution of RON 1,500,000.

As at the date of company establishment only RON 1 million has to be paid, the draft authorizes the future company to approach alternative types of financing and the company is authorized to contract loans, including by issuing bonds.

The management of the company will be endured by a board, whose members are appointed by the ministry. The first task of the board is to approve the organizational structure of the company and the number of jobs.

According to the Articles of Association elaborated by the Ministry of Economy, the company’s main field of activity is CAEN code 461 “Intermediation activities in wholesale trade”.

It is complemented by the following secondary activities:

  • 4611 Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished
  • 4612 Agents involved in the sale of fuels, ores, metals and industrial chemicals
  • 4613 Agents involved in the sale of timber and building materials
  • 4614 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
  • 4615 Agents involved in the sale of furniture, household goods, hardware and ironmongery
  • 4616 Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
  • 4617 Intermediation in the trade of food, beverages and tobacco
  • 4618 Agents specialised in the sale of other particular products, n.c.a.
  • 5812 Activities of editing guidebooks, directories and mailing lists, and similar ones
  • 5819 Other editing activities
  • 5829 Other software publishing
  • 6311 Data processing, hosting and related activities
  • 6312 Web portals
  • 6399 Other information service activities n.e.c.
  • 6499 Other financial service activities n.e.c.
  • 7021 Public relations and communication activities
  • 7022 Business and other management consultancy activities
  • 7220 Research and development in social sciences and humanities
  • 7320 Market research and public opinion polling
  • 7490 Other professional, scientific and technical activities n.e.c..
  • 8230 Organization of exhibitions, fairs and congresses
  • 8299 Other business support service activities n.e.c.
Mergeți în homepage ›

Publicat la data de 27.12.2017

Lăsați un comentariu


NEWS

Industrial production, up 7% in first two months of 2018, compared to the same period of last year

Industrial production (gross series) was up 7% in the first two months of 2018 compared to the same period in 2017, following the growth in… Mai mult

Deloitte study: Romania vs. EU - Tax rules applied to losses from selling bad loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study for analysing the tax treatment of the sale of receivables and the… Mai mult

Transgaz, favourite to take over Greek natural gas transport operator

The US and the EU support Transgaz-Reganosa (Spain) offer to take over the Greek natural gas transport operator DESFA, for geopolitical reasons, the Greek media… Mai mult

Workforce (i)mobility: Unemployed young Romanians are not willing to move to another locality for a job

Romania has one of the highest percentages of young unemployed people who would not leave their hometown to find a job (either in the country… Mai mult

Unions: State will pay detainees between EUR 370 -550 million

Total compensation that the state will pay to detainees who have been imprisoned in improper conditions will be between EUR 370 million (in the case… Mai mult

Schweighofer sells forest domains owned in Romania and only keeps processing activities

Schweighofer Group, one of the European leaders in wood processing, announced on Monday "a strategy change": it sells its subsidiary Cascade Empire S.R.L. (Cascade Empire)… Mai mult

Dancila government has established "Commission for Preparing Changeover to Euro". Another committee has been already doing the same thing for a year and a half

On Wednesday, the Government adopted an Ordinance aimed at establishing a commission for preparing the timetable for Romania's accession to the single European currency. Prime… Mai mult

Mangalia Shipyard: Agreement between Ministry of Economy and Damen. Dutch buy Daewoo shares, give state 2%

The state has reached an agreement with Damen Shipyards Group after blocking for several months the takeover by Dutch company of Daewoo's shares at Mangalia… Mai mult

CCR judges are no longer willing to participate in MCV assessments

The President of the Constitutional Court (CCR) has communicated to the European Commission (EC) delegation the fact that "the Court plenary expressed its wish not… Mai mult

Five priorities of the Coalition for the Development of Romania presented to Dancila government

Representatives of the Coalition for the Development of Romania (CDR), an initiative of the Romanian business community coordinated since the beginning of this year by… Mai mult

Romania to host regional centre for endowment of Black Hawk helicopters for Central Europe

Romaero and American company Sikorsky, part of the Lockheed Martin group, have signed an industrial partnership agreement that will lead to the establishment of a… Mai mult

State-owned companies forced to participate in public tenders

The Government approved on Thursday a memorandum that includes a series of measures targeting publicly owned or controlled companies. Basically, the document forces the state-owned… Mai mult

Country Report - European Semester: Romania risks a tough economy landing at change of cycle, because of growth model

"In the absence of structural reforms and fiscal consolidation, Romania's strong economic growth risks creating the conditions of a tough landing," in case of a… Mai mult

Governance and Congress: Prime Minister Dancila appointed PSD Vaslui and Neamt leaders’ sons as state secretaries

Prime Minister Viorica Dancila, who is aspiring to the position of PSD executive president, promoted the sons of PSD Vaslui and Neamt presidents to government… Mai mult

Monopoly on natural gas market in Romania: Interests supported by deputy Iulian Iancu push Romania to an open conflict with European Commission

The European Commission will sue Romania at the European Court of Justice if the Parliament in Bucharest adopts the amendments to the Emergency Ordinance 64/2016… Mai mult