Economics
The tax treatment of uncollected invoices changes - the cancellation of the debt is deducted in full, but its recovery is penalized
December 14, 2020 09:11
Opinion material by Alexandra Smedoiu, Fiscal Services Partner, Deloitte RomaniaCompanies that face problems in collecting invoices will benefit, from next year, from an improvement in the conditions in which they can deduct their losses from uncolle...more »
Colosseum Mall will host two KFC restaurants, including a Drive-Thru unit
December 10, 2020 18:41
Colosseum Mall will host next year two KFC restaurants. One of the two locations is going to be a Drive-Thru restaurant with over 300 sqm, while the other one will be a « fast food » restaurant within Colosseum Mall’s food court, with...more »
FAN Courier increased turnover by 22% to 205 million euro this year
December 10, 2020 17:35
FAN Courier estimates that it will end 2020 with a turnover of 205 million euros - close to the “milestone” of 1 billion lei, higher by over 22% compared to the previous year, as effect of the increase in demand for courier services, amid the c...more »
Filip & Company assists the Ministry of Public Finance in a EUR 2.5 billion Eurobond issue
December 04, 2020 17:00
Filip & Company, in collaboration with Linklaters, assisted the Ministry of Public Finance in a two-tranche Eurobond issue that drew over EUR 2.5 billion from the international markets. The first tranche of EUR 1.5 billion has a 20-year maturi...more »
Focusing on regenerative agriculture and moving to renewable electricity, Nestlé redoubles efforts to combat climate change
December 04, 2020 16:12
As a signatory of the UN ‘Business Ambition for 1.5°C’ pledge, Nestlé is one of the first companies to share its detailed, time-bound plan and to do so ahead of schedule. The company is taking measures to halve its emissions by 2030 and achie...more »
The total value of the Romanian postal services market was 3.04 billion lei in 2019
December 03, 2020 18:07
The total value of the Romanian postal services market was 3.04 billion lei in 2019, 3% less than in 2018. Thus, one inhabitant generated during 2019, on average, revenues for postal service providers worth 157 lei. Depending on the revenues from p...more »
Electric vehicles sales are expected grow annually by 30% over the next decade, and one in three new cars sold globally will be electric by 2030
November 27, 2020 09:20
Electric vehicles sales are expected to reach an annual growth rate of 30% over the next ten years, so that by the end of the decade one in three new cars sold globally will be electric, according to the Deloitte report “Electric Vehicles. Settin...more »
Bus manufacturer Solaris delivered 37 vehicles on the local market in 2020
November 26, 2020 11:12
Solaris Bus & Coach, a global leader in the production of electric vehicles for public transport, delivered 37 vehicles on the local market this year, of which 26 trolleybuses in Brașov and 11 hybrid buses in Satu Mare. Thus, the company reach...more »
Zitec acquires Under Development Office, a company with an international portfolio in mobile & blockchain development
November 24, 2020 17:29
Zitec, leader on the Romanian IT & Digital Marketing market, specialized in the development of digital transformation solutions and services, acquired the team and portfolio of Under Development Office, a software development agency specializin...more »
ALRO extended with three years the revolving syndicated credit facility in total amount of USD 150 million coordinated by EximBank
November 24, 2020 08:19
ALRO S.A., one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, extended until 2023, two syndicated credit facilities cumulating USD 150 million, under the coordination of EximBank. The bank...more »
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