Economics
Romania: State aid amendments with a focus on investments in assets and new jobs
September 13, 2019 15:54
by Iulian Sorescu, Financial Advisor, Auditor at NOERR On 12 September 2019, the Ministry of Public Finances published two new draft amendments to state aid legislation, specifically the state aid scheme governed by G.D. 807/2014 on investme...more »
Romania remains at the top for VAT collection deficit, for the 5th consecutive year
September 06, 2019 14:38
The 36% VAT collection deficit places Romania, for the 5th consecutive year, in the top spot in the ranking published by the European Commission (EC) on September 5, 2019. Compared to 2013 and 2014 when the difference between the amount actually co...more »
The Romanian media and entertainment industry will reach the USD 3 billion threshold in 2019
July 23, 2019 10:13
The media and entertainment industry in Romania will reach the USD 3 billion threshold in 2019, 7.1% up from 2018, but remains the smallest market in Central and Eastern European (CEE), according to the 20th edition of PwC Global Entertainment &...more »
Diary producer Olympus has invested 4 million euros in a biogas plant
July 17, 2019 12:05
Olympus, one of the largest dairy producers in Romania invested 4 million euros in a biogas plant, located on the platform of the Halchiu Olympus plant in Braşov County. The station produces an average of up to 600 cubic meters of biogas per hour ...more »
The M&A market regained its pace in the second quarter of 2019
July 15, 2019 12:12
The mergers and acquisitions market in Romania revealed a significant growth in the second quarter of the year, compared to the first quarter and to the same period in 2018 as well. According to Deloitte estimates, the total market value, including...more »
PwC Report: Over the next ten years, 600,000 jobs in Romania, affected by digital transformation
July 05, 2019 12:56
Over the next ten years, the digital transformation generated by new technologies will affect 600,000 jobs in Romania, according to the PwC's Workforce Disruption Index, presented on July 2, 2019 at Workforce for the Future. Upskilling fo...more »
Serapis MFI is for thirteen consecutive years Brasov County's strongest company in its sector
July 05, 2019 11:52
In May 2019, Serapis Integrated Facility Management SA received a truly exceptional diploma from the Brașov Chamber of Commerce and Industry. This comes as a recognition of winning in thirteen consecutive editions of the fourteen counts of the Cou...more »
The Government approved the 5G Strategy for Romania
June 21, 2019 13:14
The Romanian government adopted the 5G Strategy for Romania, a technology that should bring Internet speeds up to 20 times faster. The adoption of this strategy places Romania alongside 12 other countries that have already launched 5G strategies, including Austria, Denmark, France, Germany and Italy....more »
New BrightSites smart pole by Signify turbocharges cities’ smart city infrastructure
June 20, 2019 13:06
Digital infrastructure today is important to a city’s economic vitality and quality of life, on par with physical infrastructure like roads, bridges, and water pipes. Yet most components of a city’s digital backbone are insufficient to meet the...more »
Romania recycled only 14% of municipal waste for the last 8 years
May 30, 2019 12:36
Authors: Adrian Teampău, Associate Partner, Department of Tax and Legal Assistance and Laura Ciobanu - Manager, Environmental Consultancy, EY Romania The European Union aims to become a global leader in waste management and recycling, but Rom...more »
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