Economics

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 »

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 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 »

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 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 »

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 »

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 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 »

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 »

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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