Economics
January 18, 2019 11:56
"Year 2018 began under the sign of the fiscal revolution: moving contributions, split VAT, new restrictions to reduce financing costs. It seemed that this year was going to be a set of changes already introduced. But in the last days of 2018, the Government came up with a new and unexpected package of tax measures that surprised and puzzled both taxpayers and even some state authorities. And it seems that things do not stop here, and there will be other changes coming soon. So, our appeal to the predictability of tax legislation is and remains as current, "said Alex Milcev, Partner, Head of the Tax and Legal Aid Department of EY Romania, during the 13th edition of the Annual Tax Conference EY....more »
January 11, 2019 13:33
Nestlé Romania announces its intention to start the closure of its production unit in Timisoara by the end of May 2019.
The Timisoara plant was acquired by Nestlé in 2000 and has an annual production of over 10,000 tons of sweets and coffee and ...more »
January 08, 2019 11:36
The Romanian M&A market neared 2 billion euros in 2018, according to Deloitte Romania research, based on public sources and disclosed deal values. If estimates for deals whose value was not disclosed were factored in, Deloitte estimates that the Romanian M&A market was somewhere between 3.8 and 4.3 billion euros, slightly below the previous year....more »
December 17, 2018 10:56
The fifth annual edition of the Courier and Postal Services Awards Gala gathered some of the most important national and international companies active in the sector to celebrate and reward the achievements, success stories and dedication of companies and individuals that keep the sector on the move. The courier and postal services industry champions of the year received a formal recognition in front of over 100 industry managers, clients and service providers.
FAN Courier has won the award for the courier company of the year and Octavian Baltaru, CEO of Sameday Courier has been awarded as Manager of the Year in the courier and postal services sector....more »
December 10, 2018 13:26
The Ministry of Finance signed five more grant agreements under the state aid scheme for stimulating major investments, as established by GD 807/2014.
The approved projects will create 1,272 new jobs, have a total value of 1 billion lei and ...more »
December 06, 2018 13:20
FAN Courier announced the company expects to close this financial year with a turnover of 145 million euros, in line with its initial forecast, in a consolidated market that will exceed half a billion euros this year. In the 20 years of activity on the Romanian market, FAN Courier has made investments of over 135 million Euros and has become one of the major contributors to the state budget with over 164 million Euros cumulative since 2001. ...more »
December 04, 2018 16:19
The Competition Council has sanctioned nine insurance companies and the National Union of Insurance and Reinsurance Companies of Romania (UNSAR) with total fines of 246,739,195.6 lei (about 53 million euros) for violation of the national and European competition regulations by coordinating market behavior in order to increase the compulsory civil liability insurance (RCA) rates....more »
November 27, 2018 12:41
DPD Romania, one of the most important players on the local parcel and express delivery market, announces strategic changes in the leadership team. ...more »
November 26, 2018 14:04
Oltenia Energy Distribution inaugurates the 110/20 kV transformer power station for the Eastern Industrial Zone of Craiova (ZIEC), the first greenfield project in Oltenia to improve the quality of energy distribution for both domestic and industrial consumers .
The project was completed within 17 months and had a total value of 5.52 million euros (CAPEX), from its own sources. ZIEC is the second largest investment in the history of Distributie Oltenia, after the modernization of Craiova Centru station and illustrates the company's mission to become a strong local partner, supporting the development plans of the region. The station was built with the support of the local public authorities: Dolj County Council, Dolj County Prefect Institution, Craiova City Hall and Gherceşti Town Hall....more »
November 21, 2018 12:54
The Government of Romania, together with the other European Union member states have agreed to the commercial launch of 5G technology in the first major cities in 2020 and the coverage of all urban centers and main transport routes by 2025. To this...more »
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