Sphera Franchise Group reported a rise of 25.9% in consolidated sales, to RON 694 million, in the first nine months of 2019, following a 23.5% Y/Y growth in Q3. This nine-month performance was fueled by the continuous growth in sales of USFN Romani...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 »

A team of PwC Romania, made up of specialists from the M & A and Business Recovery Services (BRS) departments, is in charge of finding a buyer for Prima TV, the TV station owned by Prima Broadcasting Group SRL as the company's representatives a...more »

Dragos and Adrian Paval, owners of DIY network Dedeman launch a new equity fund, Equiliant Capital, targeted to invest in small and medium-sized businesses. The fund will be fully funded by Paval Holding, a company with a social capital of one billion euros, the largest direct holding of Romanian entrepreneurs. Pavăl Holding is the largest company set up in 2018 according to the share capital and is owned by Dragoş Pavăl in the proportion of 60% and by Adrian Pavăl by 40%....more »

A PwC Romania study that has compared the performance of the most relevant two indexes of the Bucharest Stock Exchange (BET and BET-TR) with the Yield to Maturity of the Romanian Government Bonds, has found that the capital market indexes have genera...more »

CITR was appointed judicial administrator in the insolvency proceedings of Octagon Contracting & Engineering, at the request of the builder, at the April 5 meeting of the Bucharest Tribunal.The reasons for the insolvency of one of the most important ...more »

The 2019 M&A market will count around 100 deals, keeping a similar trend with the 2008-2018 period, according to Deloitte Romania Financial Advisory estimations. Also, the average transactions value for 2019 is estimated by Deloitte Romania bet...more »

"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 »

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 »

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 »