The Ministry of Public Finance, through the Department of State Aid, has supplemented the budget allocated for GD 807/2014 funding program aiming at companies that are seeking new investments. Over 313 million euros are available for start-ups, SMB...more »

ROCA Investments part of Impetum Group, the private equity model that offers capital, partnership and management solutions for consolidating Romanian businesses in difficulty, had in 2019 an investment return of 57%, reaching a value of 74% above t...more »

Opinion article by Burcin Atakan, Partner, and Ioana Ungureanu, Manager, Financial Advisory, Deloitte Romania As the new coronavirus continues to spread across the globe, top-down measures are imposed to slow down its effects and minimize potent...more »

In this context, Coface forecasts that 2020 will see the global economy’s first recession since 2009, with a growth rate of -1.3% (after +2.5% in 2019). Coface also expects recessions in 68 countries (vs only 11 last year), world trade to fall by 4.3% this year (after a -0.4% drop in 2019), and a 25% worldwide increase in business failures (compared to our previous January forecast of +2%)....more »

by Dimitrios Goranitis, Risk and Regulatory Advisory Partner, Deloitte Romania This article expresses the author's own opinions and it does not reflect the position of Deloitte Romania A global black swan is not an ordinary crisis. Yo...more »

Article provided by Impetum Group Among the reactions that the Government of Romania has had to diminish the effects determined by the COVID-19 pandemic on the local business environment are the GEO 37/2020, which provides for the possibility of d...more »

Article provided by Tuca Zbarcea si Asociatii In the context of the economic and financial difficulties caused by the spread of the COVID-19 virus, the Romanian Government has adopted the Emergency Ordinance No. 33/2020 regarding certain fiscal me...more »

Deloitte Romania and FintechOS have created and implemented the technical solution for the “Welcome” package, which CEC Bank has integrated with its legacy systems, allowing it to launch, in March, a complex project aimed at digitalizing t...more »

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 »