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 »

The first nine financing agreements granted on the basis of the state aid scheme for stimulating major investments (807/2014) were signed today by the Minister of Public Finances, Mr. Eugen Teodorovici, on November 12th. The signing ceremony took place at Victoria Palace, in the presence of the Prime Minister, Ms. Viorica Dăncilă. "I am very pleased to have signed today the first 9 investment projects that will bring added value to the Romanian economy. The benefits they will bring have to be seen from two perspectives - the development of the region where the investment will be made and the creation of almost 2,000 of new jobs, "said Minister of Public Finance, Mr. Eugen Teodorovici....more »

Instant Factoring, the first Romanian online micro-factoring company for SMEs, received 1.5 million euros from an investment fund in the United States. The attracted funds, together with the company's equity, will support the expansion of activity on the Romanian market by developing microfinance operations for a volume of invoices totaling up to 20 million Euro in 2019....more »