Alex Reff, Country Managing Partner, Deloitte Romania
Photo: Deloitte si Reff&Asociatii
Deloitte Study

Social Progress Index analyzing the quality of life and social wellbeing: Romania climbs one position on the 44th place in the global ranking, but remains the last among EU countries

de Alexandru Reff Deloitte si Reff&Asociatii
Luni, 22 Nov 2021 English | Top News
Romania ranks 44th out of 168 countries, climbing one position in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index, which analyzes the quality of life and social wellbeing and is conducted by the non-profit organization Social Progress Imperative with the support of Deloitte. Romania registers a score of 78.41 points out of 100, slightly higher than last year, which places it among the ranking’s third category countries, after Argentina, Hungary and Bulgaria.
Alexandra Smedoiu, Anca Ghizdavu, Cristina Borș
Photo: Deloitte Romania

Romania is drastically taxing the sale of non-performing loans. What do other countries do?

de Alexandra Smedoiu, Anca Ghizdavu, Cristina Bors Deloitte Romania
Marţi, 2 Nov 2021 English | Top News
The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. This tax treatment discouraged companies in several sectors from selling such receivables, but especially financial institutions, which often resorted to such operations to clean up their balance sheet, according to the recommendations of the National Bank of Romania.
Legal 500 EMEA 2021
Photo: Deloitte si Reff&Asociatii

Reff & Associates | Deloitte Legal, recognized by 2021 EMEA Legal 500 rankings as a leading law firm for nine practice areas

de Deloitte si Reff&Asociatii
Luni, 19 Apr 2021 English | Top News
Reff & Associates | Deloitte Legal has been recognized again this year as a top law firm by the independent international publication EMEA Legal 500 in nine practice areas: real estate and construction, banking and finance, commercial, corporate and M&A, employment, tax, EU and competition, PPP and procurement, TMT and dispute resolution. The ranking assesses law firms in over 150 jurisdictions and is based on feedback from 300,000 lawyers working for in-house legal departments, on information submitted by law firms and interviews with leading lawyers.

More than 175,000 tons of electrical waste collected in Romania

Luni, 23 Nov 2020 English | Top News
ECOTIC, an e-waste collection scheme, has managed to collect over 175 000 tonnes of waste electrical and electronic equipment in 13 years of activity, thus ensuring the protection of the environment from harmful substances contained in this type of waste.
Radu Dumitrescu
Photo: Deloitte Romania

webRelease: Deloitte Romania has appointed Radu Dumitrescu Partner-in-Charge of the Financial Advisory practice

de Deloitte Romania
Luni, 22 Iun 2020 English | Top News
Deloitte Romania has appointed Radu Dumitrescu Partner-in-Charge of the Financial Advisory practice, effective as of June 2020. In his new role, Radu Dumitrescu will coordinate the transaction support and reorganization services teams, the corporate finance advisory experts, the forensic professionals, as well as the valuation, economics and modelling team.
Transit corridors in Romania - COVDI-19
Photo: Hotnews

INTERACTIVE MAP Oficial transit corridors in Romania during the COVID-19 crisis

de Victor Cozmei
Miercuri, 25 Mar 2020 English | Top News
Romania has established five road corridors for all cargo transports passing through the country during the COVID-19 pandemic. The Ministry of Transport, Infrastructure and Communications makes available to all road haulage operators in the EU or Non-EU Member States an interactive map of transit routes in Romania. This map, in addition to the actual route, also contains information on fuel stations and parking lots for those in transit.
Diamond Princess
Photo: Wikimedia Commons

First case of Romanian infected with coronavirus - aboard cruise ship in Japan

de Editorial Staff
Joi, 13 Feb 2020 English | Top News
A Romanian citizen aboard the Diamond Princess cruise ship which as been quarantined in japan has been found infected with the coronavirus, Romania's Foreign Ministry announced on Thursday. 17 Romanians are among the 3,700 passangers and crew aboard the ship.
Camera Deputatilor
Photo: Captura video

​Romanian journalists, media institutions in rare display of solidarity against tax exemption applied to them

de Editorial Staff
Joi, 13 Feb 2020 English | Top News
A large number of Romanian journalists and several media institutions this week reacted with a rare display of solidarity against something they saw as a threat to their profession: an income tax exemption voted for them by deputies. As the President is expected to approve the bill, a wave of protests, letters and positions have been heard on the issue.
Defrisari ilegale
Photo: Ministerul Mediului

European Commission warns Romania it has one month do act against illegal logging

de Editorial Staff
Miercuri, 12 Feb 2020 English | Top News
The European Commission on Wednesday decided to warn Romania to take urgent action in order to stop illegal logging. it sent a letter of formal notice to Romania to take the necessary measures in this within a month - a first step in the infringement procedure.
Brutarii srilankezi din Ditrau
Photo: Gina Stefan/AGERPRES

​Third Sri Lankan worker arrives in Romanian village despite local racist outburst

de Editorial Staff
Marţi, 11 Feb 2020 English | Top News
A third worker from Sri Lanka has arrived in the Romanian villgage of Ditrau, where in a racist outburst the local population recently protested against the presence of two other Sri Lankan workers.
Iohannis si Orban, la Cotroceni

​​President Iohannis designates Liberal leader Orban for prime minister again

de Editorial Staff
Joi, 6 Feb 2020 English | Top News
Romanian President Klaus Iohannis on Thursday designated Liberal (PNL) leader Ludovic Orban to lead a new government again, a day after Orban's government lost a censure motion in the Parliament.
Coada la medic

Romania declares flu epidemic as season toll reaches 18 deaths

de Editorial Staff
Joi, 6 Feb 2020 English | Top News
Romanian authorities have declared a flu epidemic for the second year in a row, given that the number of sick people reported during the past week grew by 99% - double the expected figure.
Ludovic Orban și Klaus Iohannis

President Iohannis starts talks to name new PM in push for early elections

de Editorial Staff
Joi, 6 Feb 2020 English | Top News
Romanian President Klaus Iohannis starts talks with political parties on Thursday in order to pick a new prime minister, with the stated purpose of hastening early elections in the country, as the current PM Ludovic Orban was dismissed in a censure motion on Wednesday, after three months in office.
Guvernul Orban

Romanian Liberal government dismissed in censure motion - second to fall in less then six months

de Editorial Staff
Miercuri, 5 Feb 2020 English | Top News
​The Romanian Parliament on Wednesday dismissed the Liberal government led by Ludovic Orban in a censure motion tabled by the opposition Social Democrats. The government falls 3 months and 1 day after taking office. This is the second Romanian government to fall in a censure motion in less than half a year.
  • Shortly after the vote, PM Orban said his government was proud of what it accomplished in just several months and that if fell to a Parliament dominated by "retrograde forces". He later said Romanians would be called "as early as possible" to polls to decide the fate of the country.
Ludovic Orban
Photo: Agerpres

Romania's Government braces for censure motion - a second in 4 months

de Editorial Staff
Miercuri, 5 Feb 2020 English | Top News
Romania's Liberal (PNL) government led by Ludovic Orban faces the parliament vote over a censure motion submitted by the opposition Social Democrats (PSD) on Wednesday, with both camps claiming they would win. The motion can lead to the dismissal of the PNL government only three months after taking over from the previous PSD government, which also fell in a censure motion.
Foraj Marea Neagra

Exxon would not be able to sell its Black Sea stake to anybody, draft ordinance says

de Editorial Staff
Marţi, 4 Feb 2020 English | Top News
Romanian authorities would be able to use national security reasons to refuse the ceding and execution of exploration, exploitation and development operations of oil fields by entities under the authority of countries outside the EU, a draft emergency ordinance of the Romanian government says. The bill says any transfer made without the approval of the Government is null.
Instanta de judecata

​Bill dismantling controversial judiciary body concluded

de Editorial Staff
Marţi, 4 Feb 2020 English | Top News
Draft lectislation aimed at dismantling a special body in charge with investigating magistrates was concluded and published on the website of Romania's Justice Ministry on Tuesday. The bill was criticised by experts shortly after its publication, as they warn it provides a "super-immunity" to magistrates.
Recrutare angajati Sri Lanka
Photo: Romulus Badea/Facebook

"Ditrau" case of racism against foreign workers in Romania not a first, recruiter says

de Editorial Staff
Luni, 3 Feb 2020 English | Top News
A recent case of racial discrimination against Sri Lankan workers in Romania, which made waves over the past week, is far from being the first, a representative of a recruitment company has told
Valeriu Zgonea
Photo: Agerpres

Romanian former House speaker sentenced to prison in first ruling

de Editorial Staff
Luni, 3 Feb 2020 English | Top News
A former speaker of Romania's House of Deputies, Valeriu Zgonea, received a three-year prison sentence for traffic of influence on Monday. The verdict can pe appealed.
brutar Sri Lanka
Photo: Captura video

Racism case spirals as Sri Lankan workers are removed from production at bread factory in Central Romania / Authorities react in area affected by Hungarian populist influence

de Editorial Staff
Sâmbătă, 1 Feb 2020 English | Top News
Two workers from Sri Lanka who have become the target of protests in a Central Romanian town were eventually removed on Saturday from the production process at the bread factory where they were working. The situation, prompted by a wave of xenophobic attitudes among the local population in the town of Ditrau, sparked both actions by authorities, interventions by influential religious and political bodies, and talk of Romanian state's lack of action and malign influence from the Orban regime in Hungary.


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