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In just 3 weeks, over a thousand people from all around the world have applied to attend UNFINISHED Festival

Fri, 01 Sep 2023 09:52:51 GMT

In just 3 weeks since the registration session opened for the multidisciplinary UNFINISHED festival, over a thousand people from all around the world have applied. Curious individuals from Nigeria, Brazil, Finland, UK, France, and Romania have completed the access form - apply.unfinished.ro - without knowing what the lineup looks like and what is happening in this year's edition. They were guided solely by the experiences of the past years and by their desire to be part of a global community of completely different individuals whose superpower is the ability to listen to different, sometimes opposing opinions, from seemingly unrelated fields, and generate innovative ideas from their intersection.

Deloitte study: the share of employees whose roles have changed following the implementation of intelligent automation solutions continues to rise and reaches a third globally

Wed, 21 Sep 2022 08:54:36 GMT

The share of employees across the globe who have seen their roles change following the implementation of intelligent automation solutions continues to rise and reaches 34%, compared to 23% in 2020 according to the latest edition of Deloitte Automation with Intelligence survey, conducted in 34 countries, including Romania.

Deloitte Foundation and World Vision inaugurate at Romexpo the second center for educational activities for Ukrainian children and counseling for their mothers

Tue, 20 Sep 2022 09:39:00 GMT

The Deloitte Foundation and World Vision inaugurate at Romexpo the second center that will provide educational and recreational activities for Ukrainian pupils and preschool children, as well as English and Romanian classes for their mothers, psychological, legal and occupational counseling. The first such center, located in the Tei Student Sports Cultural Complex in Bucharest, was opened in May 2022, and, in the first three months since its inauguration, approximately 100 people, mothers and children, benefited from over 500 hours of activities organized there.

Deloitte, recognized as the Romanian Tax Firm of the Year by the International Tax Review in 2022

Fri, 16 Sep 2022 09:52:13 GMT

Deloitte was recognized as the Romanian Tax Firm of the Year at the 2022 edition of the Tax Awards, organized by the prestigious International Tax Review (ITR) publication. Deloitte also received ITR recognition in Romania for Tax Disputes.

Deloitte study: Romania remains among the European states with the cheapest housing. Our country is one of the few where the most expensive city is not the capital

Wed, 10 Aug 2022 10:29:43 GMT

Romania ranks second in the top of the European countries with the cheapest housing, after Bosnia and Herzegovina, according to Deloitte Property Index 2022, conducted in 23 countries and 68 cities, with an average price of 1,266 EUR/sqm, calculated based on data from the main cities and towns in the country. Compared to the previous year, the average price is 7.3% higher. The list of countries on the continent with the lowest average prices also includes Serbia (1,520 EUR/sqm) and Portugal (1,537 EUR/sqm)*. In the cities ranking, the most expensive in our country is Cluj-Napoca, with an average of 1,940 EUR/sqm, followed by Bucharest (1,573 EUR/sqm) and Brasov (1,348 EUR/sqm).

Deloitte study: watching TV and movies at home remains the favourite entertainment activity for consumers across generations, except Gen Zs, which have shifted to gaming

Thu, 04 Aug 2022 08:18:09 GMT

Watching TV and movies at home remains the favourite entertainment activity for consumers across generations, according to the latest edition of Deloitte Digital Media Trends, especially among Baby Boomers (40%) and Gen Xs (27%), followed by Millennials (20%). For younger consumers, the preferences have shifted to gaming, as 24% of Gen Zs representatives, aged 14-25, mention playing video games as their top entertainment activity, compared to 16%, who prefer watching TV and movies at home.

Deloitte study: stronger pessimism regarding economic conditions than at the beginning of the pandemic among Central European private equity firms

Tue, 02 Aug 2022 08:58:00 GMT

The economic conditions will worsen over the coming months, according to 86% of the participants to the Deloitte Private Equity (PE) Confidence Survey, as COVID-19, the war in Ukraine and inflation are impacting purchasing, supply chains and interest rates. The pessimism is even stronger than when the pandemic first hit and none of the survey respondents expects an improvement in the overall economic climate.

Deloitte study: most working women feel an increasing level of stress, many are facing burnout and plan to resign

Mon, 27 Jun 2022 08:50:12 GMT

The level of stress faced by more than half of working women (53%) is higher than a year ago, and 46% say they are exhausted, according to Deloitte's Women @ Work 2022 Study, conducted globally. Moreover, exhaustion (burnout) is one of the main reasons why women decide to resign (40%). More than half of the study participants want to leave their current employer within two years and only 10% plan to maintain their job for more than five years.

Deloitte study: Romanian Millennials and Gen Zs expect economic situation and sociopolitical context to worsen this year. Cost of living is their top concern

Thu, 23 Jun 2022 09:21:56 GMT

The overall economic situation and the social and political context are the main reasons for concern for Romanian Millennials and Generation Z, who expect worse economic conditions (59% of Millennials and 49% of Gen Z) and sociopolitical context (55% and 45%, respectively) this year, up by at least ten points compared to last year, according to Deloitte Global Gen Z and Millennial Survey 2022, conducted in 46 countries around the world, including Romania.

Ukrainian citizens benefit of free access to the Romanian labour market

Thu, 10 Mar 2022 10:39:44 GMT

The Romanian Government has approved a series of derogations from the immigration legislation, in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa. According to the Government Emergency Ordinance no. 20 (GEO 20), adopted on March 8, 2022, all Ukrainian citizens who will sign an individual employment contract with a Romanian company can extend their stay by obtaining a residence permit for work purposes, directly from Romania, without being necessary to leave the country.

Temporary protection mechanism activated for Ukrainian nationals

Fri, 04 Mar 2022 13:37:19 GMT

The European Commission decided on Thursday, March 3, 2022, to introduce the temporary protection for the Ukrainian nationals. During the official press conference following the EC decision, on Friday, March 4, the representatives of the Romanian authorities confirmed that the mechanism will be applicable in Romania for those Ukrainian nationals who decide to remain in our country.

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

Mon, 22 Nov 2021 13:48:56 GMT

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.

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

Tue, 02 Nov 2021 10:31:00 GMT

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.

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

Mon, 19 Apr 2021 09:29:10 GMT

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

Mon, 23 Nov 2020 15:01:13 GMT

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.

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

Mon, 22 Jun 2020 14:58:47 GMT

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.

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

Wed, 25 Mar 2020 09:06:00 GMT

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.

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

Thu, 13 Feb 2020 14:09:00 GMT

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.

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

Thu, 13 Feb 2020 07:04:42 GMT

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.

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

Wed, 12 Feb 2020 15:03:00 GMT

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.