Having trouble viewing this email? View it as a web page.
Ascent Group
Business Newsletter
July 2009
Ascent Group Website Home  Subscribe to the latest news from Ascent Group RSS  Contact us Contact
Ascent Group. Business Consulting
Ascent Group. Business Consulting

<%=np()%>,

The beginning of the summer 2009 was marked by a series of changes both in the legislation and the business environment. Ascent Group's consultants prepared a selection of the latest news, which we hope you will find useful and interesting.

 


Editorial top  

title; ?>

Few months ago, the economic crisis was still, in the opinion of many, an excuse for companies to reduce costs, an "over-fed" issue by the press, a pretext for the Government not to increase the salaries in the budgetary sector, etc. Even among those who accepted the existence of a crisis, it dominated the view that it will be like a wave, which will last 5-6 months, will sweep some companies in the way, will sway some imbalances that were obvious to everybody, after which things will return "to normal" just as they were before. read more»

 


Legal & Fiscal top  

title; ?>

Starting with the 1st of July 2009, all the companies who are trading within the European Union will have to obtain an unique code for customs operations, called the EORI code.

The legal provisions that define the EORI code are contained in Regulation (EC) no. 312-2009 and are part of the stipulations of the Council establishing the Community Customs Code, published in EU’s Official Journal no. L 98 dated 17 April 2009. read more»

 

title; ?>

Starting with 1st of May 2009 a few important changes of the Romanian Fiscal Code became effective, through the Emergency Ordinance 34/2009. We present below the most important elements that have been changed.

Introduction of the lump tax rate

One of the main news brought by the Emergency Ordinance 34/2009 is reffering to the introduction of a new type of taxing, the lump tax rate. read more»

 

title; ?>

The law 31/1990 was amended again in April bringing one of the most important changes in the Romanian fiscal environment. In case of voluntary dissolution and liquidation of companies, the process can be done now without a liquidator.

Thus the article 227, paragraph (1), points b) and d) of Law 31/1990, updated on 17.04.2009, describes the procedure of voluntary liquidation and dissolution without assigning a liquidator. read more»

 

title; ?>

The Governmental Ordinance no. 105/2009 repealed the provisions of Governmental Ordinance no 831/1997 in order to approve the common patterns forms for the financial and accounting activities and for the regulations concerning the way to prepare and use these forms.

Under the new regulations, the companies should consider the fact that the tax receipts issued with electronic tax devices under the Emergency Ordinance 28/1999 are documents that prove the payment and need to be attached to the cash flow register. read more»

 

title; ?>

Technical unemployment was until recently a concept included in the Romanian Labor Code. After various legislative changes, however, the term "technical unemployment'' was removed, and his place was taken by the expressions "suspension of employment” or “a temporary interruption of employment”. However, in common language, the phrase" technical unemployment" is still used when we want to refer to such interruption or temporary suspension of employment contracts. read more»

 


Corporate News top  

title; ?>

On 18th of June 2009 took place in Bulgaria, Ruse the „No Borders” event, a Romanian – Bulgarian bilateral business meeting organized by Ascent Group in partnership with UNPR – National Union of Romanian Employers, BRCCI – Romanian–Bulgarian Chamber of Commerce and Industry and the magazines Manager Bulgaria and Consulting Review Romania. read more»

 

title; ?>

Starting with January 2009 Ascent Group has signed a strategic agreement with the famous American specialist in research and promotion of the entrepreneurship and innovating solutions in business – Larry Farrell. Based on this agreement Ascent Group will represent exclusively The Farrell Company in Romania, Bulgaria, Serbia and Republic of Moldova for training and consultancy services on entrepreneurship. read more»

 

title; ?>

Ascent Group concluded in May another important partnership agreement, with MECEPUS, the Mediterranean Center for Public Speaking and Communication.

MECEPUS is a training centre supplementing formal education by giving the opportunity to improve speaking skills and develop a more attractive personality. It offers a range of seminars in Public Speaking and other behavior improvement areas. read more»

 

title; ?>

How to captivate our audience ...

Sweaty palms, the perspiration of the forehead, the accelerate heartbeat or the erasure of all the ideas from your mind are some of the inconveniences that might occur in a public presentation. The fear of speaking in public is among the bigest fear of the human being.

The ability to make presentations in public and to efficiently sustain ideas has an important impact on our success in career and the whole society. read more»

 

title; ?>

How to be an efficient assistant manager...

The assistant manager has an important role in the company being a close collaborator of the manager. For this reason, the assistant manager education must be comprehensive to cover various knowledge of communication, protocol, marketing, management, accounting, computer science, law. read more»

 


Business Environment top  

title; ?>

From the amount of 12.95 billion euros that Romania has borrowed from International Monetary Fund, it already received only 5 billion. The next part of 1.9 billion euros will get into our accounts on September 15. read more»

 

title; ?>

A new page of European Union history has been written once with the establishment of the first European institution with responsibilities in terms of monitoring developments in financial and banking markets and reporting the systemic risks. read more»

 


Business Oportunities top  

title; ?>

Minimis State grants represent one of the best financing solutions for small and medium enterprises. At the end of May the Government increased 20 times the grants schemes to enterprises, from five million to one hundred million, allocating 20 million euros for 2009.  read more»

 


Analysis & Opinion top  

title; ?>

When an investor decides to start a business in our region, he usually can choose between a few countries: if they want to choose a country from the European Union, then they will most likely choose between Romania and Bulgaria, the last countries who joined the EU and also the countries with the lowest labour cost among the EU countries. In case they want to choose a country that is not an EU member, then Serbia and the Republic of Moldova seam to be the 2 best options.  read more»

 

 

In this edition you can read:
What expects the private environment from the government during the crisis?
Romanian companies that import or export goods are required to obtain code EORI
New taxes and less deductibilities – the latest amendments of the Romanian Fiscal Code
The Romanian companies can now be dissolved without a liquidator
The receipts with value of less than 100 lei are still tax deductible?
During the technical unemployment employers and employees are exempt from payment of taxes and contributions to the state budget
"No border" a successful start for the Romanian - Bulgarian cross-border cooperation
Ascent Group has signed a strategic agreement with The Farrell Company
Ascent Group brings to Romania the Mecepus Public Speaking programs
Public speaking, open training, Bucharest
The performance as assistant manager, open training, Bucharest
EU gave us the money, but we are risking not to receive them
EU enlarges with a new institution - the Council for Systemic Risks
State grants budget for companies increased 20 times
Romania, Bulgaria, Moldova, Serbia. Competitive advantages.


Providing local solutions for your regional development in Eastern Europe.
 
Bucharest Office
Bucharest, Romania
str. Vespasian 34, S1
Postal code: 010924
tel: +40-21-5693670
fax: +40-21-3121261
Arad Office
Arad, Romania
George Cosbuc 12a
tel: +40-257-251.881
tel: +40-357-405.487
fax: +40-357-405.486
Chisinau Office
Chisinau, Moldova
Postal code: MD-2004
Anatol Corobceanu, 15A
tel: +373-22.23.84.95
fax: +373-22.23.29.50
Sofia Office
Sofia, Bulgaria
Tsanko Tserkovski 63
tel.: +359.2.971.1275
fax: +359.2.971.1275
Limassol Office
Limassol, Cyprus
Arch. Makarios Av, 212
SETA Court,
Flat 9, 3030
tel.: +357-25-347.265

This message is an official publishment of Ascent Group and it was sent according to email legislation. You are receiving this newsletter because you substribed to this service. If you do not want to receive these informations, unsubscribe here.