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Ascent Group
Business Newsletter
February 2010
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Ascent Group. Business Consulting
Ascent Group. Business Consulting

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2010 started with plenty of changes, both in the legal field and in the business environment. Ascent Group's consultants prepared a selection of the latest news, which we hope you will find useful and interessting.


Editorial top  

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Until few years ago, Romania was still full of tourists spending their holidays in Mamaia, Eforie, 1 Mai, and was welcoming them, in the specifically hospitality spirit with inflated prices, lowest quality service and forced smiles. We were enjoying it or, better, we had to enjoy it because we had no choice. read more»

 


Legal & Fiscal top  

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According to the communication of the Ministry of Public Finance of Romania, on January 27, 2010, starting with January 1, 2010, the provisions of Title IV ‘Taxes on the Income of Micro-enterprises ", the application regulations, as well as other provisions incident to this system, are not longer produceing legal effects. read more»

 

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The Romanian Government decided to offer starting with 1st of February 2010, another period of three months of technical unemployment during which the social charges for the employees will not be paid, but the employers have to certify the difficult period of their company by giving a statutory declarations. These companies will be periodically checked by ANAF. read more»

 

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In January 28, 2006 was published the Law 441/2006, which amended the Law. 31/1990 on trading companies introducing new measures on the submission of annual financial statements. Although initially the measures should have been applied from January 1st, 2007, its implementation was delayed until January 1, 2010. Thus, since 2010, the annual financial statements and related addendums in Romania will be submitted only to the Trade Register Office. read more»

 

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Under current legislation, employers in Romania are required to register the individual employment contracts at Labor Inspectorates within 20 calendar days from their closing and to transmit them to the General Registry of Evidence of Employees within 5 days. read more»

 

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In 2010, in addition to the minimum tax that has got no economical logic, the tax system for micro-enterprises in Romania was adjusted as well, from an income tax based on applying a rate of 3% on revenue, to the implementation of an income tax with a rate of 16%, even further burdening these enterprises that have been already affected by the global economic crisis. read more»

 

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On December 29th, 2009 the Romanian Government issued the Emergency Order number 16 ofor the establishment of new measures for registrations in the Trade Registry, legal provision published in the Official Gazette of Romania no. 926 of December 30rd, 2009. read more»

 


Corporate News top  

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We are în the crisis: crisis of trained people, resource people, talented people.

And we are also in the crisis of people able to identify, develop and keep the resource people in the companies.

Ascent Group is your partner in the process of personal and professional development of your employees, because the continuous personnel development is a need felt by any company especially during the curent economical context. read more»

 

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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 biggest 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»

 


Business Environment top  

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At the end of last year, the European Commission approved a program proposed by Romania which is valid until December 31, 2010 and is expected to offer support to the companies that have financial problems due to the worst conditions of the economic crisis.

The financial support may be granted by the Romanian authorities only to companies that were not în difficulty on July 1, 2008. The companies will receive grants, concessional loans, interest subsidies, guarantees or phasing the claims hold by the state without charging interest. read more»

 


Business Oportunities top  

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Training was one of the most affected sectors uring the crisis. We all know that training market dramatically decreased last year, due to the "education cost freeze" process in most of the companies.

However, even during the crisis period, some of the topics were highly requested by companies, especially because they respond tu curent needs. read more»

 


Analysis & Opinion top  

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Personnel layoffs, in both private and public system, are one of the most common topics in the mass-media our days.

Regarding this issue, for most of us 2009 meant fear. It seems that even the new state regulations have formed premises to personnel reduction.

But, we come to ask now if dismissal is really the only alternative to reducing the personnel cost?
The answer is far to be a simple yes or no. Many factors are involved in this decision such as: read more»

 

 

In this edition you can read:
Bulgaria or Romania? What to choose and why?
Starting with January 1, 2010 micro-enterprises no longer exist in Romania
The return of technical unemployment - 90 days exemptions for social security contributions
The Annual financial statements for 2009 are submitted only to the Trade Register
New regulations regarding the registration of individual employment contracts
The Minimum Tax or Lump Tax in 2010. Evolution and Expectations
New regulations in the activity of the Romanian Trade Registry
Ascent Group is launching the 2010 training programs
Public speaking, open training, Arad
Romania may offer financial support during the crisis
The top of the most wanted trainings during the crisis
Dismissal - is it the only alternative to the redution of personnel costs?


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

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