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Unemployment rate rising in the region

In the current European context, the evolution of unemployment rate is particularly important for major investments as well as for small and medium sized enterprises. Forecasts are bleak as possible : "I think unemployment rate did not reach yet its highest rate, but this will happen in 2010, in the first or second quarter. I do not think we will reach a rate of 10% but this is my opinion, "said the economist of the World Bank, Catalin Pauna.

Here we are in the second quarter of 2010 and taking into consideration the overview of the first quarter of this year we can say that the forecasts are not far from being fulfilled. If the unemployment rate in Romania for the last quarter of 2009 was 7.5%, in the first quarter of 2010 it reached 8.3% in comparison to 5.6% in the same period of last year.

This applies not only to Romania, the same upward trend being valid for Bulgaria too, another country in the region. read more»

VAT payment after receipt of the amounts

Romanian Senate approved in March 2010 the Law stipulating that corporate taxpayers will have the possibility to pay VAT resulting from the issuing of the invoice to customers within 30 days from receipt of the amounts and not until the 25th of the month following the month in which the invoice was issued.

This amendment is contrary to the European Directive 112/2006, which states as a general rule that the payment liability appears at the time of the delivery of goods, at the date of services provisioning and on the date of receipt of advance payments before delivery or performance.

However, notwithstanding the general rule regarding the generator event and VAT payment, at art. 66 from the European Directive 112, there is stated that EU Member States may stipulate that VAT becomes chargeable for certain transactions or certain categories of taxable persons, the latest at the payment date. read more»

The story of Algeco: how to grow a company in the middle of the crisis?

Romania was fully hit by the global crisis, and construction field was by far one of the most affected areas. However, there is a company that not only survived the crisis but had significant increases in 2009. It's Algeco.

What was Algeco's success in Romania? The increase of turnover with 35% in 2009 compared to 2008 and a doubling of operational profit.

We wonder how it was possible, especially in a year that most companies in this area have dropped dramatically?

And here it is the story of Algeco ...

Algeco Romania is part of Algeco Scotsman, a leading global provider of services, expert in modular space and storage solutions. In other words, Algeco invests in solutions for space, which provides beneficiaries solving an immediate need at the best quality. read more»

We have a Europe. What's next?

The European Union was born from a dream. Those who founded it were people with vision and high ideals, such as Robert Schumman, Kondrad Adenauer, Alcide de Gasperi or Jean Monnet. Their dream was continued by other visionaries: Edward Heath, Francois Mitterrand, Jacques Delors and Helmut Kohl.

The Europe they wanted was a Union of values, a strong area, united in diversity.

Is the Europe today the one they have dreamed to?

Last days news reveals us shocking information. Greece has publicly admitted that they provided false information to the European Union. Bulgaria succeeded in this series of disclosures, recognizing that they also provided false information to the Union regarding the actual level of its budgetary deficit. Certainly, in the coming weeks or months, other countries will be added to this list.

Trust between the Union states began to shake, and availability to offer support between the member states decreased substantially. read more»

Entrepreneur versus manager

articol published in the Consulting Review magazine

One of the latest concepts in business is the "corporate entrepreneurship", i.e. implementing entrepreneurial business practices in the management of major corporations.

What does that mean? Shell we understand that the corporate management model, so much praised in the past 20 years is not really the key to success? Or that all the MBA’s and management, leadership, strategic planning courses, etc... involving managers of corporations do not hold the key to success and do not provide all the answers to the challenges these managers should face?

A year ago I was fortunate to know personally Larry Farrell, the American specialist who created the concept of Corporate Entrepreneurship and the No. 1 worldwide specialist in research and development of entrepreneurial practices. read more»

Ascent Group, partner of the project "Arad, my love!"

Ascent Group became partner of the NGO Mişcarea Arădeană in the project "Arad, my love!"

"Arad, my love!" is an educational project which aims to reach the children from Arad on city’s values and beauty.

Because we think for long term, we joined Mişcarea Arădeana’s wish to determine future generations to think differently and to love Arad with the same passion as those who built the city. Therefore we want to offer children the chance to know Arad from another perspective, to provide them information about its values and spirit. read more»

The performance as assistant manager, open training, Bucharest

2010-05-13 09:00
2010-05-14 17:00
Europe/Bucharest

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.

The particularities that an assistant manager must have are: a metabolism that seems to improve under pressure, an instinct to make order in chaos, the ability to solve tough problems without supervisory, the skill to deal with the most difficult people (including your boss). read more»

The return of technical unemployment - 90 days exemptions for social security contributions

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.

The new period of technical unemployment will be applied from February 2010 but not later than December 31, 2010. During the suspension of the individual employment contract the employees and the employers (of those employees) are exempt from paying social security contributions for no more than 90 days. read more»

Dismissal - is it the only alternative to the redution of personnel costs?

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:

  • the business of the company;
  • suppliers and customers;
  • number of competitors in the market;
  • substitution rate of products and services
  • the future strategy of the company

Taking into account all these factors, when the management concludes that a company needs to reduce costs, a careful analyze regarding the following issues is request: read more»

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