On Monday evening, after long waiting, the Emergency Ordinance on the modification and completion of the OUG No. 30/2020 was published in the Official Journal, which refers to the protection that the State will guarantee to the employees during the state of emergency, in the event of suspension of individual employment contracts, at the initiative of the employer, in accordance with Article 52 (1) (c) of Law 53/2003 - Labour Code. Shortly, we are talking about the ordered regulation governing the technical unemployment during the SAR-cov-2 crisis.

As we intended, but did not hope, the ordinance was in support of all employees affected by the spread of SAR-virus cov-2, eliminating the differentiation between employees whose employers have been forced to close down completely or partially on the basis of the decisions taken by the public authorities and those who have been indirectly affected by the measures taken. read more»

According to a Government Ordinance (GEO 33) published this evening (30.03.2020) in the Official Gazette, companies will be able to benefit from discounts if they pay their taxes on time.

Thus, taxpayers paying corporate income tax, regardless of the tax return system, who pay their tax due for the first quarter of 2020, respectively for the prepayment for the same quarter, until April 25, 2020 inclusively, benefit from a 5% or 10% discount, calculated on the income tax due. Microenterprises also benefit from this facility, respectively a 10% discount.

We present below the article:  read more»

In the recent days we have received many questions from customers, partners, collaborators, but also from people outside our contacts, on how anti-crisis measures are applied within companies.

In order to cope with the large number of requests, but also because most of the questions are repeated, we are drawing here a list of quick questions and answers, grouped by category, a mini-guide to help companies and employees navigate more easily through this difficult period. Consider it a crisis survival kit. read more»

This evening (25th of March 2020) the order for issuing the Emergency Certificates for the companies whose activity has been affected by the SAR-cov-2 pandemic was published in the Official Gazette.

Which are the rules?

• the Emergency Certificates (EC) will be issued by the Ministry of Economy, Energy and Business Environment;

• the Certificates are released, on the basis of the applicants' request, which are the business entities affected by the SAR-cov-2 pandemic;

• The applicants are the legally authorised persons of the business entities under the provisions of OUG 30/2020 and OUG 29/2020, respectively: read more»

In the context of the economic crisis caused by the spread of coronavirus (COVID-19), many companies are forced to apply cost-cutting measures and to reduce the activity. In this context the Romanian Government adopted on March 21 an Emergency Ordinance (no. 30/2020) to establish some measures in the field of social protection. The decree also brings some additions to the temporary suspension of the individual employment contract, at the initiative of the employer, known in common language as "technical unemployment".

Technical unemployment existed also until now, being governed by the Labor Code which, in Article 53, contains provisions related to the interruption or reduction of the employer's activity:

"Article 2 53 read more»

On the 16 March 2020, the President of Romania signed the decree to establish the State of Emergency in Romanian for a period of 30 days.

Among the measures introduces by the new regulations, the Article 45 is stating the following:

“Al.1. During the state of emergency, the work of the National Office of the Trade Register and of the regional offices of the Trade Regiater continues with regard to the registration of changes related to the legal entities and rnatural persons registered in the Trade Register. These registrations will be carried out by electronic means, based on the changes requests and additional documents deposited in electronic form, with the electronic signature incorporated. read more»

• it is established which are the working days for which the parents will receive an allowance.

Given the multitude of new regulations, press releases and confusion created in the media, we are resuming the main economic and fiscal-budgetary measures regulated by the 21th of March 2020.

The concrete measures established by the Government through the 29/2020 Emergency Decision are the following: read more»

We are living these days an exceptional period, in which all things happen differently than we were used to. But on how we will all mobilize to overcome this moment will also depend on the future evolution of things. And at such times, we believe that we must prove solidarity and contribute with everything we can to provide support to those around us.

At Ascent Group, our main resource is know-how. And these days we receive an avalanche of questions related to the latest legislative measures, the declaration of the state of emergency, the alternatives that employers have to make work more flexible during this period, medical leave, quarantine, fiscal measures to mitigate the impact of the crisis, etc. read more»

As a result of the difficult economic context caused by the COVID-19 coronavirus pandemic, the Minister of Finance, through a press release from the National Agency for Fiscal Administration (ANAF) announced today (Monday, 16.03.2020) a series of measures to support the business environment.

Below you can find an overview of the main provisions: read more»