This version of the website is currently under construction.

deAdela Cristea December 12, 2008

Ascent Group has signed a strategic agreement with Eurointerim.

In November 2008 Ascent Group signed in Padova a strategic agreement with Eurointerim Spa. Based on this agreement Ascent Group will represent Eurointerim in Romania, Bulgaria, Serbia and the Republic of Moldova for the whole typology of services offered by Ascent Group. The same agreement stipulates that Ascent Group recognizes Eurointerim as its exclusive partner for personnel leasing services in all the countries in the region.

Read article

Ascent Group has signed a strategic agreement with Eurointerim.

December 12, 2008Adela Cristea

In November 2008 Ascent Group signed in Padova a strategic agreement with Eurointerim Spa. Based on this agreement Ascent Group will represent Eurointerim in Romania, Bulgaria, Serbia and the Republic of Moldova for the whole typology of services offered by Ascent Group. The same agreement stipulates that Ascent Group recognizes Eurointerim as its exclusive partner for personnel leasing services in all the countries in the region.


Consulting Review has launched the new website

December 10, 2008Adela Cristea

The magazine Consulting Review recently launched the new version of the website. Starting with November 2008 you can read most of the articles published in the magazine also on the website, at:

Consulting Review was launched at the end of 2007 and in one year has managed to become a referral on the business publication’s market in Romania through the quality of the articles, analysis and opinions published by a wide number of specialists in the consulting fields that are covered by the magazine.

Starting with January 2009 the magazine will be distributed exclusively based on subscription. Details about the way you can subscribe can be found at Ascent Group invites you to subscribe to Consulting Review in order to benefit in 2009 as well by the advices of the magazine’s consultants.


Cosmin Galu is the managing partner of Ascent Group in Serbia

December 2, 2008Adela Cristea

Cosmin Galu is the managing partner of Ascent Group in Serbia.

Cosmin graduated the Law Faculty within Vasile Goldis University in Arad. His studies also include numerous scholarships and specializations, such as „Political Management” with the „National Democratic Institute” in Washington, USA, „Crisis Management” through the Konrad Adenauer Foundation – Germany, „Conflict Management” with the IRI – International Republican Institute, in the USA.

Since 2002, Cosmin is also a trainer of the National Democratic Institute from USA, for whom he held trainings in Romania and the Republic of Moldova.


Liviu Tulcan is the new financial manager of Ascent Group Romania

November 25, 2008Adela Cristea

Ascent Group Romania has a new financial manager. Liviu Tulcan graduated the Faculty of Mechanics “Traian Vuia” Timişoara and the Faculty of Engineering and Economy within the University Aurel Vlaicu from Arad, with a degree in Finance and Banking.

He’s professional experience includes 10 years of activity in engineering within a Research and Projecting Institute and 10 years of experience in finance and accounting, managing the financial and accounting activity in Romania of some prestigious multinational companies.

The financial and accounting experience of Liviu includes 4 years in accounting management within Contor Zenner, and 6 years of experience in coordination of financial and accounting departments and in controlling for prestigious companies, such as Systronics, Alcoa Romania or Zumtobel Lighting.


Nicolae Enache is the new Client Relationship Manager of OCRA Romania

November 1, 2008Adela Cristea

Nicolae Enache is the new Client Relationship Manager of OCRA Romania. Nicolae graduated the Faculty of Marketing within the Artifex University Bucharest, respectively a Master program in Communication and Public Relationship within the National School for Political and Administrative Sciences “David Ogilvy” Bucureşti, Faculty of Communication and Public Relationship. Over the last years, Nicolae also graduated various courses on management and quality assurance, both in Romania and abroad.

His professional experience includes 7 years of activity in various fields of activity such as financial, consulting and project management, in a National Health Insurance Company and in prestigious companies such Louis Berger, Unicredit şi Banc Post. Nicolae has a wide experience in organizing and implementing projects and programs, locally and internationally.


Ascent Group has expanded its operations to Serbia

October 31, 2008Adela Cristea

Ascent Group continues its expansion plans, by opening a new office in Serbia, in Belgrade. The launching of Ascent Group’s office in Serbia was realized through the association of Ascent Group and Lobby Consult Serbia, association having as result the establishing of Ascent Group Serbia.

The office of Ascent Group in Belgrade will offer customers all types of services the group Ascent is offering, but at the same time aims to become a catalyst to enhance business relations between Serbia and other countries in the region. Last but not least, the Serbia office aims to provide support to all foreign investors who intend to start a business in Serbia.


The autumn of our crisis…

October 30, 2008Adela Cristea

When this autumn began I wrote an article about “the news of the autumn”. And I was concluding that article saying that certainly it will not be a monotonous autumn, respectively that we will have many news, many challenges and most likely many opportunities well-matched to autumn’s colours.

Here we are, after just two months and this autumn has proven to be more different on economical level than previous ones. Moreover the crisis we have begun to enter has proven to be extreme and on global level, deeply shaking the entire international financial system and keeping to shake the global economy. Unfortunately this is not only an autumn crisis but a deeper one and with long-lasting effects.


Parafiscal taxes were reduced

October 8, 2008Adela Cristea

Parafiscal taxes in Romania were finally reduced. The last “census”, prepared by the World Bank regarding parafiscalty, put Romania on first place in Europe, with a total of 385 parafiscal laws and 278 parafiscal taxes. The number has reduced to 115 at present, after the exclusion from this segment of charges related to both the public domain, as well as the private. The charges that were reduces include incomes from rents, specifications for tenders, but also charges for PhD’s within public and private universities.

Nevertheless, Romania is still among the countries with an excessive parafiscality, the government announcing other measures for the reduction of these fees.


News of the autumn…

October 2, 2008Adela Cristea

The summer just passed by, and we all prepare to enter in the autumn.

Autumn always inspires me a few words: plenty, wisdom, fulfillment… Still autumn means the beginning of the school, electoral campaigns, but also the main trends in the economy, those who we will give guidance for the upcoming year.

Therefore, let’s go to review what happened in the end of this summer, but also the main trends revealed by the beginning of the autumn.

Good news comes from the Ministry of Economy, who announce a record of the transitional period, namely: “Romania’s economy grew by 8.6% in the first half of 2008, while the advance of the gross domestic product in the second quarter of the year was almost 9%”.


Reliana Groza is the new coordinator of the legal department within Ascent Group Arad

September 30, 2008Adela Cristea

Starting with September 2008 Reliana Groza became the coordinator of the legal department of Ascent Group in Arad.

Reliana graduated the Law Faculty within the Western University of Timisoara and a Maser program in Civil Law and Civil Procedure within the Law Faculty of “Vasile Goldiş” University from Arad.

Reliana’s professional experience includes 5 years in legal advising, mainly as legal consultant and arbitral assistant, respectively as coordinator of the legal department of the Commerce Chamber form Arad. Reliana’s experience mainly includes information and documentary activities for legal entities, legal consulting for business start-up’s, respectively commercial arbitration for companies having commercial litigations.


The minimum guaranteed wage could be increased from the 1st of October

September 25, 2008Adela Cristea

In August the Ministry of Labour has launched for public debate the draft of the Government decision which provides the increase of the minimum guaranteed gross wage to 8% from the 1st of October 2008 and 11% from the 1st of January 2009. According to the draft of the resolution, the minimum gross wage guaranteed will be 540 lei per month, between the 1st of October – 31st of December 2008, for a full time working schedule of 170 hours per month, in average, representing a value of 3.176 lei/hour.


Direct foreign investments in Romania increased in January 2008 with 76%

March 27, 2008Adela Cristea

Direct foreign investments in Romania increased in the first month of 2008 with 76.4% in comparison to January 2007, totalizing 695 million euros, according to the information published by the Central Bank.

The participations at the capital and the reinvested profit represented 45.2% from the direct foreign investments, while the intra-group loans represented 54.8%.

Direct foreign investments in Romania diminished in 2007 with 22.3%, comprising a total of 7069 thousand million euros, respectively these ones covered the deficit of the balance of payment in proportion of 41.9%.


Intercollege launches its programs in Romania

March 26, 2008Adela Cristea

Dacă sunteţi preocupaţi serios de cariera dumneavoastră atunci este momentul să faceţi cunoştinţă cu IntercollegIBS. Acum şi în România!

IntercollegeIBS oferă programe academice şi de pregătire profesională, pentru sectorul financiar – bancar şi cel al afacerilor. Absolvirea acestor programe certificate conferă posibilitatea îmbunătăţirii cunoştinţelor, cu strictă aplicabilitate practică. Certificările internaţionale obţinute în urma absolvirii programelor oferite de IntercollegeIBS sunt de cel mai înalt nivel şi se adresează celor care doresc să devină profesionişti de succes.

If you are serious about your career it’s time to meet IntercollegeIBS! Now also in Romania!

IntercollegeIBS offers both academic programs and professional training for the business and financial services sectors. The graduation of these programs provides the opportunity to enhance knowledge and expertise at the postgraduate level. There are first class qualifications for people intending to become successful professionals.


What should we know about collective labour agreements?

February 21, 2008Adela Cristea

Analysis published in Consulting Review magazine

The collective labour contract represents an agreement concluded in a written form on one hand between the employer and on the other by the employees, through their assigned representatives or where there is the case, by unions. In this agreement there are established clauses concerning working conditions, remuneration, as well as other rights and obligations resulted from labour relations. All companies that have at least 21 employees are obliged by Labour Code (Law 53/2003, republished) to conclude collective labour agreements.