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deRainfall January 14, 2008

The taxes and contributions to the consolidated general budget will be paid from now on into a unique account

The National Agency of Fiscal Administration has decided that, starting with January the 1st 2008, taxes, contributions and other amounts owed by the tax payers to the general budget, are to be paid into a unique account.

The tax payers will use two payment orders for the State’s treasury, one for the obligations due to the state’s budget and the second, for the other obligations.

The amounts owed to the State’s budget will be paid into the unique account 20.47.01.01, and the fiscal debts to the social insurance budgets and to the special funds, into the unique account 55.02.

Every payment, for every tax, contribution and on other amounts owed to the general budget will be made distinctly.

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The taxes and contributions to the consolidated general budget will be paid from now on into a unique account

January 14, 2008Rainfall

The National Agency of Fiscal Administration has decided that, starting with January the 1st 2008, taxes, contributions and other amounts owed by the tax payers to the general budget, are to be paid into a unique account.

The tax payers will use two payment orders for the State’s treasury, one for the obligations due to the state’s budget and the second, for the other obligations.

The amounts owed to the State’s budget will be paid into the unique account 20.47.01.01, and the fiscal debts to the social insurance budgets and to the special funds, into the unique account 55.02.

Every payment, for every tax, contribution and on other amounts owed to the general budget will be made distinctly.

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BNR’s interest increase at 8% may also occur in February

January 11, 2008Rainfall

National Bank of Romania (BNR) recently took the decision of increasing the interest with 0.5% , thus reaching up to 8%. According to specialists, this decision will have reduced effects on short term, including on the currency. But a new 0.25% increase is expected in February.

The interest increase will not influence the currency appreciation, but it can influence its depreciation and shows that BNR has decided to take measures to reach its inflation target.

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What do we expect from 2008?

December 14, 2007Adela Cristea

One more year just passed by, our first year as citizens of the European Union, and as in any moment of evaluation we look back and try to understand what brought us the year that just passed, but specially we look into the future and try to understand what changes the next year will bring us.

2007 was our first European year, a year with many changes but also with many confusions. Many reforms were started, but unfortunately many others were slowed down.

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The Labor Market in 2008

December 13, 2007Rainfall

The changes that the companies policies related to salaries will undergo in 2008, not only will attract and retain the employees, but they will also increase their loyalty.

This all happens due to continuous expansion of the companies, the increased deficit of personnel, and the increased personnel fluctuation (in 2007, the voluntary personnel fluctuation increased to 21% compared to 15.9% in 2006).

It is estimated that, in case the level of inflation will continue to increase in 2008, the salaries will also rise up to 15%.

In 2008, the average values of salaries increases for top management positions will be between 10% and 15%, for executive positions up to 11%, while the salaries for unqualified positions will rise up to 25%, because of the increase of the minimum salary.

Besides these increases, employers become more and more inventive in granting benefices in order to keep their employees’ loyalty:

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Trans-European railways corridors IV and IX – the main rehabilitation projects of the Romanian railways

December 13, 2007Rainfall

After joining the European Union the Romanian State is forced to invest in the development of the railways infrastructure, by creating high speed railways that would unite Greece to the rest of the Europe.

The two European railways corridors that cross Romania are corridor IV, which makes the connection between Germany and Greece, and corridor IX, between Finland and Greece, their total length being almost 10.000 km.

The rehabilitation of the 2.000 km of railway in Romania, which will be part of the European railway system, will require over 10 billion Euro of investment, the goal being to reach a speed of maximum 140km/h in the case of trains for passengers and to respect the UE safety standards.

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500 lei – minimum salary in 2008

December 13, 2007Rainfall

After the meeting between the Trade Unions, Employers Unions and the representatives of the Government that took place on Monday, to which the Minister of Labor and Family Paul Pacuraru, and the Minister of Economy and Finances, Mr. Varujan Vosganian took part, it was decided that starting with January 2008 Romania will have a unique minimum salary.

Therefore, starting with January the 1st 2008, according to the Government’s decision, the value of the minimum salary will be 500 lei. In case that the main indicators on which the State’s budget is built, respectively the Gross National Product, the inflation, and the level of the labor’s productivity are fulfilled, starting with July 2008 the minimum salary, at a national level, will be 540 lei.

Trade Unions and Employers Unions agreed to continue the negotiations regarding the additional act to the national collective labor agreement, for establishing the salary levels.

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Moldova: Fiscal Innovations in 2008

December 13, 2007Lia Bejenaru

2008 promises to be a year full of surprises and innovations in the fiscal domain, at least this is what the Ministries of Economy and Finance that thought of a true economic revolution, promise us. Everything started since 2007, when the Government canceled all the company’s fiscal debts until January the 1st 2007, thus beginning a new stage, which, they hope it will be more productive. This Reform is called “Fiscal Amnesty”, and its main purpose is to help and promote the companies that cannot function normally because of the debts to the State’s budget. The purpose is to develop the local business environment, but also to increase the main economic indicators, thus creating the premises for attracting local and foreign investments.

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Ascent Group became partner of Consulting Review Magazine

December 10, 2007Adela Cristea

Ascent Group became partner of Consulting Review magazine, publication dedicated to answer the needs of information, documentation and professional improvement in business felt by all the investors and managers in Romanian.

Starting with December, Ascent Group consultants will answer to the questions addressed by the readers of the magazine; respectively they will offer solutions on accounting, tax, legal and labor issues.

The selection of Ascent Group as partner of the Consulting Review magazine is an additional proves for the quality of the service our group tries to provide for its clients.

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CAEN Code will be modified according to EU standards

December 7, 2007Rainfall

The National Institute of Statistics elaborated the revised version of the Classification List of the Activities within the National Economy (CAEN), in order to be compatible with the European classification list. The changes will apply starting with January the 1st 2008.

Thus, the activities within the national economy will be classified according to a new structure, compatible with the EU standards. The new codes system will be applicable within the EU, and Romanian companies will be able to take part in any European auction. Good news for the companies is that they will have much more options to register within different domains of economy.

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Ascent Group Launches the Training Programs for 2008

November 29, 2007Adela Cristea

Continuous personnel formation is a deeper and deeper need felt by any company our days. It represents not only an investment in people, but also a very useful tool to become more efficient, to solve easier the multitude of tasks we have to face every day, and not last, an important motivation factor for our employees.

Ascent Group is your partner in the process of personal and professional development of your employees, because, first of all, the value of a company is given by the value of its people.

Ascent Group brings a modern vision to the learning process, by emphasizing the benefits of “learning by doing” through exercises, role-plays and behavioral modeling. Our training programs have an interactive approach, are personalized and addressed to each client’s unique demands, to their visions and organizational objectives.

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Why training? Why Ascent Group?

November 29, 2007Oana Mosoiu

Until getting into the deeps of training area from a trainer perspective, I was many years in row a training participant. My luck – and now yours as a user of Ascent Group’s services – is that my first impressions on training were exceptional and the experiences I have been through and which are the basis of my trainer preparation were special, spectacular, and kind of life-changing! I have oriented towards this area because at that time I understood how great is to be a trainer, how you could change people’s lives, their interpersonal relationships but with themselves also, how you could help them become more for themselves and the environment they live their personal and professional life, and being aware of the long and troublesome road I have to travel.

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“Doing Business” in Moldova

November 29, 2007Lia Bejenaru

When talking about the possibility of investing in the Republic of Moldova, there’s a first question that appears: How complicated, certain and advantageous is to place money in a country that finds itself in a process of economic transition?

A research made by World Bank and International Finance Corporation tried to answer this question, study that analyzed 178 economies in the world, including the economy of the Republic of Moldova, from the business environment point of view. Doing Business 2008 places Moldova on the 92nd place, a favorable position compared to the majority of the countries from Eastern Europe, being followed by Azerbaijan (96th place), Belarus (106th place) and Ukraine (139th place).

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Ascent Group expands regionally

November 28, 2007Marcel Chiscan

Ascent Group intends to expand it’s the territorial network in 2008 by opening new branches. Within our expansion plans for next year we included the opening of 2 offices in Romania, in Timisoara and Brasov, by March 2008. Regarding the expansion abroad, our main target goes on Serbia, Russia and Ukraine. Our regional development plans are based on the opening of own offices or in association with local partners, already existent consulting companies.

Currently Ascent Group has a network of 5 offices: Bucharest and Arad in Romania, Chisinau in the Republic of Moldova, Sofia in Bulgaria and Limassol in Cyprus.

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Self-knowledge – how important is for us?

November 27, 2007Rainfall

Recently, I have participated at a start course in NLP (neuro–linguistic programming). For those unfamiliar with this term, I could give one of the „definitions”, sustaining that NLP: “is the applied amount of psychology knowledge, research of mind and language, and makes possible the teaching and learning of success communication and of thinking and action oriented towards objectives for personality development.”

I can also tell you it was quite an experience that I enjoyed a lot and has proved I do not know myself that well as previously considering. It has determined to ask myself about my own person and to realize that knowing me is a laborious process, but worth every penny.

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Jordan Sheppard and Ascent Group together in Romania

November 15, 2007Rainfall

One of Ascent Group’s main concerns was always the improvement of the quality for the services we offer. This is the reason why our group has always carefully chosen top partners in all the fields of its activity.

November marks the launching in Romania of an elite company in the field of human resources services, mainly executive search, through an association between Jordan Sheppard and Ascent Group.

Jordan Sheppard is a multinational company in the field of human resources, who has chosen to launch its activity in Romania through an association with Ascent Group. The result of this partnership is Jordan Sheppard Romania.

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