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Ascent Group
Business Newsletter
January 2009
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Ascent Group. Business Consulting
Ascent Group. Business Consulting


The beginning of 2009 brought us many changes, both in the legislation and in the business environment. The Ascent Group's consultants prepared for you a selection of the latest news, which we hope you’ll find useful and interesting.

Editorial top  

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2009 started in Romania in force, with plenty of news.

Besides the economic crisis is being felt more and more, creating a turbulent economic environment, we have a new Government, which from the first steps took many decision, contested and generating multiple changes. Last but not least, from the 1st of January 2009 many legislative changes shall became effective, some already approved in previous years, but which take effect only after that date, others very fresh. read more»


Legal & Fiscal top  

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From the 1st of January 2009, according to the GD 1051/2008, the basic national minimum gross salary , in Romania, has been increased from 540 lei to 600 lei per month for a full time working programmme of 170 hours per month, representing the 3,529 Ron/ hour.

At the minimum wage stated above, coefficients corresponding to each job are applied. For example: read more»


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Unfortunately, the estimations from December 2008 regarding the contributions to the social insurances payed by the employer were partially modified, on the increase, beginning with 2009. read more»


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Tax rate for the incomes of the micro-companies increased from 2.5% to 3% from the 1st of January 2009, according to art. 107 of the Fiscal Code.

In order to benefit of the advantage of the fiscal policy for micro-companies, companies which choose this option should meet on December 31st of the previous fiscal year, cumulative, conditions laid down in Article 103 of the Fiscal Code: read more»


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The New Executive Body in Bucharest adopted on the 30rd of  December 2008 a series of measures agains the crisis effects, cancelling some of the measures against the crisis just promoted by the old Government. read more»


Corporate News top  

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Starting December 2008 Luciana Căciuleanu became Group Training Manager of Ascent Group. From this position Luciana will coordinate the whole training activity of Ascent Group in Romania, Bulgaria, Republic of Moldova and Serbia. read more»


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Starting January 2009 the new manager of Ascent Group's office in Bucharest is Elena Manera. From this position Elena will coordinate the whole activity of one of the most important Ascent Group's offices. Elena took over the management of the office from Luciana Căciuleanu, recently promoted Group Training Manager of Ascent Group. read more»


Business Environment top  

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In the following period, an International Monetary Fund (IMF) mission will come to Bucharest in order to evaluate the macroeconomic situation and to initiate the discussions with the view to conclude a support agreement to cover the financing deficit in 2009. read more»


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National Tax Administration from Romania (ANAF) includes the amounts derived from the rental contracts within the category of incomes obtained from self-employment. Exceptions are contracts to lease agricultural goods. According to the Fiscal Code, are treated as income from rents all income, in cash and / or in kind, resulted from the giving up of the use of movable and immovable property acquired by the owner, beneficial owner or other legal owner.

On the charge, there will be: read more»


Partners top  

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Jordan Sheppard Romania, the local branch of the British headhunting company JordanSheppard, launches the program "Consultancy at Crisis Time", targeting both companies who wish to better adapt their HR strategy to the current economic context, as well as professionals who wish to have a realistic insight into the labor market and to be assisted in their careers. read more»


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We are glad to announce that 2009 brings excellent news concerning the evolution of Identity Compass® on national and international level. March has a flying start with the licensing training organized in Arad and sustained by Adela Cristea during the 12th – 14th March, and also the first Worldwide Trainer & Consultant meeting. read more»


Analysis & Opinion top  

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The moment when a new member of the team is being recruited within the company, the employer assumes, beside the salary, some other expenses as, for example, the assurance of a safe and well organized working place, expenses related to the materials he-she will consume and obviously the mandatory taxes for the state budget.

We will analyse further on the situation of the Republic of Moldova regarding the taxes which the employer has to support for his own employees. read more»



In this edition you can read:
What news brings us 2009?
Gross minimum wage has increased to 600 lei from the 1st of January 2009
Social contributions decreased in December 2008 and increased again in January 2009
Tax rate for micro-companies increased from the 1st of January 2009
Fiscal facilities "repealed" by the anticrisis plan
Luciana Căciuleanu became Group Training Manager of Ascent Group
The New Year brings a new manager for the Ascent Group's office in Bucharest
A possible agreement between IMF and Romania for financial support
Tax revenue from rents
Jordan Sheppard România launches the Program "Consultancy at Crisis Time'
Identity Compass® 2009
How much it costs us an employee in the Republic of Moldova?

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-
fax: +373-
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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