Voestalpine acquires majority stake in Travertec Buzău

Popovici Nițu Stoica & Asociații assisted its long-standing client Voestalpine, Austrian leading technology company, on the acquisition of a 60% stake in Travertec Buzău, a company owned by German PCM RAIL.ONE and the sole producer of turnout sleepers in Romania…. Read moreVoestalpine acquires majority stake in Travertec Buzău

PwC study identifies over 65 ways blockchain technology can fix global environmental challenges

● Blockchain applications could disrupt how the world manages environmental resources, helping to drive sustainable growth and value creation ● This opportunity remains largely untapped by developers, investors and governments as the majority of projects are currently focused on areas… Read morePwC study identifies over 65 ways blockchain technology can fix global environmental challenges

Suciu Popa assisted KMG International in creating the Kazakh-Romanian Investment Fund

Suciu Popa & Associates successfully represented KMG International (KMGI) in connection with the structuring and creation of the Kazakh-Romanian Investment Fund as a way to promote investments in a number of sectors of the Romanian economy such as energy and… Read moreSuciu Popa assisted KMG International in creating the Kazakh-Romanian Investment Fund

The average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

The overall private labour market salaries in 2018 were slightly higher than the planned levels. Nationwide, salaries increased by 6.4% higher than the planned adjustment (5.7%), according to the 20th edition of PayWell Salary and Benefits Survey conducted by PwC… Read moreThe average wages in private sector increased by 6.4% in 2018, according to PwC’s PayWell survey

Deloitte Romania and Reff & Associates advised Patria Bank in the sale of a portfolio of non-performing loan receivables with a face value of RON 245 million

Bucharest, October 17, 2018. Deloitte Romania and Reff & Associates,  member of the Deloitte Legal global network, advised Patria Bank in the sale of a portfolio of non-performing loan (NPL) receivables with a nominal value of approximately RON 245 million… Read moreDeloitte Romania and Reff & Associates advised Patria Bank in the sale of a portfolio of non-performing loan receivables with a face value of RON 245 million

Romania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

ECOFIN (Economic and Financial Affairs Council of the European Union) has recently decided that EU Member States “most affected by VAT fraud” will be able to apply, by 30 June 2022, under very strict technical conditions, the generalized reverse charge… Read moreRomania might be the second Member State, after the Czech Republic, to apply the generalized reverse charge mechanism

Deloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Deloitte Romania’s Corporate Finance practice has advised the shareholders of Fabryo, the leading Romanian decorative coatings manufacturer, in the successful sale of 100% of the shares to Akzo Nobel N.V. The transaction was completed on October 1st, 2018, after receiving… Read moreDeloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Double victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various… Read moreDouble victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar