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