2 out of 10 companies (20%) activating in Romania are not involved in sponsorship actions, either because they do not understand the routing mechanism, or because they are not convinced of the actions that should be routing the money, according to a study done at the beginning of this year by EY Romania, in partnership with the Association for Community Relations (ARC).The research titled "Fiscal credit: system of sponsorship actions in Romania" highlights the fact that most money from sponsorship were attracted by non-government organizations that activate in health (28%), social services (26%) and education (26%). On the opposite end there are organizations in the area of environmental protection with the least amount of sponsorship actions (5.3%).Furthermore, 46.9% of respondents say that they wish for sponsorship to be requested during the fourth trimester of a financial year, while sponsored sums are directly correlated with the size of the company and profit.According to EY consultants, the Law of Sponsorship and Fiscal Code allow commercial companies that pay corporate tax to offer sponsorship to entities without a lucrative purpose / public authorities / individuals for activities carried out in certain areas (culture, education, humanitarian, social) and to benefit from fiscal facilities, in certain conditions provided by the law.The study made by EY and ARC is based on the answers of 150 respondents, the data being collected during the period of December 17, 2021 and January 21, 2022, through the means of a dedicated platform.Present in Romania since 1992, EY is the leader in professional services market, with over 800 employees on a local plan and in the Republic of Moldova.
Around 32% of Romanians plan to spend their upcoming holidays abroad, with Greece, Italy, and Spain topping the list of preferred destinations, according to the Visa CEE Travel and Payment Intentions Study 2025. Of those going abroad for the summer, nearly 40% say they are “experience seekers,” prioritizing discoveries and stepping out of their comfort […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, will remain under judicial supervision after the District 1 Court in Bucharest rejected his appeal against the prosecutors’ decision to extend the preventive measure,
The mayor of Timișoara, Dominic Fritz, will be the new leader of the Save Romania Union party, or USR, after he received 67.2% of the votes in an internal race. The vote for the new party president was conducted online and started Wednesday at 10 AM and ended Friday at noon. A total of 10,914 […]
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
