Measures that contribute to supporting the business environment need to be expanded and a fiscal system that encourages responsible capitalism should be put in place, considers Robert Sova, vice-president of the Upper Council of Romania's Chartered Accountants and Experts Body (CECCAR), as cited in a statement.Together with the Daruieste Viata/Gift of Life Association and the Marie S. Curie Children's Emergency Clinical Hospital, CECCAR organized at the beginning of this week the event "Together, for successful projects", which brought together professional accountants and entrepreneurs.The important role incumbent on the state, through the establishment of measures that encourage the business environment to engage in social good causes was one of the subjects discussed at the meeting."The state - professional accountant - entrepreneur - civil society partnership can create a new business model, in which social good becomes a central element. (...) It is time for us to promote responsible capitalism, a business model in which profit goes hand in hand with the positive impact on our communities," said Robert Sova.The importance of increasing the number of companies that use fiscal incentives, such as profit tax redirecting, to support social causes was also reiterated.Representing the Daruieste Viata Association, Carmen Uscatu and Oana Gheorghiu spoke about the project that today offers some of the children cared for at the Marie Curie Hospital optimal treatment conditions in modern spaces, helping them forget at times that they are in a hospital.According to estimates presented by the association, only 50% of companies use the facility to direct 20 percent of the profit tax to non-profit organizations.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
