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.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
