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.
Reformist politicians and presidential hopefuls Nicușor Dan and Elena Lasconi both argued that the current government must explain why the December 2024 presidential elections were cancelled before setting the dates of a new election. The current government, made up of a three-party coalition between the Social Democrats (PSD), National Liberal Party (PNL), the ethnic Hungarian […]
The crop of 2025 concerts brings first-time performances in the country from pop, rock, and opera stars and an anniversary edition of a major festival, set to bring its share of musical surprises. Below, we outline some of the artists and groups that have been announced so far. Duke Ellington Orchestra January 20 The orchestra, […]
Under 150,000 non-EU workers are currently in Romania, helping the country deal with an acute labor shortage that has been ongoing for years. The government is also set to approve a quota of 100,000 foreign workers in 2025. According to data provided by the Labor Inspection, the number of active individual employment contracts held by […]
Bucharest mayor Nicușor Dan recently stated that conservation and protection works at Hanul Solacolu are continuing with a focus on the first-floor level of the main building and the installation of the first beams that will support the temporary roof. The building dating back to 1859 is one of the capital’s iconic buildings, and was […]
More than 390,000 people visited the retrospective dedicated to the Romanian sculptor Constantin Brâncuşi at the Centre Pompidou in 2024, the museum announced. The show, which closed its doors on July 1 of last year, had a daily average of nearly 5,000 entries, the institution said. Overall, the Centre Pompidou welcomed 3,204,369 visitors in 2024, […]
The Romanian-American actor Sebastian Stan won his first Golden Globe for his role in the film A Different Man. In his acceptance speech, the artist thanked the people on his team and the film crew, as well as his parents, and concluded his speech by saying “România, te iubesc” (Romania, I love you). In the […]
