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.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
