On 24 June 2026, the European Commission published its long-awaited EU tax simplification package, a major legislative initiative aimed at reducing complexity in EU direct taxation and supporting the competitiveness of businesses operating across the European Union. The package forms part of the Commission’s broader competitiveness agenda and responds to concerns from businesses that overlapping […]
GRAFFITI PLUS, one of the leading companies in Romania's communication and brand marketing market, begins trading on the AeRO market of the Bucharest Stock Exchange on July 16, 2026, under the symbol GRF, marking the completion of the listing process launched in 2025. The moment represents the start of a new stage for GRF+, the […]
On 3 June 2026, the Group announced that it had agreed the sale of its Dealz Poland business, completing its strategic exit from fast-moving consumer goods (FMCG) retail and creating a pure-play Pepco business. Accordingly, the highlights below focus on the Group excluding Dealz (the Pepco brand together with central functions), unless otherwise stated. HIGHLIGHTS […]
Coface’s 10th Poland Payment Survey, conducted among 326 companies, reveals a clear deterioration in payment behavior, with average delays extending to 53 days, their highest level since 2021. This worsening trend contrasts with Poland’s solid economic momentum in 2025, when GDP grew by 3.6% on the back of strong domestic demand. Yet rising labor costs, […]
Corporate debt toward the Romanian state budget and social insurance funds continued its upward trajectory in the fourth quarter of 2025. According to data from the financial analysis platform RisCo.ro, total arrears reached 77.8 billion RON by year-end, up from 76.7 billion RON in Q3 2025. Currently, 45,108 companies are listed with outstanding debts, with […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The latest study conducted by Coface Romania shows that in the first 8 months of this year, 4,561 new insolvency proceedings were opened compared to 4,657 in the same period from 2024. Refused payment instruments continued to increase in the first eight months of 2025 by 10% in number and 21% in value compared to […]
Polish investors continue to view Romania as a strategic and attractive market due to its geographic position, growth potential, and transparent legislation, even in the current economic climate, according to recent conclusions from an economic mission organized in Bucharest by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). Internal data of the Bilateral Chamber […]
Apple and Nvidia, the world’s two most valuable companies by market capitalization, pledged over USD1tn towards the US electronics supply chain, presenting themselves as strategic allies in reshoring and industrial sovereignty efforts. However, a closer look reveals these politically symbolic gestures lack the genuine reshoring shifts claimed, posing hidden economic and geopolitical risks. High-profile promises […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
In Bucharest's real estate market, the northern house segment remains one of the most dynamic and attractive, especially given the continuous increase in villa demand. Despite the challenges posed by high construction costs and a decreasing offer, the demand for housing in this area is rising. Price increases and market impact In Pipera, an area […]
Freelancers who have filled in their Personal Income Tax Return through the digital accounting platform SOLO paid more than €11 million in taxes and contributions to the government for 2023. The deadline for individuals with income from independent sources (self-employment, freelance, rents, crypto, dividends, allowances, stock market sales) to declare their income through the Personal […]
After reaching an all-time high in April (USD 10,000/ton), a far cry from the highs of 2009 and 2011 (USD 3,700/t), cocoa prices fell back to USD 7,000/t once the Easter celebrations were over. However, they remain three times higher than a year ago, and are set to stay there. The rise in cocoa bean […]
Brico Dépôt Romania, one of the main players in the construction and home improvement field and part of the Kingfisher plc group, announces activities recorded in the first quarter of this fiscal year. The retailer's sales reached £63m, up 12.3% on the previous year and up 14.7% on a like-for-like basis at constant exchange rates. […]
Today, DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a […]
Bucharest ranks among the major European cities with the lowest housing prices and the highest affordability ratios, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The expected increases in wages as a result of the positive economic developments and also the easing of financing conditions are likely to favor house […]
Romanian companies anticipate improvement of macroeconomic indicators such as gross domestic product (GDP), inflation and unemployment, but seem to still adopt a prudent approach as uncertainty remains high, according to the Deloitte 2024 Romania CFO Survey, conducted at the end of last year among over 110 chief financial officers (CFOs) based in our country. Economic […]
A multidisciplinary team of tax litigation lawyers from Reff & Associates | Deloitte Legal and tax advisors from Deloitte Romania has obtained a referral to the Court of Justice of the European Union (CJEU) by the Bucharest Court of Appeal in a dispute between a Romanian taxpayer and the national tax authority, concerning the VAT […]
The optimism regarding the economic evolution in Central Europe is growing, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey, as the share of respondents who expect overall economic climate to improve went up to 42%, from 15%, in the summer of 2023. Equally positive is the halving of those expecting the […]
On 26 January, Directive (EU) 2022/2464 of the European Parliament and of the Council regarding companies’ sustainability reporting, known as the Corporate Sustainability Reporting Directive (CSRD), was transposed into Romanian law through Ministry of Finance Order no. 85/2024 (“OMF 85/2024”). „This legislative advance underscores Romania's proactive stance in fostering responsible business practices and ensuring that […]
Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value […]
The latest Coface Romania study shows that 6,650 new insolvency procedures were opened in 2023 compared to 6,649 in 2022. The refused payment instruments increased both in value (+37%) and in number (+17%) compared to 2022, but below the levels recorded in 2019. The construction sector reports the highest number of insolvencies, respectively 1,446. The […]
SeedBlink, in collaboration with Mavers Tax Advisory and Andronic x Partners, announced today the launch of ESOP Design, an all-in-one solution developed for the first time in Romania for startups that want to integrate employee equity compensation into their growth strategy. This program simplifies the process of creating and managing Employee Stock Option Plans (ESOPs) […]
Today, Mazars, the international audit, tax and advisory firm, releases its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region remained robust in 2023 in the face of global challenges. The study, Investing in CEE: Inbound M&A report 2023/2024, offers an overview of M&A activity in the […]
The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when […]
116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a […]
The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in Romania in 2023, […]
Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report, and more companies are expected to develop their own generative AI models as they seek to drive greater productivity, […]
Elections effects on the financial markets 2024 is an important election year worldwide. And the first elections already happened in Taiwan where vice-president Lai Ching-te of the ruling, pro-independence Democratic Progressive Party (DPP) won the presidential race, much to China’s displeasure. But the year is bringing elections in some 76 countries, with an anticipated […]
In an uncertain economic landscape, Romanian companies, as well as individual consumers, are more and more oriented towards reducing expenses in 2024, having a more sustainable and financially efficient approach to office design. Thus, the second-hand office furniture market is experiencing the greatest momentum this year, with an estimated 20% increase in demand compared to […]
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study. Companies in Europe are mainly concerned about the same risks, but place political instability […]
Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for the next 5 years are also consistent, given that more […]
The RO e-Invoice system has generated the biggest chaos of the last decade in the entrepreneurial environment, the Romanian state being unprepared to manage the change it imposes and showing incompetence in digitization through the multiple errors of this system. Also, the state is once again failing to develop a good relationship with taxpayers, blaming […]
Investors are looking forward to 2024 with the expectation of an even better year as inflation is on a downward trend, and lower interest rates are finally on the horizon. In its most recent meeting, the US Federal Reserve announced it is done with rate hikes and it will look to cut interest rates in […]
Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”. However, despite all the above-mentioned issues, investors remain positive […]
Romanians expect to live longer and believe that health, well-being, adaptability, and financial security have the biggest role in preparing for longevity. 52% of respondents to NN’s longevity study conducted in Romania, as well as in other countries where the group operates, believe it is likely they will live until the age of 90 and 73% […]
On 5 January 2024, the legislation on the global minimum tax was transposed in the Romanian domestic tax legislation through Law no. 431/2023. Although the first filing deadline for multinational and domestic groups in scope is estimated for June 2026, entities should start gathering the significant amount of information necessary to determine the impact and […]
This year, holiday spending will exceed pre-pandemic levels for the first time, increasing by 10% compared to 2019 and by 14% compared to 2022, as 72% of consumers expect higher prices for products in the food and beverage (86%), clothing and accessories (82%), electronics (80%), home goods (72%), toys (71%) and personal care (70%) categories, […]
A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey. Perception improvement occurred […]
