Press releases

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Recent news releases issued by EY in Romania. For any details, please contact the Marketing and Communication team .

August 2013

  • 12 EY Romania employees gain ACCA certification

    12 August 2013 - ACCA is one of the most valuable international practicing certificates in financial accounting. Read more

  • The unemployed generation in Romania

    8 August 2013 - After the generation of sacrifice, referring to those who struggled with the transition from communist values to market economy, "the lost generation" refers to the young generation who cannot find a job due to the crisis and economic uncertainty in the past 5 years. Read more

  • What we do not know about social media marketing

    6 August 2013 - In the search of tools, platforms and applications that could facilitate a better conversion rate of social media interactions into sales, many companies are questioning the potential of social media marketing and its relevance for the business-to-business area. Read more

  • Differences in power and gas regulation in 15 European countries and in Romania

    7 August 2013 - In Europe, no two countries are regulated in quite the same way in the power and gas sector. At the same time, regulations in this particular area are highly complex, making it difficult to understand these markets. The growing pressure from authorities for higher efficiency and lower costs are added to these differences in regulation, as well as political interference, which may lead to an instable regulatory environment. Read more

March 2013

  • Corporaţiile globale cântăresc stabilitatea băncilor partenere

    13 March 2013 - Majoritatea executivilor din corporaţii (89%) au votat calitatea serviciilor drept cel mai important criteriu pentru selectarea principalelor bănci partenere şi pentru continuarea relaţiei cu acestea. Clientii corporativi sunt din ce în ce mai interesaţi de stabilitatea băncilor cu care colaborează şi de înţelegerea profilurilor de risc ale acestora, se arată în studiul EY Successful corporate banking: Focus on fundamentals, lansat astăzi. Read more

  • Business Pulse Survey: Topul riscurilor şi oportunităţilor din industria asigurărilor în anul 2013

    5 March 2013 - Pe măsură ce asigurătorii se adaptează la noul mediu economic, cu marje mai mici de profit şi măsuri de reglementare mai stricte, tendinţele macroeconomice şi menţinerea unei rate lente de creştere ocupă primul loc în topul riscurilor din industrie, se arată în raportul EY - Business Pulse: Exploring the dual perspectives of the top risks and opportunities in 2013 and beyond. Read more

February 2013

  • Romania continues to be among the world's most attractive countries for renewable energy investments

    26 February 2013 - Romania ranks 13th in EY’s top that measures the market attractiveness for investments in renewable energy projects in 40 countries, maintaining the same position as in 2012. The Renewable Energy Country Attractiveness Indices, which covers the period between December 2012 and February 2013, places Romania ahead of countries like Poland, Turkey, Spain and Austria. Read more

  • EY releases A vision for growth – The Business Outlook for Romania 2013 

    12 February 2013 - 25% of the business leaders in Romania are very confident and 40% are relatively confident that their companies will grow in 2013. However, they are significantly less optimistic regarding the growth of the industry they are active in – only 4% being very confident in this evolution. Read more

  • EY releases Entrepreneurs Speak Out – The Barometer of Entrepreneurship Romania 2012 

    7 February 2013 - Romanian entrepreneurs lack relevant information about sources of financing, organizations that support entrepreneurship and specific entrepreneurial education and training. Moreover, the negative image of business failure in Romania and the sluggish economic environment are perceived by entrepreneurs as important obstacles, as shown by the first EY entrepreneurship barometer released today at the Romanian Business Leaders Summit. Read more

  • The Romanian M&A market has doubled in 2012 

    4 February 2013 - The size of the Romanian M&A market has doubled in terms of value in 2012 compared to 2011, showing a 106% increase to an estimated value of USD 788 million, according to the M&A Barometer issued by EY Romania. Read more

January 2013

  • EUR 20 billion is unnecessarily tied up in working capital in the CSE region alone

    28 January 2013 - Still few companies are taking maximum advantage of their most accessible form of liquidity and cheapest form of financing: working capital – says EY's latest working capital management report. Read more

  • EY presents the Fiscal Code changes to companies in Bucharest, at the seventh annual tax conference

    24 January 2013 - EY’s 7th Annual Tax Conference was held today at the JW Marriott Hotel in Bucharest, where nine tax and business advisory specialists presented the main amendments to the Fiscal Code, Fiscal Code Norms and other tax and accounting regulations that will be impacting on Romanian companies in 2013. Read more

  • Romania climbs up one position in the Globalization Index

    21 January 2013 - Despite weak growth in 2012 and an uncertain economic outlook in many markets for 2013, globalization is still increasing among a majority of the world’s 60 leading economies according to the EY’s annual globalization report. Romania ranks 31st overall, performing in line with the global average. Read more

  • Rebuild the service company operating model in power & utilities

    16 January 2013 - The power and utilities industry, long known for stable, predictable earnings, has become more volatile. There are a variety of factors at work, but the core challenges are simple: costs are rising, revenues are falling, and neither public utility commissions nor commodity markets are offering relief. Read more

  • Dragoş Radu joins EY as a Partner and Head of the Legal Services practice in Romania 

    14 January 2013 - Dragoş Radu, one of the leading Romanian lawyers in Mergers & Acquisitions, Private Equity, Real Estate, and Corporate Law, has joined EY Romania as a Partner and Head of the Legal Services practice, which functions as a separate affiliate law office. In this role, Dragoş will lead firm’s efforts to expand market share, client portfolio and range of services. Read more

  • Mobile technology poised to enable a new era in health care 

    10 January 2013 - The exponential development of mobile intelligent technologies generates a powerful impact in the entire global medical ecosystem.  There’s already a lot of talk around the mHealth concept, or mobile-based medicine, as shown in  EY report,  mHealth - Mobile technology poised to enable a new era in health care. Read more

October 2012

  • Can the tax director add value in the M&A process? 

    23 October 2012 - Global tax directors at the world’s largest companies say in a new EY survey they have increased efforts to find value through tax efficiencies as part of the M&A process. At the same time, almost two-thirds of them say their companies’ deals are attracting more scrutiny by their national tax authorities, a significant increase from 2011, when 49% said their deals were attracting increased attention. Read more

  • New smartphone services are getting lost in the mobile maze

    October 2012 - Consumers are overwhelmed by new mobile internet services and increasingly complex mobile data price plans, according to The Mobile Maze, a new survey by EY. The survey, carried out in June, interviewed 6,000 consumers across 12 countries, and found that while smartphones offer the potential for new data services, regular usage of these services remains low. Read more

  • The Romanian M&A market grew by 86% in the first half of 2012

    The value of the Romanian M&A market grew by 86%, to USD 901 million, while the medium value per transaction increased by 67% in the first half of 2012, according to the EY’s M&A Barometer study. Read more

  • Olga Ţene won the second prize in the global tax competition, Young Tax Professional of the Year 2012

    Olga Ţene, Romanian Tax Academy finalist, won the second prize in the global tax competition – Young Tax Professional of the Year 2012, which took place last week in Boston, USA. Olga was picked from among 20 country finalists, who competed in a 4-day challenge. Following this outstanding achievement, she was awarded a 10-day business trip to one of EY’s Area Tax Centers in London, Washington DC, or Hong Kong. Read more

September 2012

  • The impairment of fixed assets: the snowball that has been rolled over since the beginning of the recession

    Risk is inherent in every corporate decision and cannot be entirely eliminated. However, a sound impairment process and model allow corporate management to quantify and control risk and provides confidence to take informed decisions. A flexible impairment model anchored on credible assumptions, developed at the right level of detail and easily traceable will help companies to evaluate potential impairments and to provide a sound basis for disclosing the essential information stakeholders require. Read more

  • Business innovation comes from collaboration not solitary geniuses

    Mention the word “innovation” and most people will think of extraordinary inventions created by solitary geniuses. But the majority of business innovations today are quite the opposite. The global innovation landscape has been transformed by increase of technology and decrease of funding. The companies that generate innovation successfully thrive on collaboration, a free exchange of ideas and regular interactions with customers and other stakeholders. They innovate not necessarily to revolutionize their industry – although that may happen to a lucky few – but to meet specific objectives and carve out a competitive edge. Read more

  • The opportunity of Advanced Metering Infrastructure in Romania

    Having the 3rd largest energy market in the CSE countries, Romania is ranked 2nd regarding the potential for AMI implementation, according to the report “Advanced Metering Infrastructure in CSE countries” launched by EY. AMI is a way of smart metering that has the ability to provide bidirectional communications between the consumer and the supplier/operator. Also, AMI promotes services that facilitate energy efficiency within the home and has the purpose of acquiring data regarding energy consumption and other energy parameters from end-users. Read more

August 2012

  • Will Romania continue to be attractive for the utility companies?

    Success in the post-recession market will depend on immediate action. The notable progress achieved by Romania in the recent years in the renewable energy has been based on the attractiveness for investments in this sector derived from the green certificates framework. But, from now on, the announced investments in energy target the traditional sectors of production in thermal and hydro power plants. Read more

  • The third emerging billion in the next ten years: women enter the global economy for the first time

    If China and India each represent roughly one billion emerging participants in the global marketplace, the Third Billion represents women who are entering the mainstream economy for the first time. This group is a powerful resource for driving global economic growth. The Third Billion will have a multiplier effect, which happens when large population segments integrate into the global economy. As women enter the economy as newly enabled consumers and workers, they create new markets and increase the available talent pool. Read more

July 2012

  • Foreign direct outflows from Asian markets to hit US$400b by 2020

    The importance of Asia to global trade will continue to increase steadily over the next decade with foreign direct outflows reaching US$400b by 2020 for the nine rapid growth markets within East and Southeast Asia. This is according to the new EY report, Beyond Asia: strategies to support the quest for growth, which surveyed over 600 business executives from organizations based in East and Southeast Asia. Read more

  • Understanding the profile of consumers in other markets – a key factor for the success of Romanian exporters

    Over 80% of Romanian exports in the first quarter of 2012 were directed towards European countries, according to the National Statistics Institute. However, BRIC countries, such as China, Brazil, or India benefit from internal markets with a potential which attracts the biggest exporters in the world. Those who understand the profile of consumers in emerging economies and who are able to adapt to the ever-changing consume behavior of these markets are the exporters who now stand to win the most. Read more

  • Are insurance companies lined-up for the implementation of Solvency II?

    According to the current calendar, insurance companies have only 18 months left to the dead-line when they have to start reporting according to Solvency II – pillar III requirements. During the time left insurers need to mobilize and act to develop instruments and processes which can allow them to fulfill these strict requirements. Read more