Southeast Europe: An emergent FDI destination in Europe

According to the Ernst & Young Southeast Europe Attractiveness Survey 2008, Romania continues to be the most attractive destination for investment in Southeast Europe, attracting strong investor interest in high value-added activities.

A press conference was held on April 17, 2008 to present the survey results. Read more on the event and dowload the presenation (English/ Romanian) here.

Human Capital Alert

These alerts are designed to keep you updated on the amendments brought to work regulations for foreigners, as well as the labour force and employment regulations.

• Implementation of EU regulations regarding the social security regimes for migrant workers
- January 2008
• New regulations regarding the social security system and the individual taxation
- January 2008
• State Social Security Budget for 2008
- January 2008

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Monthly Economic Review

This monthly newsletter brings you a compilation and analysis of the highlights in the country’s macroeconomic environment.

• January 2008

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Articles by our professionals

Read about procedures to improve the quality of financial accounting information, about ways to effectively implement tax and accounting regulations, and many other subjects. Read more

• Real estate investment in Romania - English version
• Real estate investment in Romania - Romanian version

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General Chart of Accounts

Download here ( , 336 kb) the Romanian, English and French version of the General Chart of Accounts published in the Official Gazette no. 1080bis of 11/30/2005.

Legal considerations for foreign investors

(Updated - February 2008)
Foreign investors coming to Romania would be well advised, before starting their business, to inform themselves about every available option to set up and carry out their activities in a profitable manner that corresponds to their business profile and investment plans. This overview provides basic information about the legal requirements for a foreign investor in Romania.

Click here ( , 195 kb) to download the full article.

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Financial reporting in Romania

(Updated - February 2008)
Read about key aspects of financial reporting in Romania in this article written by Camelia Horlaci, Country Managing Partner and Garry Collins, Audit Partner.

Click here ( , 346 kb) to download the article in English.

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Romania Business Passport

This updated edition compiles relevant information on the challenges and opportunities facing business in a dynamic market like Romania. It extensively deals with the changes in business legislation, accounting practices and the tax framework. Find out more here.

Moving to a new location

Starting from 5 May 2008, our new office address will be:

All other contact details remain unchanged, specifically:

Main tel: +40 21 402 4000
Main fax: +40 21 410 7046
Email: office@ro.ey.com

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Taxation in Romania

(Updated - February 2008)
This is an overview article prepared by the professionals in our Tax department and has been updated to reflect the changes brought to the fiscal legislation in Romania.

Click here ( , 432 kb) to download the full article.

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Romania Library

Our Library showcases tax and legislative updates and articles on subjects important to our clients.

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Tax Alert

• Intrastat declarations for the year 2008
• Registration of contracts
• VAT draft amendments
• VAT for work on movable goods
• Environment Fund

A collection of all previous editions is available here.