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  • Deloitte Romania’s Corporate Finance practice has advised the shareholders of Fabryo, the leading Romanian decorative coatings manufacturer, in the successful sale of 100% of the shares to Akzo Nobel N.V.. The transaction was completed on October 1st, 2018, after receiving regulatory approvals. “We are pleased to have had the opportunity to assist the...
    02 Octombrie 2018/ Continuare
  • The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved the Quick Reaction Mechanism against VAT fraud. These two measures will be active until June 30, 2022*,...
    01 Octombrie 2018/ Continuare
  • Mozilla has launched a new, free, service for people who wish to know if they have been part of a data breach. The Firefox Monitor was trialed this summer, according Telecompaper. People can check if their email was used as part of a data breach by visiting monitor.firefox.com. With the help of Australian web security expert Troy Hunt, the email address...
    26 Septembrie 2018/ Continuare
  • Symantec said its Audit Committee has completed the internal investigation into the company's accounting practices started in May. The main finding was a contract recognsied as revenue in the fiscal Q4 to March will need to be restated mainly as deferred revenue, according Telecompaper. After finding several shortcomings in implementation of the company...
    25 Septembrie 2018/ Continuare
  • According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. “La the EU level there are six countries*** that registered a higher VAT gap in 2016 comparing to 2015. Romania is the...
    24 Septembrie 2018/ Continuare
  • Vodafone Romania will offer Apple’s latest products starting on September 21, including iPhone Xs and iPhone Xs Max, the most advanced iPhones ever, as well as iPhone Xr, bringing the latest iPhone innovations to more people.       Customers will be able to pre-order iPhone Xs and iPhone Xs Max beginning September 21 and iPhone Xr beginning October 19 at...
    21 Septembrie 2018/ Continuare
  • Romanian cable company Akta Group launched an online application through which its customers can watch some of their favourite TV channels on the internet both directly on www.Akta.ro as well as on mobile devices, writes local paper Ziarul Financiar citing CEO Dinu Malacopol (photo). The app works on tablets or smartphones with Android and soon it will...
    20 Septembrie 2018/ Continuare
  • Artificial Intelligence (AI) will have huge impact on global economy by 2030, according to PwC’s report Sizing the prize, a recent analyze of the economic impact of AI. “The impact on productivity could be transformative from a competitive point of view – businesses that fail to converge and adopt new technologies could quickly find themselves undercut on...
    19 Septembrie 2018/ Continuare
  • Parks Associates today released Smart Product Market Assessment: Networked Cameras, which estimates 7.7 million standalone and all-in-one networked/IP cameras will be sold in the U.S. in 2018, with $889 million in revenues, according parksassociatesemail.com. "IP cameras are key security-related devices and provide peace of mind to consumers. As such,...
    19 Septembrie 2018/ Continuare
  • More than 5,000 Romanian merchants sold in the first seven months of this year almost 192,000 products on eBay, one of the largest e-commerce platforms in the world, with 175 million buyers in 190 markets. “Our aim is to create as many opportunities as possible for Romanian merchants and to offer instruments helping them to grow their sales, through a...
    18 Septembrie 2018/ Continuare

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