romania

How to conclude an individual employment contract in Romania

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As specified in the Labor Code, the employment contract must be concluded in writing. The steps to be followed when concluding an individual employment contract begin with the actual drafting and handing over a copy to the employee. In order to prove that he received a copy, the employee must write on the contract that remains with the employer that he received an original copy, along with the signature and date.

More info: frjacons@telenet.be

GREENFIELD INVESTMENT IN ROMANIA

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GREENFIELD INVESTMENT IN ROMANIA

Developing countries tend to attract prospective companies with offers of tax breaks, or they could receive subsidies or other incentives to set up a green-field investment. While these concessions may result in lower corporate tax revenues for the foreign community in the short run, the economic benefits and the enhancement of local human capital can deliver positive returns for the host nation over the long term.

We can help you as a parent company to  creates a new operation in Romania from the ground up.

Recruitment and company services in our business centers in Romania

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CIBR INTERNATIONAL’s company secretarial department provides clients with a full suite of cost-effective company secretarial services, ensuring our clients have peace of mind that they meet the legal and administrative requirements.

Facilitate or create an IT company in Romania

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If you have an IT company in Romania, you can benefit from some general tax facilities, but you also have a special facility, specific to this area. Let's see what these facilities are and how we can benefit from them. For more info mail frjacobs@telenet.be

General facilities

Employers can benefit from budget subsidies, based on Emergency Ordinance no. 60/2018 for the modification and completion of some normative acts in the field of labor force.

10 Advantages that a foreigner must know when he wants to open a company (SRL) in Romania.

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Then, one of the reasons why it is good for a foreign citizen to open his company in Romania is the one related to the wages in our country, the average income in our country is 400 euros.

Any SRL registered in Romania is recognized throughout the European Union and can conduct business in the European community and beyond.

Thesan (Savio Group) realises 6 photovoltaic power plants in Romania, for a total value of more than 13 million Euros and a total power of 9 MWP

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Completion of the acquisition and realisation of 6 power plants in Romania.
Total power of 9 MWp.
Operation’s total value of more than 13 million Euros.
After India, development of activities in Brazil.
18 december 2013 – Thesan S:p.A., a company operating worldwide within the renewable energy sector, has completed the acquisition and realisation of 6 power plants in Romania, each of them having a power ranging between 1 MWp and 2.5 MWp. The total value of the operation is more than 13 million euros.

The European Parliament Energy and Environment Committees call for a 2030 binding target for renewables

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The European Parliament Energy and Environment Committees call for a 2030 binding target for renewables

In a draft resolution adopted today, the European Parliament Committees on Industry, Research and Energy (ITRE) and on Environment, Public Health and Food Safety (ENVI) call for an ambitious and legally-binding 2030 target for renewable energies.

LUKERG completes 82 MW wind farm in Romania

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LUKERG Renew, the joint venture between Italy’s ERG Renew and Russia’s Lukoil – Ecoenergo, has completed a wind farm in the Romanian region of Tulcea.

The farm was put online last November and is currently in testing stage. The project has an 82 MW installed capacity and is fitted with Vestas turbines, with the company planning to add another 2 MW in the coming months.

The farm will generate 200GWh of electricity yearly, when it reaches full capacity.

Following the completion of the new wind project, LUKERG Renew increased its installed capacity locally to 150MW.

Romania’s president asks for re-examination of bill deferring green certificates

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Romanian President Traian Basescu asked the Parliament to re-examine the law approving the government emergency ordinance no.57/2013, which defers some green certificates for renewable producers, claiming the European Commission, the executive arm of the EU, was not prenotified regarding the legal changes.

Renewable energy productionin Romania - all-time record last year

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The renewable energy production reached a record figure at the end of last year, when the total capacity of the projects in the grid exceeded 3,757 MW, 60 per cent higher than in late 2012, according to data released by Transelectrica, Agerpres informs.

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