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Press Releases
View the collection of Deloitte Romania press releases.
| Reff & Associates-Clauses leading to changes of costs in loan agreements |
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03 December 2008 |
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The fair concern of the borrowers in any finance transaction – the costs – becomes increasingly critical in current times when banks, facing significant increases of their funding costs, are tempted to transfer such additional costs to the borrowers. The material herein presents several types of clauses of credit agreements which may trigger additional or increased costs for the borrowers, without however aiming to analyze the validity thereof. It is worth mentioning that such clauses have been developed for corporate loans and the applicability thereof for retail loans should be further investigated, including from the perspective of... |
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| Romania joins EMEA technology excellence |
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27 November 2008 |
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• Romania makes debut in Deloitte Technology Fast 500 EMEA with two companies in top 100;
• 11 Central European companies are placed in the top 100;
• 44 Central European companies have made the ranking this year, the highest in the history of the competition;
• 9 countries from Central European region have made the ranking, also the most in the history of the competition.Bucharest, November 27 – AROBS Transilvania Software and TeamNet International ranked among the first 100 companies of this year’s Deloitte Technology Fast 500 EMEA, which recognizes technology companies with the fastest rates of annual revenue... |
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| Deloitte announces third phase of EU Gateway program |
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25 November 2008 |
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Bucharest, November 24 – Following two successful phases (Construction & Building Technologies and Fashion Design), Deloitte Romania continues the implementation of the EU Gateway project with a new phase for Environment and Energy-related Technologies, with a final deadline for applications set on January 5, 2009. The EU Gateway program, an initiative of the European Commission which is exclusively implemented by Deloitte’s EU practice, aims at facilitating access to Japan and Korea, in markets difficult to penetrate (particularly the highly regulated technological sectors). It covers six economic sectors in each of the EU countries... |
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| Bucharest hotel operators, 2nd in Europe at occupancy rate drops |
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18 November 2008 |
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Bucharest, November 18 – New room supply flooding Bucharest during a year affected by the financial crisis has led to a 14.2% drop in hotel occupancy to 61.2%, the Romanian capital thus experiencing the second largest occupancy decline in Europe after Reykjavik (-24,9%), according to the “Hospitality Vision” Deloitte study covering the year-to-September performance. Bucharest has suffered significantly from limited supply over the past few years, while demand on the hotel market kept rising. New supply came in 2008 with the opening of Ramada Plaza, Radisson SAS and the RIN Grand Hotel extension. “Bucharest is mostly a destination for... |
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| Christmas shopping, undeterred by financial worries |
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12 November 2008 |
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• 46% of Romanians say that the economy is in recession compared with 3/4 of Europeans
• 50% of Romanians think that the financial crisis is not having a direct impact on their personal situation
• 45% of Romanians plan to increase their Christmas holiday spending this year
• With Romanians exercising more self-control in reining in their consumer appetite, more of them are setting a Christmas shopping budget (48% compared to 37%, last year).
• 69% of Romanians say they prefer premium brands and are not interested in discount stores.Bucharest, November 12 – While almost... |
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| Global Economic Outlook Q4 Report |
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29 October 2008 |
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Bucharest —October 29, 2008 —The global economy remains at substantial risk, but the speed and size of the various governmental rescue efforts bode well for a recovery in the not-too-distant future —this from the Deloitte Touche Tohmatsu Global Economic Outlook 4th quarter report. Written by five Deloitte global economists, it predicts that, although developed country economies will continue their serious downturns, the massive infusion of government money should restore activity to the credit markets and set the stage for recovery. Emerging countries will feel the negative effects of this downturn. The report looks at the historical... |
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| Reff & Associates assists 48-million Euro refinancing deal |
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20 October 2008 |
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Bucharest, October 20 – Reff & Associates, the correspondent law firm of Deloitte Romania, assisted Westdeutsche ImmobilienBank AG (WestImmo), one of Germany’s leading providers of real estate financing, in a deal to refinance the Pipera-based Northgate Office Centre with 48 million Euro. From the beginning of the year, Reff & Associates’ team for banking and finance have assisted various banks in financing deals worth over 300 million Euro, this deal included. Class A Northgate Office Center provides 12,000 sqm to international tenants and has been developed by Creativ Group through one of its affiliate companies. WestImmo is... |
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| Romanian companies show high interest in Asian markets |
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16 October 2008 |
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Bucharest, October 16 - Deloitte Romania reported the highest number of applications in all EU countries in the first phase of the EU Gateway program, aimed at facilitating access to Japan and Korea, in markets difficult to penetrate (particularly the highly regulated technological sectors). The EU Gateway program, an initiative of the European Commission which is exclusively implemented by Deloitte’s EU practice, covers six economic sectors in each of the EU countries. Applications for the first sector, Construction and Building Technologies, ended on September 26. “With 13 applications, Romania was the only country in the... |
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| Romania marks successful debut in Deloitte CE FAST 50 |
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14 October 2008 |
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Bucharest, October 14 – Romanian software developers AROBS Transilvania Software (Cluj-Napoca), TeamNet International (Bucharest) and LASTING Software (Timișoara) ranked 5, 7 and 38 respectively in the Deloitte Central Europe Technology FAST 50 2008, a top of the first 50 fastest growing technology companies in the region, now in its ninth edition. “This is the first time Romania joins the program and the debute was more than promising, since we have three companies qualified, two of them directly in Top 10, with solid growth rates in turnover over the past five years,” said George Mucibabici, Chairman with Deloitte Romania.... |
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| Deloitte opens regional offices in Timisoara and Iasi |
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13 October 2008 |
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Bucharest October 13, 2008 – Consultancy firm Deloitte Romania continues its expansion process in the country by opening two new regional offices in Timisoara and Iasi, six months after the official launch of operations in Cluj-Napoca. „In May, when we opened our first regional office, I said that the constant sophistication process of business communities throughout the country is echoed by an ever higher demand in professional consultancy services,” said George Mucibabici, Chairman Deloitte Romania. “These communities, consolidated around the main Romanian economic centers, need efficient services, tailored to their own needs, and... |
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