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fiscality

“Fiscal revolution”

The Emergency Ordinance no.79/2017 (the so called “fiscal revolution”) was adopted on 8th of November by the Romanian Government regarding the modification of the Fiscal Code and it came into force, being published on 10th of November in the Official Gazette, although the draft was negatively endorsed by the Fiscal Council and the Economic and Social Council.

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business

Artificial Intelligence

What does Artificial Intelligence (AI) mean?

The term artificial intelligence was coined in 1955 by John McCarthy, a math professor at Dartmouth who organized the seminal conference on the topic the following year. Ever since, perhaps in part because of its evocative name, the field has given rise to more than its share of fantastic claims and promises according to Harvard Business Review.

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business

Foreign Direct Investment in Romania in 2016

The results of the 2016 Foreign Direct Investment statistical survey were published on September 29, 2017. The National Bank of Romania, in cooperation with the National Institute of Statistics, conducted the statistical survey regarding the foreign direct investment (FDI). The major goal of the statistical survey was to determine the FDI stock as of 31 December 2016 and the FDI flows during the 2016 financial year into the resident direct investment enterprises.

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