Romania

This letter expresses the views of KPMG International and its member firms on the Adoption of Severe Hyperinflation and Removal of fixed dates for First-time Adopters (Amendments to IFRS 1).

Comment letter on the Adoption of Deferred Tax: Recovery of Underlying Assets Amendments to IAS 12

This letter expresses the views of KPMG International and its member firms on the Adoption of Deferred Tax: Recovery of Underlying Assets Amendments to IAS 12.

Comment letter on the Adoption of IFRS 13 Fair Value Measurement

This letter expresses the views of KPMG International and its member firms on the Adoption of IFRS 13 Fair Value Measurement.

Romania

Press Room

Welcome to the KPMG press room. Here you will find KPMG news and media contacts.

KPMG reviews levels of support for the European Commission’s proposal for a Financial Transactions Tax

Bucharest, 9 February - KPMG’s EU Tax Centre has prepared an informal ´FTT Thermometer´ which displays KPMG member firms’ understanding of the overall position of their respective governments on the FTT proposals.

KPMG survey: Pace of consumer adoption of new digital business models accelerates

27 January 2012 - Consumers are ever more likely to turn to their personal computers , smartphones and tablet PCs to find gifts, check recommendations, compare prices, and ultimately pay for their purchases, according to a KPMG Survey.

IFRS: the race is on... The last lap!

KPMG Survey of Romanian financial institutions’ use of International Financial Reporting Standards (“IFRS”) compared with Romanian Generally Accepted Accounting Principles (GAAP).

Corporate responsibility reporting hits all-time high

24 November 2011 - Nearly every Global Fortune 250 (G250) company now reports its corporate responsibility activity, while reporting by firms in the pharmaceuticals, consumer markets.

KPMG in Romania and Moldova has achieved a 3% increase in turnover in the financial year ended 30 September 2011

21 November 2011 - KPMG in Romania and Moldova has achieved a 3% increase in turnover in the financial year ended 30 September 2011

KPMG in Romania appoints new partner in Management Consulting

31 October 2011- KPMG in Romania has appointed a new Partner, Dinu Bumbăcea, who will join the firm’s Management Consulting department.

KPMG: Are banks more willing to finance real estate in CEE?

26 October 2011 - “2011 lending trends show banks and investors looking for quality in their portfolio as they target only proven performing markets,” says Andrea Sartori, Partner, Head of Real Estate, Leisure and Tourism in CEE.

KPMG: Less than 15 percent of countries changed income tax rates in 2011

14 October 2011 - Less than 15 percent of 96 countries from around the world, including Romania, recorded any change in personal income tax rates, and not a single G-20 member reported a change to its top personal income tax rate.

KPMG: Mobile Payments Seen as ’Mainstream’ for Consumers within Four Years

6 october 2011 - As companies race to take advantage of the mobile payment services, executives believe the use of a device to make payments or conduct banking transactions will require four years to become widely accepted by consumers.

KPMG in Romania appoints new partners and directors

3 October 2011 - KPMG announces the appointment of two new Partners and four new Directors with effect from 1 October 2011.

Anti-money laundering drops down boards’ agenda in wake of financial crisis

26 september 2011 - Board level interest in anti-money laundering (‘AML’) is being squeezed by other priorities, according to KPMG’s Global Anti-Money Laundering (AML) survey 2011.

KPMG in Romania organises International Tax Conference

22 September 2011 - KPMG in Romania organises International Tax Conference

Fighting fraud during and after the financial crisis

23 August 2011 - Many companies reported an increase in detected fraud during 2009-2010, according to a KPMG survey of managers in countries across Central and Eastern Europe.

KPMG: European Banks - Focus on transparency

17 August 2011 - The leading 15 European banks made collective profits of €85 billion in 2010, double the amount recorded in 2009 and up from losses of €25 billion in 2008, according to a new report from KPMG.

Survey: Majority of business leaders in Europe and the Middle East believe European currency will survive current crisis

August 2011: The majority of business leaders in Europe and the Middle East (64 percent) agree that Europe’s position as a world economic and political superpower has peaked and that its importance will decline, according to a KPMG survey.

Banks’ payment revenue may be at risk as the mobile payments value chain evolves

28 July 2011 - As payments made from mobile phones and other mobile devices become increasingly popular, many banks around the world are rapidly re-evaluating and evolving their business models, according to a new report from KPMG International.

Financial services disputes on the increase worldwide: and there is more to come

23 June 2011 - Over a third of law firms have experienced an increase in financial services disputes since the onset of the financial crisis in August 2007, according to KPMG global research.

Complex supply chains can have transfer pricing implications

20 June 2011 - New KPMG International publication examines how companies can navigate through the myriad of transfer pricing issues created by complex supply chains

Who is the typical fraudster

15 June 2011 - Senior executives are committing more fraud according to a global KPMG survey, which found that CEOs were involved in 26 per cent of cases – up from just 11 per cent in a similar 2007 survey.

KPMG and ASE announced the Professorship program

8 June 2011 - KPMG in Romania and ASE Bucureşti signed a cooperation agreement for the KPMG Professorship at the Academia de Studii Economice (ASE) in Bucharest.

KPMG organized the international conference for ELI

27 May 2011 - KPMG in Romania organized, in conjuction with ELI - Nuclear Physics, Romania, the high-level international conference dedicated to the ”Extreme Light Infrastructure - Nuclear Physics (ELI-NP) project.”

KPMG in Romania confirms re-appointment of Şerban Toader as Senior Partner for a second mandate

18 May 2011 - Şerban Toader has been re-appointed Senior Partner of KPMG in Romania and Moldova for a second mandate. Toader was first appointed as Senior Partner in 2007.

Time to boost the eu funding opportunities for Romania

17 May 2011 - At CEE level, by halftime of the implementation of the 2007-13 period EUR, 110.2 bn euro worth of grants have been contracted by the 10 CEE countries. This amount is 53% of the total available budget allocated for the 2007-13 period.

Maximizing people power – the finance function under pressure

9 May 2011 - The training, development and retention of the finance function is crucial to the success of an organisation, asserts a new report from KPMG and ACCA called Maximising People Power: Effective talent management in finance.

Study: Healthcare Integration Expected to Advance Over the Next Five Years

26 April 2011 - Countries around the globe are nearly unanimous in the view that significant strides in healthcare integration can be achievable over the next five years, with national governments leading the effort, a KPMG International study had found.

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© 2012 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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