Coronavirus – What should employers do now?

The coronavirus outbreak could cause various issues for employers. Companies are confronted with this challenge now. The world has to deal with a global pandemic, which, besides medical problems, also raises questions about how to live and work together. Majority of the companies work from home. But how exactly do you...

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The state of emergency: updated payment deadlines

Accessing the benefits regulated by economic and fiscal measures elaborated in the context of the state of emergency - GEO 29/2020 and GEO 30/2020 Preamble: We structured the measures into 3 categories: General, for all companies Applicable only for companies directly affected by the state of emergency (technical unemployment and deferment of...

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Employment contract suspension due to Covid-19

The spread of Covid-19 cases continues and the problem of how to approach the virus in professional life has become a priority. During this period there are companies that have decided to suspend their activity. The suspension of the employment contract can occur both at the request of the employee or...

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Financial area and effects

The Guarantee Fund for loans for SMEs was increased by 5 billion lei, with the possibility of gradually increasing up to 15 billion lei. The interest is to be subsidized from the budget. The guarantee fund covers 90% of the guarantee for loans less than 1 million lei and 80%...

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Fiscal COVID-19 measures

During the state of emergency, for fiscal obligations due from the date of entry into force of the emergency ordinance and unpaid until the cessation of the measures provided by the state of emergency, no interest and late payment penalties are calculated according to the Tax Procedure Code. This facility will...

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Our recomandations on financing

Accessing the support schemes for SMEs Contact the banks with which you have financing instruments in place, to extend them. Although it is unlikely to identify other financiers available among banks, we anticipate a continuation of the trend of increasing business financing through private equity participation. Obtain liquidity from assets such as real...

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To our clients: Kreston Romania is here for you

We, the Kreston Romania team, are ready to accompany you in the next period to find, together, the best solutions for continuing our business. In this sense, we have formed a team capable of covering all the areas of professional services needed to access the measures to support the business environment...

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Legislative measures and employment

Free days for parents Parents who are required to supervise children during the closing of the educational units - it is granted to one of the parents, at the level of 75% of the basic salary. It is refunded from the Guarantee Fund for salary claims up to 75% of the...

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Technical unemployment: An alternative during the quarantine period?

The economic-financial sector is in free fall in the last period, the financial condition of many companies is directly affected by the internationally declared pandemic. Besides work at home, telework or free days adopted by the government so that parents can stay at home with children up to 12 years during school...

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