From Disclosure to Scrutiny: A Turning Point for the SEE Energy Sector The first cycle of Corporate Sustainability Reporting Directive (CSRD) implementation has exposed a critical reality across South-East Europe (SEE): while alignment with EU sustainability objectives is widely acknowledged, operational readiness remains uneven. For energy companies in Romania, Greece, Bulgaria, Cyprus and Moldova, the…
About Baker Tilly Baker Tilly South East Europe is a leading firm of auditors, accountants, tax consultants and business advisors, operating in Cyprus, Bulgaria, Romania, Moldova and Greece. Country offices are independent member firms of Baker Tilly International; one of the top 10 largest networks in the sector. We are committed to delivering exceptional professional…
For many non-profit organizations (NPOs), preparing consolidated financial statements is not always straightforward. Unlike the corporate sector, where ownership is often the determining factor, consolidation under IFRS 10 Consolidated Financial Statements is based on control. This distinction frequently creates challenges, particularly for organizations operating through foundations, charitable trusts, subsidiaries, or affiliated entities. In practice, one of the most common misconceptions is that an entity…
The Supreme Court of the United States (SCOTUS) announced on February 20, 2026, that President Trump does not have authority under the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs. This announcement marks a significant legal and political moment in U.S. trade policy and creates a surge of opportunities for US importers financially…
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Eurozone inflation has jumped to its highest rate in three years, reaching 3.8% in September and taking it further above the European Central Bank’s official 2% target. Inflation has doubled in just 8 months, from 1.7% in January to…
This article was co written by Mark Lumsdon Taylor and Sabrina Freitas. We should not be surprised. Every stunted potato in a field, and every brown, scorched pasture across the wider UK countryside is not an ‘Eclipse’ moment or event. It is the simple and inevitable arithmetic of a planet that has just lived through…
Major Withholding Tax Reductions Effective from 2026 January 2026 Romania and the United Kingdom have entered into force a new Convention for the Elimination of Double Taxation, replacing the treaty in force since 1975. The new treaty, signed on 13 November 2024 and effective from 23 December 2025, aligns with OECD and BEPS standards…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Cleaners for the hotel public areas. There is the possibility to work full-time or part-time, as well as all year round or seasonal employment. Mercure City Hotel is a contemporary hotel nestled in…
“Think due diligence guarantees a risk-free deal? Or that it is simply about crunching numbers? Think again – there is much more at stake.” Due diligence reduces risks by providing insights but does not guarantee a risk-free deal. It goes beyond numbers by analyzing trends, assessing the sustainability of revenue, understanding working capital needs and…