News
NEW MINIMIS AID SCHEME FOR SMES
The difficult access of small and medium-sized enterprises (“SMEs”) to financing in Romania is the greatest concern for entrepreneurs and largely accounts for their low impact on the country's economy. In view of this funding [...] Read more
19 April 2017![[Nine O'Clock] ROXANA NEACSU: THE NATIONAL LAW ON POSTED WORKERS, CLOSER TO THE EUROPEAN NORMS](https://www.gruiadufaut.com/storage/316x204@2/xQUSgDPoXdI5YNtKEkGSHO61Gb.jpeg.pagespeed.ic.o-exKNeFK7.jpg)
[Nine O'Clock] ROXANA NEACSU: THE NAT...
As part of its efforts to transpose into national law the European regulations applicable to the posting of workers, Romania has recently passed a new law on transnational posting of employees. Law no. 16 as [...] Read more
5 April 2017
LABOR LAW: GOOD PRACTICES IN CONDUCTI...
During the life of a company, reorganization – also known as corporate restructuring – results from the need to adapt to the economic, legal or market environment. Reorganization occurs both when the company is financially [...] Read more
3 April 2017
POSTING OF WORKERS: NEW RULES APPLICA...
As part of the effort to transpose into national law the European regulations regarding the posting of workers, Romania has recently passed a new law on the posting of workers. Law no. 16 as of [...] Read more
30 March 2017
DEBT RECOVERY: RULES AND PROCEDURES
Causing cash problems or litigations, unpaid debts are unfortunately quite often in a large number of activities. In this context, debt recovery procedures are essential for protecting the company against clients who are late in [...] Read more
16 March 2017
LIMITED LIABILITY COMPANIES: LEGAL AN...
When a shareholder wishes to leave a Limited Liability Company (SRL), it has to sell its shares either to another shareholder or to a third party. Shares may be sold either at nominal value or [...] Read more
16 March 2017
PAYMENTS IN AGRICULTURE – EASIER ACCE...
Conditions for eligibility and access of farmers to financial aids in agriculture granted under the Common Agricultural Policy are more relaxed following the amendment of Government Emergency Ordinance no. 3/2015 for the approval of payment [...] Read more
16 March 2017
NEW PROVISIONS APPLICABLE TO SMES
Newly created small and medium enterprises (SME) can benefit, in certain conditions, of a minimis aid in an amount of 200,000 Lei (approximately 44,500 Euros), representing 100% of the eligible expenses. This minimis aid will [...] Read more
2 February 2017
CHANGES IN TAX LAW: EXEMPTIONS FROM T...
The changes in tax legislation, in force in 2017, include new provisions regarding the exemption from the payment of the income tax for certain professional categories. We present to you below the new provisions regarding [...] Read more
31 January 2017
CHANGES IN TAX LAW IN 2017
We resume our column by an article about several changes in tax law, a very dynamic field at the beginning of 2017. Please find below a brief description of the new legal provisions, which refer [...] Read more
27 January 2017
LEGAL HOLIDAYS IN 2017
We are hereby sending you a summary of the legal holidays in 2017, in accordance with the provisions of the Labour Code. Thus, aside from January 1st and 2nd, which have already passed, the legal [...] Read more
24 January 2017
THE BASIC MINIMUM GROSS SALARY AT THE...
As of February 1st, 2017, in accordance with Government Decision no. 1/2017, published in the Official Journal no. 15 of January 6, 2017 the minimum gross salary guaranteed at the national level in 2017 will [...] Read more
18 January 2017![[Nine O’Clock] Dana GRUIA DUFAUT: TO BE A CREDIBLE VOICE IN EUROPE, ROMANIA MUST GET RID OF ITS INFERIORITY COMPLEX, FIGHT CORRUPTION, DRAFT PROJECTS, DEVELOP PARTNERSHIPS](https://www.gruiadufaut.com/storage/316x204@2/x1SzxWI1MtomCb4571CiJSbwDq.jpeg.pagespeed.ic.mmfaJOUdUh.jpg)
[Nine O’Clock] Dana GRUIA DUFAUT: TO...
"Personally, I do not believe in the legend of Romania’s poor preparation for EU accession. I do not believe that any country that has gained EU membership prior to or after Romania was 100% prepared. [...] Read more
17 January 2017
APPROVAL FOR CHILD TRAVEL ABROAD: NEW...
Law no. 169/2015, amending Law no. 248/2005 on the free movement of Romanian citizens abroad, was published in Official Journal no. 772 of the 3rd of October 2016 and became effective on the 6th of [...] Read more
3 November 2016