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INCREASE IN THE MINIMUM BASIC GROSS SALARY IN ROMANIA

INCREASE IN THE MINIMUM BASIC GROSS S...

The minimum basic gross salary at the national level will increase from 1 July 2024, rising from 3,300 lei (approx. €663) to 3,700 lei per month (approx. €744) for a monthly working time of 168 [...] Read more

12 June 2024
ROMANIA ADOPTS THE LAW FOR THE PROMOTION OF OFFSHORE WIND ENERGY

ROMANIA ADOPTS THE LAW FOR THE PROMOT...

Romania took a significant step towards developing electricity production projects from offshore wind resources by adopting Law no. 121 of April 30, 2024, published in the Official Gazette no. 421 of May 8, 2024. Read more

16 May 2024
CORPORATE SUSTAINABILITY: TIMELINE

CORPORATE SUSTAINABILITY: TIMELINE

The Directive no. 2022/2464 regarding corporate sustainability disclosure, known as ”CSRD” (Corporate Sustainability Reporting Directive), was transposed in the Romanian legislation under the Order no. 85/2024 of the Public Ministry of Finances, published Read more

13 May 2024
RECENT MODIFICATIONS OF THE PPP LEGISLATION

RECENT MODIFICATIONS OF THE PPP LEGIS...

Public-private partnership (PPP) legislation has been subject to several changes lately, under the Law no. 7/2024 for approval of the GEO no. 39/2018, published in the Official Gazette no. 13/2024, and more recently, under the [...] Read more

10 April 2024
SIMPLIFIED RULES FOR POSTING FOREIGN WORKERS IN ROMANIA

SIMPLIFIED RULES FOR POSTING FOREIGN ...

Government Ordinance No. 6/2024 on employment and posting of foreigners in Romania introduces the possibility for the work / posting permit to also be transmitted to the applicant electronically. Read more

21 February 2024
NEW DATA ON LICENSING INDUSTRIAL ACTIVITIES

NEW DATA ON LICENSING INDUSTRIAL ACTI...

A new step was taken towards simplifying and digitizing the process of licensing industrial activities, with the enactment of GD 1251 on December 13, 2023. Read more

1 February 2024
PUBLIC HOLIDAYS IN 2024

PUBLIC HOLIDAYS IN 2024

At the beginning of this new year 2024, may it be great, please find bellow the list of Public Holidays in 2024, as provided for by the Romanian Labour Code. Aside from January 1st and [...] Read more

4 January 2024
SCREENING OF EUROPEAN DIRECT INVESTMENTS IN ROMANIA – NEW LEGAL PROVISIONS

SCREENING OF EUROPEAN DIRECT INVESTME...

All foreign direct investments by EU investors shall be subject to thorough screening, regardless of whether they are subject to screening procedures aimed at economic concentrations, as already applicable to outward investments. Read more

21 December 2023
THE DOMESTIC GROSS SALARY IN 2024

THE DOMESTIC GROSS SALARY IN 2024

The domestic minimum basic gross salary in 2024 will be 3,300 lei (approx. €663) per month, except for the construction and agriculture sectors, where it will be 4,582 lei and 3,436 lei, respectively. Read more

13 December 2023
FISCAL POLICIES: OVERVIEW OF THE MAIN FISCAL CHANGES

FISCAL POLICIES: OVERVIEW OF THE MAIN...

The Law no. 296/2023 published in the Official Journal no. 977 of October 27, 2023, provides for fiscal-budgetary measures on which the government undertook responsibility in the Parliament and brings significant fiscal changes that may [...] Read more

1 November 2023
PREVENTION AND FIGHT AGAINST HARASSMENT AT THE WORKPLACE: NEW PROCEDURES AND OBLIGATIONS FOR EMPLOYERS

PREVENTION AND FIGHT AGAINST HARASSME...

In addition to the existing legislation promoting gender equality and safe work environment , without violence and harassment, the GD no. 790/2023, published in the Official Journal no. 939 of October 17, 2023, sets the [...] Read more

24 October 2023
REPORTING ON FOOD AND AGRICULTURAL PRODUCTS STOCKS

REPORTING ON FOOD AND AGRICULTURAL PR...

The rules of enforcement of the Law no. 105/2023, establishing for the agricultural producers, depositors, processors, and vendors acting in the agri-food sector in Romania the obligation of monthly reporting of food and agricultural products [...] Read more

24 October 2023
NEW MINIMUM SALARY STARTING WITH OCTOBER 1st, 2023

NEW MINIMUM SALARY STARTING WITH OCTO...

The Government approved the increase of the basic gross minimum salary at the country level, which, starting with October 1st, 2023, goes from 3,000 to 3,300 lei per month. Read more

3 October 2023
TAXATION: NEW TAX REGIME FOR MICRO-ENTERPRISES (DRAFT)

TAXATION: NEW TAX REGIME FOR MICRO-EN...

The government has proposed significant changes to the tax regime for micro-enterprises by passing a bill through the procedure of assuming responsibility in Parliament. Read more

26 September 2023
INCOME TAX EXEMPTION IN THE IT FIELD MAINTAINED UNTIL 2028  (PROJECT)

INCOME TAX EXEMPTION IN THE IT FIELD ...

Under the law draft on tax measures for ensuring Romania’s long term financial sustainability tabled for public debate by the government, the income tax exemption on salaries and other salary-related income for employees in the [...] Read more

22 September 2023

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