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CREDITORS’ VOLUNTARY ARRANGEMENT: NEW...
Further changes were brought to the Insolvency and Insolvency Prevention Law no. 85/2014 with the publication of the Law no. 46/2023 in the Official Gazette No. 183 of March 3, 2023. The new changes cover [...] Read more
29 March 2023
SALE OF AGRICULTURAL LAND LOCATED OUT...
Long waited to unlock transactions with agricultural land located outside the build-up area, the procedure regulating the calculation and payment method of the 80% additional tax due, under certain conditions, when selling agricultural land located [...] Read more
9 February 2023
INCOME TAX EXEMPTION: A BROADER LIST ...
Starting with January 1, 2023, new categories of employees in the IT field hired based on an employment contract may benefit of an income tax exemption enacted by the Order no. 21813/6421/2246/4433/2022, published in the [...] Read more
2 February 2023
LABOR LAW: WHAT’S NEW IN THE SOCIAL D...
New regulations on the social dialogue entered into force on December 25, 2022, with the publication of the Law no. 367/2022 in the Official Gazette no. 1238 of December 2022. This new law, repealing the [...] Read more
27 January 2023
PUBLIC HOLIDAYS IN 2023
At the beginning of this new year, may it be great, please find bellow the list of Public Holidays in 2023, as provided for by the Romanian Labour Code. Read more
10 January 2023
THE PRINCIPLES OF SUSTAINABLE GROWTH ...
Although integrating green criteria in public procurement is not a new topic, in the context of the debates on the EU Green Pact, of growing concerns over sustainability, energetic independence and competitivity, it has been [...] Read more
9 January 2023
THE REGIME FOR APPROVAL OF NON-EU INV...
The Emergency Ordinance of the Government no. 46/2022 (”GEO 46/2022”) harmonizes and corelates domestic law with the European law in screening foreign direct investments (”FDI”), Read more
14 December 2022
THE MINIMUM GROSS SALARY AND SOCIAL C...
Starting with January 1, 2023, the minimum gross salary at the national level increases from 2,550 Lei per month to 3,000 Lei per month. In the construction field, according to the GEO no. 168/2022, the [...] Read more
13 December 2022
2022: THE YEAR WHEN THE CVM BECAME HI...
The report of the European Commission and of the Council on the progress of Romania within the Cooperation and Verification Mechanism (CVM) concludes that the country now meets the conditions for lifting the verification mechanism. [...] Read more
5 December 2022
INDUSTRIAL LICENSING : A STEP FORWARD...
A new legal and institutional framework, meant to expedite and simplify the licensing procedures – for obtaining licenses / authorizations / agreements / permits – required for carrying out an industrial activity in Romania, was [...] Read more
2 November 2022
LABOR CODE : THE RELATIONSHIP EMPLOYE...
The Law no. 283/2022, published in the Official Journal no. 1.013/2022, in force as of October 22nd, 2022, enacts significant changes to the Labor Code. Read more
27 October 2022
OVERVIEW OF THE MAIN LEGISLATIVE CHAN...
Some important changes have been brought to the legislation on public procurement, enacted in the Law no. 208 of July 11, 2022, published in the Official Gazette 697/2022. Read more
10 October 2022
RENEWABLE ENERGY: NEW RULES ON CAPACI...
The legal framework on the regime of constructions that can be built on agricultural land located outside the built-up areas, and more specifically for installing renewable energy equipment on such lands, was modified this year [...] Read more
20 September 2022
TRADE REGISTER: EASED COMPANY INCORPO...
As part of the digitization process of public services, new regulations on the formalities for incorporation of companies to the Trade Register were enacted under the Law n° 265 of July 22, 2022, published in [...] Read more
9 September 2022
REPRESENTATIVE OFFICES OF FOREIGN COM...
The legal framework regulating the registration and operation of representative offices of foreign economic entities was aligned to the economic and digital reality by the Ordinance of the Government no. 18/2022, published in the Official [...] Read more
29 August 2022