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DEFENCE AND SECURITY PROCUREMENT: KEY LEGAL PROVISIONS

DEFENCE AND SECURITY PROCUREMENT: KEY...

In the current security context and in line with Romania's national strategy to modernize the military and enhance production capacities in the defence industry, a new domestic legislative framework for operations related to defence and [...] Read more

12 December 2024
COMPANY LAW: MODIFICATIONS REGARDING THE GENERAL MEETINGS AND THE ULTIMATE BENEFICIAL OWNERS

COMPANY LAW: MODIFICATIONS REGARDING ...

New modifications and supplements to the Companies Law no. 31/1990 have been enacted under the Law no. 299/2024, published in the Official Gazette no. 1212 of December 3, 2024. The newly enacted regulations come into [...] Read more

5 December 2024
LABOR LAW: EXPLORING SALARY-EXTRAS – BENEFITS THAT CAN BE GRANTED TO EMPLOYEES

LABOR LAW: EXPLORING SALARY-EXTRAS – ...

Romanian employers can grant to their employees a variety of tickets and vouchers, in compliance with the national legislation. Such salary extras are benefits abiding by differentiated tax regimes and regulated under specific normative acts, [...] Read more

20 November 2024
EU: NEW OBLIGATIONS FOR COMPANIES WITH REGARD TO THE PROTECTION OF HUMAN RIGHTS AND OF THE ENVIRONMENT

EU: NEW OBLIGATIONS FOR COMPANIES WIT...

On July 25, 2024, entered into force the Directive on corporate sustainability due diligence (Directive 2024/1760). Read more

2 October 2024
FISCALITY: THE NEW TAX AMNESTY

FISCALITY: THE NEW TAX AMNESTY

egal persons, self-employed persons (PFA), legal persons carrying out independent activities or liberal professions, including non-profit entities may benefit of the tax amnesty and the bonuses granted under the GEO no. 107/2024 for regulating some [...] Read more

24 September 2024
RESTRUCTURING vs INSOLVENCY

RESTRUCTURING vs INSOLVENCY

Facing increasing financial pressure, many companies are forced to choose between restructuring or insolvency proceedings. Read more

19 September 2024
ECODESIGN FOR SUSTAINABLE PRODUCTS : NEW EUROPEAN RULES

ECODESIGN FOR SUSTAINABLE PRODUCTS : ...

Starting with 2026, product placement on the EU market shall be subject to producing a digital passport to prove that minimum ecodesign requirements are met and providing information about the characteristics of the product, its [...] Read more

28 August 2024
AI : THE FIRST EUROPEAN REGULATION TO BE IMPLEMENTED BY EU MEMBER STATES

AI : THE FIRST EUROPEAN REGULATION TO...

The regulation EU 2024/1689, laying down rules on artificial intelligence (AI) was published in the Official Gazette of the EU on July 2024. The regulation came into effect on August 1, 2024, and is mandatory [...] Read more

21 August 2024
THE ELECTRONIC SIGNATURE: NEW LEGAL REGULATIONS

THE ELECTRONIC SIGNATURE: NEW LEGAL R...

Law No. 214/2024 on the use of electronic signatures, published in the Official Gazette on July 8, 2024, introduces significant changes to the regulations governing electronic signatures and electronic seals. Read more

13 August 2024
SPONSORSHIP / PATRONAGE: THE PROCEDURE FOR REDIRECTING PROFIT TAX

SPONSORSHIP / PATRONAGE: THE PROCEDUR...

The new procedure approved by ANAF Order No. 3562/2024 and published in Official Gazette No. 643 on July 5, 2024, establishes the rules that profit taxpayers must follow to redirect part of their profit tax [...] Read more

22 July 2024
TRANSPORT: MONITORING ROAD TRANSPORT OF GOODS WITH HIGH FISCAL RISK

TRANSPORT: MONITORING ROAD TRANSPORT ...

The Procedure for use and operation of the national system for monitoring the transport of goods, RO e-Transport, has recently been published in the Official Gazette no. 597 of June 27, 2024. Read more

4 July 2024
ENERGY: NEW PROCEDURE FOR AUTHORISING EU COMPANIES TO PARTICIPATE IN THE ENERGY MARKETS IN ROMANIA

ENERGY: NEW PROCEDURE FOR AUTHORISING...

Foreign companies headquartered in an EU Member State can be granted the right to participate in the electricity and natural gas markets in Romania, provided they comply with the new procedure approved by ANRE Order [...] Read more

13 June 2024
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

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