News
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 2024COMPANY 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 2024LABOR 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 2024EU: 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 2024FISCALITY: 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 2024RESTRUCTURING vs INSOLVENCY
Facing increasing financial pressure, many companies are forced to choose between restructuring or insolvency proceedings. Read more
19 September 2024ECODESIGN 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 2024AI : 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 2024THE 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 2024SPONSORSHIP / 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 2024TRANSPORT: 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 2024ENERGY: 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 2024INCREASE 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 2024ROMANIA 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 2024CORPORATE 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