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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 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 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 ...
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...
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 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 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
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 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 ...
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 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
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 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 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...
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