The Romanian government passed a Government Emergency Ordinance (GEO), which amends the framework for screening foreign direct investments in Romania and ensures the application of Regulation (EU) 2019/452 of the European Parliament and of the Council. This GEO radically transforms… Read moreRomania amends foreign direct investment control regime
Following the European Commission approval decision (more information here), the state aid scheme valued at RON 4 billion (EUR 800 million) for the financing of large enterprises and small and medium-sized enterprises (SMEs) with a 2019 turnover of more than RON… Read moreCOVID-19: Romanian authorities implemented the state aid scheme for financing large enterprises
On 16 August, Law no. 173 entered into force, prohibiting any sale of participations held by the Romanian state in national companies, banks, or other companies in which the state is a shareholder, irrespective of the ownership percentage, for the… Read moreRomanian government clarifies two-year restrictions on selling participations in Romanian companies
The European Commission has approved a Romania state aid scheme valued at RON 4 billion (EUR 800 million) for the financing of large enterprises and small and medium-sized enterprises (SMEs) with a 2019 turnover of more than RON 20 million… Read moreCOVID-19: State aid scheme for financing large enterprises is to become operational in Romania
In line with the EU approach of adopting stricter measures of scrutiny for vetting foreign transactions that could potentially raise national security and public order risks, Romania has put forward a draft Foreign Direct Investment (FDI) Ordinance that is scheduled… Read moreRomania amends foreign direct investment control regime
The Romanian parliament approved a law that stops any sale of shares owned by the Romanian state for the next two years. Given the current volatile economic outlook and in an effort to provide safety measures to keep the national… Read moreRomania government prohibited from selling shares in Romanian companies for two years
The Romanian Competition Council (RCC) issued a public statement confirming that it is willing to accept a certain amount of cooperation between companies in order to overcome or reduce the negative impact of the current crisis. (Further details are available… Read moreRomanian competition watchdog follows the EU in allowing cooperation in the pharma sector
In a further attempt to mitigate the effects of the COVID-19 outbreak, Romanian Competition Council (RCC) issued a press release providing further guidance on business practices for companies during the COVID-19 pandemic (see here for our reporting on the first guidance)…. Read moreRomanian competition watchdog issues new guidance on cooperation during the crisis
