The Romanian Prime Minister recently announced a new state aid scheme for stimulating investments of over EUR 1 million with a significant impact on the national economy. The total state aid scheme is reported to have a budget of EUR… Read moreRomanian government announces new state aid schemes
In a landmark decision, the Romanian Competition Council (RCC) has sanctioned five pharmaceutical companies, including suppliers of immunoglobulins and other medicinal products derived from human plasma, and an association representing the industry with fines totalling approximately EUR 71 million. In… Read moreRomanian watchdog fines pharma companies for anti-competitive conduct
The Romanian Competition Council (RCC) launched its first ever investigation on potentially anti-competitive conduct by automotive companies on the labour market. The Romanian competition watchdog is acting on information received through its competition whistleblowing portal. The RCC is now investigating… Read moreRomanian Competition Council launches labour market investigation
The Romanian Competition Council (RCC) recently announced a new investigation into possible price-fixing arrangements between auto repair shops and insurers underwriting mandatory civil third party liability insurance (MTPL) for motor vehicles. According to the RCC (see Inspectii-Auto-Italia-nov-2021.pdf (competition.ro)) the investigation is… Read moreRomanian competition regulator now probing automotive and insurance sectors
The Romanian Senate is now considering a Draft Law, which – if passed – would cap insurance premiums at which insurers can underwrite mandatory motor-vehicle third party liability insurance (MTPL) at a ‘reference tariff’ to be set (according to various… Read moreRomania passes draft law to cap MTPL insurance premiums
On 17 September 2021, the Romanian Financial Supervisory Authority (FSA) rejected the short-term financing and redress plan of City Insurance SA, leading to the withdrawal of the insurer’s authorisation. The FSA further found that City Insurance is insolvent and filed… Read moreRomanian authority withdraws authorisation for City Insurance SA
During the Esports Summit held in Bucharest on July 20, a Romanian government official announced that a draft of the law on Esports (electronic sports) is ready to be introduced to parliament for examination during the Fall 2021 parliamentary session…. Read moreRomanian parliament to receive Esports law as early as September 2021
Throughout July 2021, Romania initiated important developments in the employment field, mainly concerning the content of certain documents relevant for the sector, such as the standard model of the individual employment contract and the declaration and notification templates required in… Read moreRomania issues employment law updates
Bid rigging remains a concern for the Romanian Competition Council (RCC), which recently launched an investigation into possible anti-competitive agreements among companies that participated as bidders in the procurement procedure for the project Hub Services (Electronic Service Delivery Centre) at the… Read moreRomanian Competition Council continues scrutiny of bid rigging
On 30 March 2021, the Romanian President promulgated Law no. 56/2021 on food supplements, which regulates the conditions for the advertising and placing of food supplements on the market. The Law also contains sanctions for breach of these regulations. The… Read moreRomania regulates new conditions for food supplements
