Author: Cristina Popescu

On 14 March 2023, the Regulation on the procedure for the registration, investigation and resolution of complaints concerning unfair trading practices between undertakings in the agricultural and food supply chain finally entered into force in Romania. The Regulation implements the… Read moreRomania’s regulation on the procedure for resolving complaints over unfair trading practices in the agri-food supply chain enters into force

The Romanian Competition Council (RCC) and the National Authority on Public Procurement (ANAP) issued a joint “opinion” on the scope and limitations of public procurement laws requiring exclusion of bidders from public procurement award procedures based on previous infringements of… Read moreRomania clarifies scope of exclusion of bidders for anti-competitive conduct in public procurement

On 10 January 2023, Financial Supervisory Authority (FSA) Regulation no. 18/2022 amending and supplementing FSA Regulation no. 13/2019 on prevention and combating of money laundering (ML) and terrorism financing (TF) was published in the Official Gazette. The new Regulation will… Read moreRomanian regulation brings greater clarity to the AML legal framework in the financial sector

As of 14 January 2023, requests can be made with the Romanian State Office for Inventions and Trade Marks (OSIM) to cancel trade marks by using an administrative-jurisdictional procedure. According to Romania’s recently updated Trade Marks Law (Law no. 84/1998… Read moreRomanian trade marks can be cancelled by the OSIM

On 22 December 2022, Law No. 361/2022 on the protection of whistleblowers in the public interest entered into force in Romania. This act transposes Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on… Read moreRomania enacts new whistleblowing law

The Romanian National Office for Gambling (NOG) has clarified the interpretation of Art. 7 para. (4) of Emergency Government Ordinance no. 77/2009, which expressly prohibits publicity/advertising, outside of gaming locations, pertaining to any money or goods granted as bonuses, promotions… Read moreRomanian gambling regulator clarifies advertising rules

The Romanian Competition Council (RCC) finalised two major investigations in the insurance and a related sector and issued fines totalling EUR 29m. The fines were announced on 27 and 28 December, respectively. After the first investigation, the RCC sanctioned three… Read moreCompetition probes in Romanian insurance sector lead to fines of EUR 29m

On 20 December, the European Insurance and Occupational Pensions Authority (EIOPA) released the annual report on sanctions imposed by national competent authorities under the Insurance Distribution Directive (IDD) in 2021. According to the Report, in 2021 national competent authorities (NCAs)… Read moreEIOPA releases annual report on sanctions under IDD in 2021

Romania has finally adopted local legislation to transpose the Directive (EU) 2019/1152 on transparent and predictable working conditions in the EU, which will come into force on 22 October. While this new legislation (Law 283/2022) mirrors to a great extent… Read moreRomania transposes EU Directive on transparent and predictable working conditions into law

On 27 September 2022, the Romanian Competition Council (RCC) launched a sector investigation into the Romanian retail pharma market in an attempt to identify obstacles or impediments limiting consumer access to drug products. The investigation will focus on the supply… Read moreRomanian competition council launches investigation of pharma market