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
Romania is in the process of banning certain non-EU and non-EEA countries from participating in public procurement procedures in Romania. After a Memorandum outlining this ban was first approved by the Romanian government, on 20 March 2021 the national regulatory… Read moreRomania to restrict third country-bidders and products for public contracts
In an attempt to prevent misuse of public funds, the Romanian government has issued new rules to increase transparency in public procurement by public hospitals. According to the new regulations, the hospital’s management board must endorse the hospital’s yearly procurement… Read moreRomania toughens rules for public procurement by state hospitals
Romania’s national authority for public procurement (ANAP) recently published new Guidelines, which unify EU and national rules and practices on making changes to public procurement and sectoral contracts. The aim of the ANAP Guidelines is to create a predictable framework… Read moreRomania publishes guidelines on changes to public procurement and sectoral contracts
In an effort to curb the recent spread of COVID-19, the Romanian government issued new rules and restrictions, which include an obligation to wear masks in all public spaces, a curfew from 11 p.m. to 5 a.m., and an interdiction… Read moreRomania extends state of alert and issues new rules for the organisation of work
According to the Romanian Competition Council (RCC), the changes in the draft legislation have been designed to address various new forms of unfair competition, which are not covered by the current wording of the unfair competition law. The Draft seeks… Read moreRomanian Competition Council seeks to tighten unfair competition rules
