Romania extends insurance policies from Euroins Romania to avoid market consequences

On 31 August 2023, the Romanian government passed emergency Government Ordinance (GEO 2023), which extends by 90 days the validity of the insurance policies issued by Euroins Romania Asigurare-Reasigurare S.A., which is now in bankruptcy. Prior to the issuance of… Read moreRomania extends insurance policies from Euroins Romania to avoid market consequences

Romanian court rules pre-existing conditions of patients do not excuse provider liability for nosocomial infections

The High Court of Cassation and Justice of Romania ruled that healthcare establishments may not avoid liability for nosocomial infections that a patient acquires during hospitalisation, irrespective of the individual’s pre-existing health condition. The only chance for a healthcare provider… Read moreRomanian court rules pre-existing conditions of patients do not excuse provider liability for nosocomial infections

Romanian watchdog fines pharma companies for anti-competitive conduct

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

Romanian competition regulator now probing automotive and insurance sectors

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

Weather business in Romania. A forecast of opportunities and challenges

Fast and precise weather information is in big demand, especially among weather-sensitive industries such as transportation, agriculture, energy as well as utilities, travel, construction, sports and even the retail sector[1].  Increasingly, private companies use the latest in technological and analytics… Read moreWeather business in Romania. A forecast of opportunities and challenges

Romania expected to pass laws regulating remote work

With the COVID-19 pandemic making work-from-home the new “normal” within most companies, the Romanian government is expected to adopt two draft labour-sector ordinance and amend legislation, which will simplify the ability of companies to implement remote work or telework –… Read moreRomania expected to pass laws regulating remote work

Romania reinforces short-time work during pandemic

Romania has approved the Kurzarbeit Law (No. 58/2021), which reinforces the terms and conditions of the existing short-time work scheme (known as “Kurzarbeit” in Germany) to help companies cope with the economic challenges of the pandemic and to prevent massive… Read moreRomania reinforces short-time work during pandemic