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

Romania to restrict third country-bidders and products for public contracts

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

Romania sells BITCOIN and ETHEREUM in public auction for the first time

In late 2020, the Romanian National Agency for the Management of Seized Assets (ANABI) conducted two public auctions of seized BITCOIN (BTC) and ETHEREUM (ETH). The sale of the seized BTC and ETH was ordered by the Prosecutor’s Office attached… Read moreRomania sells BITCOIN and ETHEREUM in public auction for the first time

Romania publishes guidelines on changes to public procurement and sectoral contracts

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

Romanian businesses increasingly turn to internal investigations

Since the early 1990s, Romania’s expanding business sector has made it one of Central Eastern Europe’s most dynamic economies, which has attracted a broad array of foreign investment. This rapid growth and the compliance requirements of foreign investors have compelled… Read moreRomanian businesses increasingly turn to internal investigations