Romania allocates EUR 1.6 bn to green energy under the EU Recovery and Resilience Plan

On May 31, Romania sent the European Commission the National Recovery and Resilience Plan (NRRP) for approval, a proposal that includes all seven EU policy flagship areas and sets out the reforms and public investment projects that Romania intends to implement with the support… Read moreRomania allocates EUR 1.6 bn to green energy under the EU Recovery and Resilience Plan

Romania introduces new balancing rules for the electricity market

On 1 September 2020, Romania enacted ANRE Order 61/2020 (Order 61), which approves three regulations – the Regulation on the scheduling of dispatchable production units, dispatchable consumers and dispatchable storage facilities; the Regulation on the operation and settlement of the… Read moreRomania introduces new balancing rules for the electricity market

Romania introduces restrictions on sale and purchase of agricultural land

On 14 August, Romanian lawmakers passed an amendment to Law 17/2014 on the sale and purchase of agricultural land, imposing significant restrictions on the sale and purchase of extra muros agricultural land for foreign nationals. A key amendment to the legislation is… Read moreRomania introduces restrictions on sale and purchase of agricultural land

Romania takes first steps towards energy market liberalisation

Early this January, the government has decided to void some measures adopted almost a year ago regarding the energy market (please see our Law-Now article on this topic). Government Emergency Ordinance 1/2020 (GEO) provides for amendments applicable to previous fiscal-budgetary measures targeting… Read moreRomania takes first steps towards energy market liberalisation

Romanian oil and gas – new licensing round for upstream onshore and offshore

After a lapse of almost ten years, the Romanian government just launched a public tender for the exploration, development and production operations of 22 onshore and six offshore blocks within Romania’s territorial waters of the Black Sea. The blocks vary… Read moreRomanian oil and gas – new licensing round for upstream onshore and offshore