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

First contract concluded on the Romanian Commodities Exchange Gas Forward CCP platform

On 1 August 2019, the Romanian Commodity Exchange (“RCE”) announced the conclusion of the first transaction on its new trading platform – “Gas Forward CCP”. Gas Forward CCP is available formedium-term contracts (contracts with a week or month duration). The… Read moreFirst contract concluded on the Romanian Commodities Exchange Gas Forward CCP platform

Romania: bid round for mining exploration: geothermal, mineral water and other resources

On 19 August 2019, the National Agency for Mineral Resources (“NAMR”) published Order no. 294/6.08.2019 in the Romanian Official Gazette. The order approves the list concession areas forexploration activities and opens bidding round 99/2019 in the mining sector. The list… Read moreRomania: bid round for mining exploration: geothermal, mineral water and other resources

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