Romanian Competition Council identifies barriers to market entry of renewable electricity producers

The Romanian Competition Council (RCC) recently released a joint study (the “Study”) by the RCC and the Romanian National Regulatory Authority in the Energy Sector (ANRE) showing that market entry for producers of electricity from renewable energy sources (RES) is… Read moreRomanian Competition Council identifies barriers to market entry of renewable electricity producers

Romania imposes temporary windfall tax for the oil, gas, coal industries and the refining sector

On 28 December 2022, the Romanian Government passed Government Ordinance no.186/2022 (GEO), which introduces taxation of excessive profits generated by companies and permanent establishments operating in the oil, natural gas, coal, and refining sectors. This GEO was mandated by EU… Read moreRomania imposes temporary windfall tax for the oil, gas, coal industries and the refining sector