Cautionary optimism for 2022 Emerging Europe M&A activity as volumes increase but deal values fall

Findings from the latest CMS Emerging Europe M&A, published today in cooperation with EMIS, show that M&A activity across Emerging Europe rose by 5.6% in volume to 1,229 deals compared to 2021. In contrast, the total deal value fell by 20% to EUR 32.93bn. Horea Popescu,… Read moreCautionary optimism for 2022 Emerging Europe M&A activity as volumes increase but deal values fall

Romania clarifies scope of exclusion of bidders for anti-competitive conduct in public procurement

The Romanian Competition Council (RCC) and the National Authority on Public Procurement (ANAP) issued a joint “opinion” on the scope and limitations of public procurement laws requiring exclusion of bidders from public procurement award procedures based on previous infringements of… Read moreRomania clarifies scope of exclusion of bidders for anti-competitive conduct in public procurement

Romanian regulation brings greater clarity to the AML legal framework in the financial sector

On 10 January 2023, Financial Supervisory Authority (FSA) Regulation no. 18/2022 amending and supplementing FSA Regulation no. 13/2019 on prevention and combating of money laundering (ML) and terrorism financing (TF) was published in the Official Gazette. The new Regulation will… Read moreRomanian regulation brings greater clarity to the AML legal framework in the financial sector

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