Simplified requirements for incorporation of Romanian companies

On 2 July 2020, Romania published Law no. 102/2020 (“Law”), which removes certain barriers hindering the incorporation of Romanian companies. Aimed at improving the rating of Romania’s business in international directories, the Law eases incorporation requirements for Romanian limited liability… Read moreSimplified requirements for incorporation of Romanian companies

Romania continues the implementation of tax measures to support businesses

On 25 June, Romania put into place Government Emergency Ordinance no. 99/2020 (GEO 99/2020) approving additional tax measures and deadlines extensions to support the business environment during the recovery period after the lifting of the lockdown. Extension of existing deadlines… Read moreRomania continues the implementation of tax measures to support businesses

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

Romania’s Cluj-Napoca to develop largest AI research centre in Eastern Europe

According to several recent media reports, the Technical University of Cluj-Napoca (UTCN) is in line to receive a grant of RON 80 million (EUR 16.7 million) in European funding to establish the Institute for Research in Artificial Intelligence (ICIA) and… Read moreRomania’s Cluj-Napoca to develop largest AI research centre in Eastern Europe

Regulatory challenges for land-based gambling and sports betting operators as they resume business

On 11 June 2020, as part of new measures to ease restrictions put in place in response to the COVID-19 pandemic, Romanian Prime Minister Ludovic Orban announced that land-based gambling activities in the country such as lottery and sports betting… Read moreRegulatory challenges for land-based gambling and sports betting operators as they resume business

Romanian Government introduces new measures to support business

State budget reimbursements for employers Under the new Government Emergency Ordinance 92/2020 (“GEO 92/2020”), employers benefiting from the technical unemployment aid and employers whose employee’s labour agreements have been suspended (but did not benefit from technical unemployment aid during the… Read moreRomanian Government introduces new measures to support business