Romania introduces new tax measures in response to COVID-19

On May 14, Romania put into place Government Emergency Ordinance no. 69/2020 (GEO 69/2020) and Government Emergency Ordinance no. 70/2020 (GEO 70/2020) implementing additional fiscal measures and deadline extensions to support the nation’s business environment. In addition, the following day… Read moreRomania introduces new tax measures in response to COVID-19

Potential criminal liability for employers who illegally claimed technical unemployment support

The Romanian authorities recently announced controls and severe sanctions for employers which may have illegally claimed (and obtained) technical unemployment support offered by the government in the context of the COVID-19 pandemic. As we previously reported, the Romanian Government has… Read morePotential criminal liability for employers who illegally claimed technical unemployment support

Romania adopts measures to allow shareholders and management meetings during COVID-19

On 7 May 2020, the Romanian Government adopted Emergency Ordinance No. 62/2020 (“EO 62/2020”) which regulates certain measures on calling and holding general shareholders’ meetings (“GMS”) and management and supervisory board meetings during the COVID-19 pandemic. EO 62/2020 applies to… Read moreRomania adopts measures to allow shareholders and management meetings during COVID-19

Romanian Government issues financial and fiscal measures favourable to the gambling industry

The coronavirus (COVID-19) pandemic has brought important challenges for the Romanian gambling industry, with significant impact on the land-based operations in general, and on the sports betting segment in particular. On 16 March 2020, the Romanian President formally declared a… Read moreRomanian Government issues financial and fiscal measures favourable to the gambling industry

Romanian competition watchdog follows the EU in allowing cooperation in the pharma sector

The Romanian Competition Council (RCC) issued a public statement confirming that it is willing to accept a certain amount of cooperation between companies in order to overcome or reduce the negative impact of the current crisis. (Further details are available… Read moreRomanian competition watchdog follows the EU in allowing cooperation in the pharma sector

Romania creates expedited procedure for approving donations of COVID-19 related medicines

On 13 April 2020, the Romanian Ministry of Health issued Order No 615/2020 amending Order No 1032/2011 regarding the approval of the “Norms regarding the donations of medicines, medical equipment, medical devices, vaccine, serums and corresponding supplies”, which creates an… Read moreRomania creates expedited procedure for approving donations of COVID-19 related medicines

Acquisitions of COVID-19-related medical supplies to be reimbursed from EU funds

On 7 April 2020, Romania enacted Government Emergency Ordinance No. 43 (GEO 43) for the approval of support measures following the spread of COVID-19 during the state of emergency, which the government is expected to extend until 16 May. Among… Read moreAcquisitions of COVID-19-related medical supplies to be reimbursed from EU funds