Prosecution office to investigate environmental crimes – ‘unconstitutional’ on procedural grounds

On 30 September 2020, the Constitutional Court of Romania (CCR) approved the plea of constitutional non-compliance by the Romanian government for the Draft Law no. 121/2020 on the organisation and operation of the Directorate for Investigating Environmental Crimes (DIIM) and… Read moreProsecution office to investigate environmental crimes – ‘unconstitutional’ on procedural grounds

Wider scope in Romania for extended confiscation of goods in force begins today

On the 2 November 2020, the President of Romania promulgated Law No. 228/2020, which expands the scope of the extended confiscation of goods regulated by the Romanian criminal codes. Law 228 transposes into the national legislation certain provisions of the… Read moreWider scope in Romania for extended confiscation of goods in force begins today

Romanian government introduces new measures in response to COVID-19

On 26 October 2020, Romania put into place Government Emergency Ordinance no. 181/2020 (“GEO 181/2020”) approving additional tax measures and deadlines extensions to support business during the recovery period. Specifically, the new measures include the following: Extension of the deadline… Read moreRomanian government introduces new measures in response to COVID-19

COVID-19: Romanian authorities implemented the state aid scheme for financing large enterprises

Following the European Commission approval decision (more information here), the state aid scheme valued at RON 4 billion (EUR 800 million) for the financing of large enterprises and small and medium-sized enterprises (SMEs) with a 2019 turnover of more than RON… Read moreCOVID-19: Romanian authorities implemented the state aid scheme for financing large enterprises

Romanian government clarifies two-year restrictions on selling participations in Romanian companies

On 16 August, Law no. 173 entered into force, prohibiting any sale of participations held by the Romanian state in national companies, banks, or other companies in which the state is a shareholder, irrespective of the ownership percentage, for the… Read moreRomanian government clarifies two-year restrictions on selling participations in Romanian companies

COVID-19: State aid scheme for financing large enterprises is to become operational in Romania

The European Commission has approved a Romania state aid scheme valued at RON 4 billion (EUR 800 million) for the financing of large enterprises and small and medium-sized enterprises (SMEs) with a 2019 turnover of more than RON 20 million… Read moreCOVID-19: State aid scheme for financing large enterprises is to become operational in Romania