On 28 July 2016, the “Law on the Safety of Offshore Oil Operations” (the “Offshore Law”) was published in the Official Gazette. The Law establishes the minimum requirements necessary to prevent major offshore related accidents and limit their consequences. The… Read moreCMS: Enactment of offshore regulations in Romania
On 28 June 2016, the Romanian Parliament adopted the “Law Amending and Supplementing the Romanian Energy and Natural Gas Law” (the “Law”). The Law modifies the legislative framework for electricity trading on the Romanian energy market. Despite the sustained efforts… Read moreCMS: Romanian Energy law amendments affect electricity trading
Under Order 1155/ 868/2016, the reduced 9% VAT rate applies for the following categories of goods: – Fertilizers; – Pesticides; – Seeds and other agricultural products for seeding or planting. The Order specifically includes the NC codes for each of… Read moreStarting 1 August 2016, the reduced 9% VAT rate is applicable for specific goods /services used in the agricultural industry
