1. General context Since the beginning of the COVID-19 pandemic, the Romanian authorities enacted several tax measures in order to prevent the business environment from collapsing. By way of example, some of the already implemented measures are the following: (i)… Read moreSequel of supporting measures adopted for the business environment
Octavian POPESCU, Partner POPESCU & ASOCIAȚII, received Romania Lawyer of the Year Award from prestigious international legal directory, Benchmark Litigation, at Benchmark Litigation Europe Awards, 2020 edition. This is the highest recognition that a Romanian lawyer can receive especially coming… Read moreOctavian Popescu – recognized as Romania Lawyer of the Year at Benchmark Litigation Europe Awards 2020
The establishment, organization and reorganization of ministries. UPDATE: approval of the Government Emergency Ordinance. It is published in the Official Gazette no. 493 of June 10, 2020, Law no. 77/2020 for the approval of the Government Emergency Ordinance no. 68/2019… Read more<strong>RLWeek</strong> June 8-14, 2020: The internal regulations of the prosecutor’s offices were supplemented with rules for carrying out the activity in exceptional situations. The procedure for connecting electronic fiscal cash registers. The legislative activity in the field of international judicial cooperation
In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment…. Read moreBusiness stimulus measures taken by Romania in the context of the COVID-19 crisis
The market capitalisation of the 100 largest listed companies in the world declined by 15%, representing USD 3,9 trillion în Q1 2020, because of the COVID-19 pandemic, after an increase of 20% in March – December 2019, according to PwC’s… Read morePwC Global Top 100 companies: COVID-19 pandemic has reduced by USD 3,9 trillion the market capitalisation of the 100 largest listed companies in the world
Deloitte Romania strengthens its management team by promoting Raluca Baldea and Bogdan Barbu to Tax Partners and Simina Mut to Partner with Reff & Associates, the law firm representing Deloitte Legal global network in Romania. Alexandru Reff, Country Managing Partner, Deloitte… Read moreDeloitte Romania strengthens management team by appointing three new partners
Minimum wages in European Union (EU) Member States ranged from EUR 312 to EUR 2,142 in January 2020, according to Eurostat data. In Romania, the minimum wage is 2,230 lei, i.e. approximately 460 EUR, which places us well below the… Read moreA decent minimum wage – a new policy of the European Union
– World’s first fully automated facility for conclusion of arbitration agreements enables access to arbitral jurisdiction via robust, transparent, predictable and easy to use tool – The innovation will support businesses during and after the COVID-19 crisis to enter arbitration… Read moreUiPath Automates Facility for Conclusion of Arbitration Agreements to Support Business Continuity Amid Crisis for Companies, Arbitration Courts
Modification of the GEO on the establishment of fiscal facilities. In the Official Gazette no. 459 of May 29, 2020, the Emergency Ordinance no. 90/2020 for the amendment of the Government Ordinance no. 6/2019 on the establishment of fiscal facilities,… Read more<strong>RLWeek</strong> June 1-7, 2020: New support measures for employees and employers in the context of COVID-19. Modification of the GEO on the establishment of fiscal facilities. Students will benefit from free transportation
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
