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

ȚUCA ZBÂRCEA & ASOCIAȚII acted for the newly created start-up – Comarket, a B2B marketplace for the Romanian hospitality industry

Comarket is a digital tool connecting professionals and suppliers in the HoReCa community. By increasing the efficiency and further development of the procurement market, the platform is helping players from the hospitality industry (restaurants, cafés and hotels) in the day-to-day… Read moreȚUCA ZBÂRCEA & ASOCIAȚII acted for the newly created start-up – Comarket, a B2B marketplace for the Romanian hospitality industry

Data breach notification under E-privacy Directive and General Data Protection Regulation

Abstract: Data breach notifications were firstly introduced in 2009 by means of amendments to the E-Privacy Directive, where such data breaches occurred in connection with the provision of publicly available electronic communications service. Further on, GDPR extended data breach notification… Read moreData breach notification under E-privacy Directive and General Data Protection Regulation

RLWeek October 5-11, 2020: Labour Code amended. Government Decision regarding classification, labeling, and packaging of substances and mixtures. Emergency Government Decision ensuring measures for human resources. Methodology for reporting information in the National Electronic Registry of Vaccines.

Labour Code amended. On Wednesday, the 30th of September 2020, Law no. 213/2020 amending and supplementing Law no. 53/2003 – Labour Code – was published in the Official Journal of Romania, part I, no. 893. [source] Government Decision regarding classification,… Read more<strong>RLWeek</strong> October 5-11, 2020: Labour Code amended. Government Decision regarding classification, labeling, and packaging of substances and mixtures. Emergency Government Decision ensuring measures for human resources. Methodology for reporting information in the National Electronic Registry of Vaccines.

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

Social Progress Index analyzing the quality of life and social wellbeing: Romania maintains its position on the 45th place in the global ranking

Romania ranks again 45th out of 163 countries and is surpassed by all the other EU member states, according to the 2020 Social Progress Index, which analyzes the quality of life and social wellbeing and is conducted by the non-profit… Read moreSocial Progress Index analyzing the quality of life and social wellbeing: Romania maintains its position on the 45<sup>th</sup> place in the global ranking

PNSA alongside BRD – Groupe Société Générale in its investment in CIT One

POPOVICI NIȚU STOICA & ASOCIAȚII advised BRD – Groupe Société Générale in the recently closed transaction by which BRD, BCR and Raiffeisen Bank Romania became equal shareholders in CIT One, one of the largest Romanian companies specialised in the transport,… Read morePNSA alongside BRD – Groupe Société Générale in its investment in CIT One