Credit institutions prospecting the entry on the Romanian market will need to conduct a complex assessment in order to determine whether they meet the criteria subject to the National Bank of Romania’s evaluation. Our team members freshly released an article concerning the new regulations for the authorization of credit institutions and the preliminary requirements thereto.
Video games are a form of modern art and certainly number among the most recent forms of creative arts. The major difference between video games and traditional art is the active, rather than passive, participation of the recipient of the art in the process of its delivery. With over 100 active development studios, the gaming […]
Given that the landscape of threats has significantly expanded, it comes as no surprise that the European Commission has proposed a revised version of the Directive concerning measures for a high common level of security of network and information systems across the Union. The Proposal has been published by the Commission on December 16, 2020 […]
As it is the case with many sectors given the pandemic context which made the need for digitalization obvious, competent authorities were led to adopt several measures in this regard. In this context, the Romanian Government adopted Government Emergency Ordinance no. 140/2020 for the establishment of measures regarding the use of electronic documents in the […]
After three years of debate in the Parliament, a new law for amending and supplementing the existing Mining Law has entered into force on December 17, 2020. It aims to overcome certain legal and economic issues, trying to give Romania’s mineral resources their deserved value. Our team prepared an article on the matter.
Our tax experts address a series of beneficial fiscal changes to the Romanian business environment, applicable starting with January 1, 2021