Pharma advertising in Romania
The pharmaceutical sector is highly regulated. Given the important consequences that consumption of medicines may have on human health, Romania has implemented specific rules regarding advertising such products. While there are many ways in which the public is informed about the characteristics of medicines, not all of them constitute advertising. For example, under Romanian law […]
Finally, Romania is getting there! The contracts for difference, another step in the decarbonation process
The Ministry of Energy recently published for public consultation the draft Government Decision for the implementation and operation of the Contracts for Difference (CfD) support mechanism for low carbon technologies. Through this enactment, the Romanian Government establishes the general legal framework governing the implementation and operation of the support mechanism through contracts for difference meant […]
The Back-and-Forth Impacting Renewables
In the pursuit of promoting renewable energy sources and achieving goals like decarbonization, as well as more ambitious ones such as energy independence, the European Union constantly both encourages and imposes achieving these objectives on the member states. As the whole world was recently shaken by pandemics and war, we are now facing an energy […]
Romania: Financing Cinematography
Romania benefits from being one of the EU countries with lower cinematographic production costs, and that is why it is on the radar of many international studios. The cumulative annual turnover of the film industry in Romania is approximately EUR 53 million, derived mainly from foreign productions in Romania. A complete article, detailing means of […]
Romania introducing the single industrial license
Our laborious team members have just released the attached article, concerning the single industrial license, which aims to simplify the process of obtaining various administrative acts (licenses, authorisations, approvals, endorsements, permits, etc.) required to carry out a plethora of industrial activities, including, for example, activities in the extractive, food, textile and energy industries. The complete […]
EU level updates regarding energy regulation
There is a new legislative project to be adopted at European Union level, namely the Proposal for a Council Regulation on an emergency intervention to address high energy prices. The Proposal comes in the context of the energy crisis caused by the conflict between Russia and Ukraine and aims to tackle the rising energy prices […]
State aid for investment – manufacturing industry
Romania has recently launched a State aid scheme for the purpose of encouraging investments in the manufacturing industry, with view, on the one hand, to overcome current extensive labour shortages and the diminished trade flows to and from Ukraine caused by the armed conflict therein, and, on the other hand, to facilitate access to new […]
Updates on Trade Registry and Companies’ Law
On July 26th, 2022, Law no. 265/2022 regarding the Trade Registry and for amending and supplementing certain legal enactments impacting the registration in the Trade Registry has been published in the Official Gazette of Romania (“Law 265/2022”). The new legislation will enter into force on November 26th, 2022. In the sections below, we will present […]
New legislation on representative offices
On August 4th, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette. GO 18/2022 represents the first change of Romanian legislation on representative offices adopted since 1990, thus bringing much […]
Implementation of the sale of goods directive in EU member states
1. Background In follow-up to our recent article1 on the novelties brought by the Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC, and repealing Directive 1999/44/EC (the “Directive”) and its transposition […]