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Amendments to the banking legislation
Order no. 26/2011 issued by the National Bank of Romania regarding certain provisions for the application of the banking prudential requirements was published in the…
News and publications
Amendments to the public procurement law
Government Emergency Ordinance no. 34/2006 (“GEO 34/2006”) regarding the award of public procurement contracts, public works concession contracts and services concession contracts was amended by…
Town planning law was amended
Art. 29 of Law no. 350/2001 regarding the town development and town planning was amended by Law no. 221/2011 published in the Official Gazette no.…
New criteria for VAT purposes registration
Order no. 2795/2011 of the Minister of Public Finance, regulating the criteria for VAT purpose registration, was published in the Official Gazette no. 824 of…
New VAT regulations as of 1st January 2012
Government Decision No. 1135 of 9 November 2011 for the amendment of the Government Decision No. 759/2007 on the rules of eligibility of the incurred…
Can you get fired because of Facebook?
The number of employees dismissed because of inappropriate messages posted on Facebook is growing in the U.S. and Western Europe. Will we see similar cases…
Environment protection rules amended in line with EU law
Law no. 211/2011 regarding waste management was published in the Official Gazette no. 836 of November 25, 2011 [in Romanian, Lege nr. 211 din 15…
Applications of insolvency on a strong upward trend
2011 saw an increase in applications for insolvency filed by creditors, compared with 2010. Applications by debtors also increased. “If before the economic crisis debtors…
New provisions on the credit institutions liquidity requirements
Regulation no. 25/2011 issued by the National Bank of Romania, regarding the credit institutions liquidity requirements [in Romanian, Regulamentul nr. 25 din 8 noiembrie 2011…
New law for incriminating of the usury activities
The usury activities are prohibited in Romania under the Law no. 216 of 16 November 2011, published in the Official Gazette no. 827 of November…