A recent draft legislative proposal initiated by the Romanian government is generating serious concerns due to the significant changes recommended by the proposal. The prospective changes are intended to address Romania’s increasing budgetary deficit (currently at 2.33% of GDP, but… Read moreRomania expects significant changes to its gambling legislation
In a surprise move on 16 May 2023, the Romanian Consumer Protection Authority fined 11 local banks, claiming that the manner in which the banks set out the repayment calendar for medium- and long-term loans in customer contracts is a… Read moreRomanian Consumer Protection Authority fines 11 banks for incorrect practices
On 25 April 2023, Romania’s Chamber of Deputies adopted a draft law for supplementing Law no. 46/2003 on patients’ rights, giving each patient the right to personalised medicine, based on a medical recommendation. This Draft Law defines personalised medicine as… Read moreRomania introduces patients’ right to personalised medicine
The Romanian Competition Council has launched three investigations regarding potential price-fixing arrangements in the markets of the production of sunflower oil, butter and sugar. As part of its investigation, the Competition Council conducted dawn raids at the headquarters and other… Read moreRomanian Competition Council investigates potential collusion in sunflower oil, butter and sugar market
On 14 March 2023, the Regulation on the procedure for the registration, investigation and resolution of complaints concerning unfair trading practices between undertakings in the agricultural and food supply chain finally entered into force in Romania. The Regulation implements the… Read moreRomania’s regulation on the procedure for resolving complaints over unfair trading practices in the agri-food supply chain enters into force
The Romanian Competition Council (RCC) and the National Authority on Public Procurement (ANAP) issued a joint “opinion” on the scope and limitations of public procurement laws requiring exclusion of bidders from public procurement award procedures based on previous infringements of… Read moreRomania clarifies scope of exclusion of bidders for anti-competitive conduct in public procurement
On 10 January 2023, Financial Supervisory Authority (FSA) Regulation no. 18/2022 amending and supplementing FSA Regulation no. 13/2019 on prevention and combating of money laundering (ML) and terrorism financing (TF) was published in the Official Gazette. The new Regulation will… Read moreRomanian regulation brings greater clarity to the AML legal framework in the financial sector
As of 14 January 2023, requests can be made with the Romanian State Office for Inventions and Trade Marks (OSIM) to cancel trade marks by using an administrative-jurisdictional procedure. According to Romania’s recently updated Trade Marks Law (Law no. 84/1998… Read moreRomanian trade marks can be cancelled by the OSIM
On 22 December 2022, Law No. 361/2022 on the protection of whistleblowers in the public interest entered into force in Romania. This act transposes Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on… Read moreRomania enacts new whistleblowing law
The Romanian National Office for Gambling (NOG) has clarified the interpretation of Art. 7 para. (4) of Emergency Government Ordinance no. 77/2009, which expressly prohibits publicity/advertising, outside of gaming locations, pertaining to any money or goods granted as bonuses, promotions… Read moreRomanian gambling regulator clarifies advertising rules
