The Romanian Competition Council (RCC) finalised two major investigations in the insurance and a related sector and issued fines totalling EUR 29m. The fines were announced on 27 and 28 December, respectively. After the first investigation, the RCC sanctioned three… Read moreCompetition probes in Romanian insurance sector lead to fines of EUR 29m
On 20 December, the European Insurance and Occupational Pensions Authority (EIOPA) released the annual report on sanctions imposed by national competent authorities under the Insurance Distribution Directive (IDD) in 2021. According to the Report, in 2021 national competent authorities (NCAs)… Read moreEIOPA releases annual report on sanctions under IDD in 2021
Romania has finally adopted local legislation to transpose the Directive (EU) 2019/1152 on transparent and predictable working conditions in the EU, which will come into force on 22 October. While this new legislation (Law 283/2022) mirrors to a great extent… Read moreRomania transposes EU Directive on transparent and predictable working conditions into law
On 27 September 2022, the Romanian Competition Council (RCC) launched a sector investigation into the Romanian retail pharma market in an attempt to identify obstacles or impediments limiting consumer access to drug products. The investigation will focus on the supply… Read moreRomanian competition council launches investigation of pharma market
On 19 September 2022, the Romanian communications regulator (ANCOM) launched an auction for the granting of licences for the use of radio frequencies in the 700 MHz, 1500 MHz, 2600 MHz and 2400-3800 MHz bandwidths. Interested telecom operators can submit… Read moreRomania launches 5G tender
Romania transposed the Omnibus Directive (Directive (EU) 2019/2161) into Romanian national law through Emergency Government Ordinance no. 58/2022, which entered into force on 28 May 2022 (EGO 58). EGO 58 brings changes in three main legislative domains: abusive clauses in… Read moreRomania transposes Omnibus Directive into national law
To ward off a probable post-pandemic financial crisis fueled by the conflict in Ukraine (which could lead to rapidly increasing prices and hyperinflation), the Romanian Government adopted Emergency Government Ordinance no. 84/2022 (EGO 84) on 20 June 2022. EGO 84… Read moreRomania adopts anti-speculative law to avert financial crisis
The Romanian Prime Minister recently announced a new state aid scheme for stimulating investments of over EUR 1 million with a significant impact on the national economy. The total state aid scheme is reported to have a budget of EUR… Read moreRomanian government announces new state aid schemes
In a landmark decision, the Romanian Competition Council (RCC) has sanctioned five pharmaceutical companies, including suppliers of immunoglobulins and other medicinal products derived from human plasma, and an association representing the industry with fines totalling approximately EUR 71 million. In… Read moreRomanian watchdog fines pharma companies for anti-competitive conduct
The Romanian Competition Council (RCC) launched its first ever investigation on potentially anti-competitive conduct by automotive companies on the labour market. The Romanian competition watchdog is acting on information received through its competition whistleblowing portal. The RCC is now investigating… Read moreRomanian Competition Council launches labour market investigation
