1. Overview 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… Read moreState aid for investment – manufacturing industry
I. Introduction Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency (“ANAF”) will be developed by the Romanian Customs Authority, founded by way of Law no. 268 of November 10, 2021,… Read moreRomanian Customs Authority
1. Introduction The beginning of 2021 seems to be under the auspices of numerous amendments incurred to the Law no. 227/2015 regarding the fiscal code (the “Fiscal Code”). After the issuance of Law no. 296/2020 for the amendment and completion… Read moreAdditional amendments to the Romanian Fiscal Code
1. General context Since the beginning of the COVID-19 pandemic, the Romanian authorities enacted several tax measures in order to prevent the business environment from collapsing. By way of example, some of the already implemented measures are the following: (i)… Read moreSequel of supporting measures adopted for the business environment
1. Introduction The evolution of the national and international epidemiological situation determined by the COVID-19 outbreak, along with the establishment of the state of emergency within the territory of Romania on March 16, 2020 and the subsequent extension for another… Read moreOverview of the tax measures imposed by Government Emergency Ordinance no. 48/2020
1. General context In the context of constant evolution of regulations in the aviation field at European level, Romania enacted Law no. 21/2020 regarding the New Airline Code on March 19, 2020 (“New Airline Code”). The New Airline Code is… Read moreOverviews of the new Airline Code
1. Introduction Competition authorities at both European and national level develop and update policies regarding the enforcement of competition legislation. Such a policy for the prevention of infringements of competition law rules was recently updated by the Romanian Competition Council… Read moreRomanian Competition Council’s new guidelines on the assessment of fines
