International law firm CMS has advised OTP Group on the binding agreement to sell its stake in OTP Bank Romania S.A. to the local market leader, Banca Transilvania (“BT”), including all its subsidiaries. The combined purchase price is EUR 347.5… Read moreCMS advises OTP Group on the sale of OTP Bank Romania to Banca Transilvania
Findings from the CMS Emerging Europe M&A 2023/24 report, published today in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. The latest report reveals a… Read moreCMS Emerging Europe M&A 2023/24 report: Emerging Europe continues to show resilience amid challenges
On 23 December 2023, new legislation entered into force in Romania on the conduct of representative actions for the protection of the collective interests of consumers, which transposes the EU Directive 2020/1828. The newly regulated concept of representative actions will… Read moreRomania transposes EU law on representative actions
The Ministry of Energy has initiated public consultations for two guidelines pertaining to the Modernisation Fund (MF) until 18 February. The consolidated guidelines are expected to be published in late February, with the intention of launching the two calls for… Read moreNew Romanian energy investment opportunities supported by Mondernisation Fund
The Romanian Council of Ministers for Economic and Financial Affairs (ECOFIN) has assessed the amendment of Romania’s National Recovery and Resilience Plan (NRRP) and the Council of the European Union will issue a new implementation decision shortly. The NRRP amendment… Read moreA new chapter for the Romanian NRRP: RES acceleration zones and One Stop Shop offices
International law firm CMS has advised Raiffeisen Bank S.A. and Raiffeisen Bank International AG on the financing of Ratesti Solar Plant S.R.L, the largest new solar project developed in Romania to date. With a capacity of 155MW, the project, owned… Read moreCMS advises Raiffeisen Bank S.A. and Raiffeisen Bank International AG on a EUR 60 million financing for Ratesti Solar Plant
On December 21, the Romanian Government approved the draft Law on offshore wind operations in the Black Sea („the Offshore law”). Once approved, the Offshore law will go through the Parliamentary debate next February, according to the Ministry of Energy… Read moreNew OFFSHORE WIND law in Romania
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of EUR 6 billion, on its entry into the Romanian market with its… Read moreCMS advises M Core on EUR 219 million acquisition of 25 retail parks in Romania
On 21 November, Romania’s Official Gazette published the Order of the President of the Romanian National Agency for Mineral Resources (NAMR) for approving the list of perimeters for the concession of exploration activities through public tender – Round No. 101/2023… Read moreRomania offers mineral resources licences via new public tender
In October 2023, the Romanian government enacted Ordinance 91/2023 (GEO 91/2023), which increases royalties from the oil & gas sector in order to ensure sustainability of public finances and efficient management of budget revenues. For the crude oil sector, royalties… Read moreRomania increases royalties in oil & gas sector
