Elimination or reduction of the tariff duties on certain codes of the Combined Nomenclature

By signing the Agreement on Information Technology (“ATI”), the European Union granted tariff concessions for products used in the Information Technology industry. By the EU Decision no. 971/2016, ATI agreement has been extended to a wider range of products. In… Read moreElimination or reduction of the tariff duties on certain codes of the Combined Nomenclature

Significant amendments on the legal framework regarding the Romanian consumer financing market

The Romanian National Authority for Consumer Protection (“NACP”) recently published on its web site a legislative proposal to amend of the legal framework relating to credit agreements between Romanian based financial institutions and consumers (i.e. private individuals) (“Proposed Law”). The… Read moreSignificant amendments on the legal framework regarding the Romanian consumer financing market