German-Romanian Business Conference in Berlin with STALFORT Legal. Tax. Audit. speaker at 28-29 September

German-Romanian Business Conference in Berlin with STALFORT Legal. Tax. Audit. speaker at 28-29 September STALFORT Legal. Tax. Audit. is pleased to announce our active participation in a premium German- Romanian Business Conference on 28 and 29.September in Berlin. Romania’s potential in the region is a well-known fact, which is currently boosted by the new geopolitical context. This business conference for the promotion of Romania as solid investment location aims to address the opportunities and cooperation areas that Romania has to offer, to strengthen economic and political partnerships and to increase German activities in Romania and the Republic of Moldova. During the first conference day, Romania will be looked at through the lens of its industrial capacity, including the innovation and digitization sector. Investors searching for new opportunities are attracted by the accelerated nearshoring trend, by the constantly improving infrastructure – transportation as well as digital -, backed up by the NATO and EU memberships. In this context, Christian Weident will lead a panel discussion on nearshoring and R&D in Romania. The second day will bring to the fore Romania’s competitiveness in terms of sustainable energy, energy production and food supply. Considering that both Romania and Moldova are major players in the agricultural sector, with high potential in the “Farm to Fork” segment, and that both hold an expanding portfolio of new energy projects, these areas allow for new cooperation and possibilities. This event offers a great platform for dialogue between the business environment and high-ranking Government representatives, while strengthening bilateral relations and creating new partnership opportunities. Around 300 guests from Germany, Romania and Moldova are expected, representing the business community as well as central and local public authorities. We would be delighted to meet you at the conference in Berlin. Please use this link to register. More details about the German-Romanian Business Conference are available here.


Newsflash - New Template For All Employment Contracts In Force

Newsflash - New Template For All Employment Contracts In Force On December 09th 2022, a new template of the employment contract was published in Romania. The legal basis for this new template of the employment contract is represented by Order 2171/ 2022, which, among other things, implements the current changes in Romanian labor law. Please find more details here.


NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June

NEWSFLASH - Salary increase and new tax incentives for the food and agricultural industry as of 1 June The Romanian Law 135/2022, which came into force on 20. May 2022, brings a salary increase and tax incentives for the agricultural and food sector as of 01. June 2022. Please find more details here.


Enforcement on the basis of (promissory) notes vs. the general enforcement procedure

Although almost 100 years old, the Romanian Law No. 58/1934 on bills of exchange and promissory notes (Rom. Legea asupra cambiei și biletului la ordin) continues to be an attractive option for creditors in a hurry. In Romanian court practice, one finds it difficult to interpret the outdated wording in conjunction with subsequent laws – especially the meanwhile existing 5 consecutive versions of the Civil Procedure Code ("CPC").


Arbitration and Insolvency Friends or Foes

Business matters are very dynamic and require a high level of flexibility. For this very reason, arbitration procedures have been developed to provide a quick way for business people to settle disputes.


When and how are data breaches to be reported?

In mid-December, the European Data Protection Board (EDSA) adopted the Guidelines 01/ 2021 on examples of data breach notification (the "Guidelines").


Romania wants to become more attractive for "digital nomads“

On 14.01.2022, Law No. 22/2022 (hereinafter "the Law"), which introduces the concept of "digital nomad" in the Romanian legislation regarding foreigners, was published. This new category of foreigners is granted, under certain conditions, the right to temporary residence on the territory of Romania for the purpose of remote work for companies not established in Romania.


Conduct rules for combating money laundering

Unternehmen, die in Rumänien zu Umsatzsteuerzwecken registriert sind, können am Ende des Berichtszeitraums gemäß der bei der Steuerverwaltung ANAF eingereichten Umsatzsteuererklärung eine Erstattung ihres negativen USt-Saldos verlangen.


The importance of the Internal Controls in Preventing abuse within Organizations

Almost all organizations use internal control systems, i.e. packages of measures implemented in order to meet its business objectives. These measures aim at protecting assets, establishing clear responsibilities and accountability within organization, reporting timely and correctly on its results.


NEWSFLASH - Wind of change in Romanian energy law

NEWSFLASH - Wind of change in Romanian energy law After several months of public debate and numerous amendments and revisions, Emergency Ordinance no. 143/2021 ("GEO 143") entered into force on the last day of the previous year. It brings significant positive changes to the Romanian energy legislation, including the end of a ten-year-old block on electricity transactions outside centralized markets Please find more details here.