Differences between the German and Romanian GAAP

The business environment in Romania is represented by a…


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New obligations for companies after implementation of EU regulations to prevent money laundering

The directive concerning money laundering should have been…


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Extending the commitment period for offers in public procurement law – duty or option?

Context In public procurement procedures, bidders are often…


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New mandatory salary increases for certain areas of activity

The Romanian Government’s surprise Emergency Ordinance…


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Legal surprises at the turn of the year – follow-up

Last week, we reported about the fiscal changes, some of…


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Tax surprises at the turn of the year

In Romania, it has become common to take tax-payers by…


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Real Estate Law: Important news on condominiums

On 28 September 2018 a new law (the law) came into force,…


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Additional places of business, in practice

A company’s business can require the execution of permanent…


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Minimum wage raised by law. Besides, certain employers might have to raise salaries voluntarily

It is almost a tradition that every year, the Romanian…


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Offshore-Law – new opportunities in sight?

On 17 November 2018, the controversial so-called offshore…


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Taxes and Finance: the usual changes at the end of the year

As usual at the end of the year, the Romanian Financial…


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