Implementation of the Romanian e-invoicing system

Starting with 7th of October 2021, as a result of the Emergency Government Ordinance no. 120/2021, a new electronic invoicing system managed and supervised by the Ministry of Finance has been implemented in Romania.


Energy efficiency and power generation at the place of consumption – Keys to competitiveness

Saving money and time and protecting the environment – these are the key factors that end users need to take into account when assessing new energy products and services.


Shorter time frames and less bureaucratic obstacles in award procedures

On 27.08.2021, the Government Ordinance No. 3/ 2021 ("Ordinance") for amending and supplementing certain legal regulations in public procurement law was published in the Romanian Official Gazette. The Ordinance changes, respectively supplements the primary procurement law.


Employment: Update for the fall

In October, Romania introduced certain practice-oriented changes of the employment legislation. The most important legal sources were the Emergency Ordinance (“EO”) No. 110,111, and 117/2021. We summarize below the important new regulations  


Real estate investments in Romania by EU citizens and legal persons

The acquisition of land by EU citizens and EU legal persons was regulated anew by Law no. 312/ 2005 (the “Law”) when Romania joined the European Union on 01.01.2007.


Real estate investments in Romania by EU citizens and legal persons

The acquisition of land by EU citizens and EU legal persons was regulated anew by Law no. 312/ 2005 (the “Law”) when Romania joined the European Union on 01.01.2007. The Law regulated certain intermediate time frames of 5 years (for building land) and respectively 7 years (for farmland, forests and forest land), starting with the date Romania joined the European Union; during these periods, the acquisition of land by persons from the EU area was only permitted under certain restrictive conditions


NEWSFLASH Unilateral gas price increases might be contested as ANRE sanctions suppliers

Following several complaints of final customers who received notifications from gas suppliers regarding the intention to unilaterally increase the price of natural gas, ANRE initiated control actions to verify the way in which the legal obligations regarding contract and pricing transparency were observed.


Government Simplifies Approval Procedures for Fire Safety

On the 30th of June 2021, the Government has simplified the legal framework regarding the procedure for fire safety approval by means of the Emergency Ordinance No. 80 (“EO 80”). We shall briefly discuss below what the most important changes consist in.


Protection against the insolvency of the construction company

Just like anywhere, the nightmare of any investor in the construction area in Romania is the insolvency of the construction company. The illiquidity of the construction company during the execution of construction works or during the warranty period draws serious effects for investors: the blockage of the construction works leads to the impossibility of completing the project in due time, financial loss threatens, the remedy of identified defects on the account of the construction company becomes difficult or even impossible, and so on.


Important Tax Changes this Fall: Pt 2 – Fiscal Procedure Code

In addition to the recently described amendments of the Fiscal Code, interesting amendments of the Fiscal Procedure Code have been published. The most important regulations, included in the Emergency Regulation (“EO“) 11/2021, are synthesized below.