Evidence in proceedings before Romanian courts

If differences of opinion arise, the parties usually try to avoid court proceedings. All too often, however, it is not possible to reach an agreement, meaning that legal action is the only way to assert rights. For this, it is of course necessary to prove the prerequisites of the claims; according to the principle “idem es non esse et not probari”, meaning what is not proven is considered non-existent. Below we discuss the most important aspects in connection with evidence in Romanian court proceedings.


Adaptation of NACE codes to describe commercial activities required

In addition to tax changes, the start of the year also brought with it a mandatory need for formal adaptations to the commercial register, which basically affects all companies. A change to the “Statistical Classification of Economic Activities” in the EU, abbreviated to NACE (in Romania “CAEN”), which will come into force on 01.01.2025, was announced in Spring 2024. On 30.12.2024, the applicable implementing standards were published by order of the Ministry of Justice.


NEWSFLASH - New classification of activities – “CAEN Rev. 3” requires actions by companies

On December 30, 2024, the Ministry of Justice introduced updates to the classification of economic activities, effective from January 1, 2025, in alignment with changes at the EU level. Consequently, all Romanian companies are required to update or adjust their object of activity to comply with the new CAEN Rev. 3 codes.


ESG - a new challenge for smaller companies

The year 2025 brings a new, disruptive obligation for Romanian companies: The preparation of sustainability reports, also known as ESG reports (for “Environment, Social, Governance”). By the end of 2026, all Romanian companies with more than 50 employees whose turnover exceeds RON 50 million and/or whose assets exceed RON 25 million (at least two of the three criteria mentioned must be met) must prepare sustainability reports. These reports must describe the impact of the company's activities in 2025 on the environment, society and corporate governance. The European Commission has developed uniform standards as part of the CSRD Directive (CSRD stands for “Corporate Sustainability Reporting Directive”) to provide guidance on how these sustainability reports must be structured.


NEWSFLASH - New fiscal measures for 2025

The Year 2025 comes with a series of fiscal changes impacting taxpayers in Romania. Below is an overview of the most relevant aspects:    


NEWSFLASH - Minimum Wage Increase as of 1 January 2025

The Government Decision no.1506/2024 brings an increase of the minimum wage as of 1 January 2025. Key changes include: