New EU funding programs for energy efficiency and e-mobility
Rising energy prices are putting pressure on industry, while at the same time the transition in Romania from petrol and diesel-powered vehicles to electric mobility is progressing slowly compared to Western Europe. For this reason, several EU-funded programs are currently being prepared within the Romanian Ministry of Transport, addressing these issues and allowing funding applications to be submitted in the coming months.
Foreign direct investment (FDI) – changes in connection with the audit in Romania in prospect
Certain foreign direct investments are subject to reporting and approval requirements in Romania. In 2026, the government put up for debate a draft emergency ordinance (EO) aimed at expanding, while also making more efficient, the screening of foreign direct investments in Romania.
Romanian insolvency law: Stricter liability regulations and other changes
The Romanian government has introduced extensive amendments and measures aimed at increasing the efficiency of the Romanian state budget as well as improving tax collection and expenditure control. In this context, Romanian Law No. 239/2025 was published on December 15, 2025, as reported in our last Newsflash. Article XXIX of the Law introduces more than 50 amendments to the existing Insolvency Act that are of considerable practical relevance. Which changes are particularly relevant?
NEWSFLASH - Important tax and corporate changes following new legal package in Romania
The newly promulgated Law no. 239/2025 brings new fiscal-budgetary measures which strengthen budget revenues and combat tax evasion, but also key changes in corporate and insolvency law. Key changes and effective dates below:
Taxation of capital gains in Romania
More and more individuals and legal entities are investing in stocks, bonds, ETFs, investment funds, or cryptocurrencies. Others generate income from interest, dividends, and the transfer of securities. The Romanian Tax Code summarizes these (and others) as income from investments. Below, we outline the principles governing their taxation.
Minimum wage directive partially unlawful – an ECJ ruling and its consequences
We have repeatedly reported on the Minimum Wage Directive (Directive (EU) 2022/2041 “on adequate minimum wages in the European Union”). Among other things, it sets out requirements for the adjustment of statutory minimum wages in the Member States. The Directive interfered with the long-established principle whereby wage setting was reserved to national legislators and social partners (trade unions and employers' associations) in the Member States. As previously reported, legal action was brought before the European Court of Justice (ECJ) challenging the Directive. On November 11, 2025, almost one year after the implementation deadline, the European Court of Justice has now ruled that the directive is partly unlawful.
Year-End Accounting Procedures: Ensuring Accuracy and Compliance
As the fiscal year draws to a close, every company is required to carefully review its financial records to ensure completeness, transparency, and compliance with relevant standards. Year-end closing procedures play a crucial role in presenting an accurate picture of a company's financial position and in preparing reliable information for business decisions and tax returns. This is done in several steps, each of which aims to validate the financial data and ensure the books are properly closed before the start of a new fiscal year.
Romania: Important changes to company law in the pipeline
With the highest budget deficit in the EU, Romania is implementing austerity measures across all areas. The Romanian government's second package of measures in this regard includes an extensive legislative proposal that brings significant legal and tax changes. Naturally, companies will also be affected. We had already announced at the beginning of October (Link), that, among other things, changes to the equity capital regulations are planned.
Year-end closing – necessary tasks
While the end of the calendar year is generally associated with relaxation and celebrations, the end of the fiscal year brings with it a multitude of activities for finance and accounting departments.
Who bears the costs of enforcement proceedings in Romania?
In practice, we encounter a wide range of situations when it comes to collecting debts through enforcement proceedings. Among other things, the question arises as to who bears the costs of enforcement and to what extent.