Renewable energies: positive new regulations especially for small producers
The Romanian law on energy originating from renewable sources (“REL”) was amended and completed on 23 July 2018 by means of a law (“the Law”) . The important innovations are described below.
Measures for motivating employees
Even though the Romanian regulations on fiscal benefits for employees are not very generous, there are some ways in which employers can grant benefits on top of the salary. Here are some practical options.
Important aspects of land acquisition in Romania
Romania is currently facing a rising tendency regarding foreign investments, especially in the retail, logistics and production sector. Obviously, all these investments require suitable property. Most investors choose to acquire land to establish or extend retail parks, factories, warehouse facilities, or offices.
Fiscal relief when supporting third parties
Both legal and natural persons are free to support certain humanitarian and social causes and enjoy fiscal relief. Please find hereinafter a sum-up of certain cases.
Romanian data protection legislation finally adapted to the GDPR – Part 2
As shown in Part 1 of our report, the Romanian act for the concretisation of the GDPR came into force on 31.July 2018, and therefore with a delay. In comparison to the provisions of other EU member states, the Romanian Law 190 was kept short.
Romanian data protection legislation finally adapted to the GDPR – Part 1
Two months after the General Data Protection Regulation (GDPR) came into force, the Romanian legislative body adopted an additional law (“Law 190”) . It came into force on 31. July 2018.
“On call”work may be considered working time
Many Employers who are permanently seeking for new flexible work schedules, have implemented the so called “on call” work. Since its appearance, there has been a constant debate regarding the remuneration of the “on call” work and correct qualification from a labour law perspective.
New rules in the field of internship
The Parliament has recently adopted a law on internship and has passed it to the president to be signed. It is due to come into force on August 18, 2018.
New regulation allows quarterly dividend distribution
Among the numerous legislative changes which have been approved by the Romanian Government in the past few months – most of which have generated, unfortunately, legal and fiscal uncertainty – there is one change that should have a positive influence on the general business environment, especially for small and medium-sized companies.
Exclusion from award procedures based on ascertainment documents
In the following article we will explain the important role played by the so-called ascertainment documents (rom. documente constatatoare) in the award procedures.