Romanian insolvency law: Stricter liability regulations and other changes

The Romanian government has introduced extensive amendments…


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Taxation of capital gains in Romania

More and more individuals and legal entities are investing…


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Minimum wage directive partially unlawful – an ECJ ruling and its consequences

We have repeatedly reported on the Minimum Wage Directive…


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Year-End Accounting Procedures: Ensuring Accuracy and Compliance

As the fiscal year draws to a close, every company is…


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Romania: Important changes to company law in the pipeline

With the highest budget deficit in the EU, Romania is…


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Year-end closing – necessary tasks

While the end of the calendar year is generally associated…


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Who bears the costs of enforcement proceedings in Romania?

In practice, we encounter a wide range of situations when…


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The Accounting Manual: Purpose and Significance for Companies

To comply with financial, accounting, and tax laws, Romania…


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Labour law: Current EU law with practical relevance

Labour law has traditionally been largely exempt from…


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Business practices in Romania: CAEN codes and authorizations

At the beginning of the year, legislative changes relating…


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Equity or Net Asset Value – an Important Financial Indicator

The term net asset value or equity often comes up in…


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Improved permitting certainty for Romanian real estate

Romania's real estate and construction industry has long…


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