12.07.2017

The European Commission on Thursday decided to send a letter of formal notice to Romania due to shortcomings in the application of the European Union rules establishing a single European railway area. more

10.31.2017

Romanian lawmakers on Tuesday adopted a package of amendments to the pension law which stipulates that income from independent activities, such as copyright and artistic creations, can add up to the more

08.24.2017

The most powerful 25 law firms in Romania employ more than 1,100 lawyers, that is about 10% of all the Bucharest Bar Association members, according to ZF estimates. more

04.11.2017

The impact of the unitary pay law over the budget deficit is double versus that presented by the government, reaching RON50-60 billion; thus, the budget deficit could reach 5.7% of GDP in 2018, more

02.28.2017

Bogdan Chiritoiu, head of the Romanian Competition Council, said Tuesday that the law on the sale of 51% Romanian products in hypermarkets should not be abandoned although the European Commission more

02.07.2017

Constitutional Court ruled Tuesday that the law stipulating the conversion of Swiss franc loans into Romanian lei at historical rates is unconstitutional, as it violates the principle of bicameralism, more

12.14.2016

Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday. more

11.01.2016

The debt discharge law has triggered immediate effects both on the banking and real estate market and the related industries; nevertheless, imbalances did not last long and the situation is stable at more

10.25.2016

The Constitutional Court ruled Tuesday that the debt discharge law, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, is partially more

10.25.2016

The Romanian Government will challenge the law regarding the conversion of Swiss franc loans into Romanian lei at the Constitutional Court, according to government sources. more

10.18.2016

The Romanian Chamber of Deputies has adopted the bill on tackling food waste, so that retailers will have to donate food products nearing the expiry date, otherwise they will get fines of up to more

07.19.2016

The law according to which Romanian hypermarkets will have to sell at least 51% Romanian products can curb imports, an aspect banned by the Treaty on the Functioning of the European Union (TFEU), more

07.11.2016

Romanian President Klaus Iohannis has promulgated the law according to which Romanian hypermarkets will have to sell at least 51% Romanian products, the Presidential Administration said in a statement more

07.04.2016

Only a month after the enforcement of the debt discharge law, apartment prices in capital city Bucharest and across Romania saw declines of 0.7% to 4% on the residential segment, according to a study more

05.16.2016

Traders with annual sales of minimum EUR10,000 will be forced to have POSs and accept card payment as of May 20, when the cash back law comes into force. more

05.13.2016

The law on debt discharge came into force on Friday, 15 days after it was signed into law by Romanian President Klaus Iohannis and published in the Official Gazette. more

04.28.2016

Romanian President Klaus Iohannis on Thursday said it signed into law a debt discharge bill allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off more

04.22.2016

Romanian President Klaus Iohannis on Friday signed the decree for promulgating the law on ratifying the Multilateral Competent Authority Agreement for automatic exchange of financial account more

03.23.2016

Romania must become a magnet for skilled foreigners who want to work on non-management positions for local companies, says Varujan Pambuccian, a member of the IT&C committee of the Chamber of more

03.10.2016

The disappearance of the government-backed mortgage lending First Home program after the implementation of the law on debt discharge does not represent “a defining element” in Romania, according more

02.29.2016

The Romanian Senate unanimously approved on Monday the law on debt discharge, with 119 pros and no con, but the Chamber of Deputies has the final say on the matter. more

02.12.2016

British lawyer Nicholas Hammond has set up law firm Hammond, Minciu si Asociatii (HM&A), in capital Bucharest, along with two Romanian partners, Alina Minciu and Daniel Cojocaru. more

02.11.2016

Romanian second largest lender BRD-Groupe Societe Generale (BRD.RO) agrees with the law on giving in payment that would only target future contracts, without applying retroactively, and only for more

12.18.2015

Romanian President Klaus Iohannis on Friday signed off the state budget and social insurance bills into laws, according to the presidential administration. more

12.11.2015

Banks should find solutions together with their clients who face loan payment issues, not only on a declarative level, as their rigidity triggered a legislative intervention through the draft law on more