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

07.01.2015

Romanian president Klaus Iohannis has promulgated the law on passing the ordinance which regulates the issuing of fiscal receipts for all goods and services, without the provisions regarding the tax more

11.20.2014

Around 600,000 economic operators will benefit from simplified bookkeeping regulations starting January 2015, under amendments to Romanian accounting laws, SMEs Minister Florin Jianu said Thursday at more

09.23.2014

Romanian President Traian Basescu signed Tuesday into law a bill that exempts pensioners and parents on parental leave who received higher state allowances from paying that extra money back. more

09.18.2014

Romanian President Traian Basescu announced Thursday he has signed into law a bill lowering by 5 percentage points the social security contributions paid by employers. more

05.21.2014

The rule of law and the fight against corruption represent national security issues that could contribute to the business sector development as well, U.S. vice-president Joe Biden stated Wednesday, more

04.18.2014

Law firm Dragne & Asociatii, whose activity is now 80% focused on litigation, plans to develop criminal law, intellectual property and public acquisitions practices this year, according to Ion Dragne, more

04.14.2014

Mihai Radulescu, a former lawyer with Schoenherr, has managed a rapid expansion of a new law firm, which was set up less than one year ago, and it already numbers 20 lawyers. more