Changes to obtaining certain licenses in the Romanian natural gas sector

The Romanian National Regulatory Authority for Energy (“NRAE“) has just approved Order no. 2/2019 amending the NRAE Regulation for granting setting-up authorisations and licenses in the natural gas sector (“Amended Licenses Regulation“), which brings several important changes to the conditions and documentation necessary for obtaining licenses and authorisations in the gas sector – as summarized …

New tax facilities to encourage construction sector

On 29 December 2018, the controversial Emergency Government Ordinance no. 114/2018 entered into force providing, inter alia, several tax facilities (which would apply starting with 2019) to encourage the strengthening and development of the construction sector in Romania, as summarized below: employees working for employers which carry out activities in the construction sector are exempt …

Controversial act on the Romanian energy market adopted – return to regulated prices and new taxes in the electricity and gas sectors

On 29 December 2018 the controversial Emergency Government Ordinance no. 114/2018 entered into force providing, inter alia, the return to regulated prices and new taxes in the electricity and gas sectors in Romania as summarized below. The draft of the EGO 114/2018 was announced by the Government just before Christmas 2018, as a total surprise …