As of 18 May 2018, Romania has a new legal framework on public-private partnership (“PPP“) enacted through the Government Emergency Ordinance no. 39/2018 (“New PPP GEO“). The New PPP GEO replaces the former Law no. 233/2016 on PPP (“Former PPP Law“) after less than 2 years of its enactment…
On 11 January 2018, a Decision approving the short form agreement and the general and specific conditions (the “New Standard
Following (mainly) a rise of the inflation (which exceeded expectations by reaching 3.32% in December 2017), but also in view of the accelerated economic growth driven by strong household consumption (amongst others), on 8 January 2018, the Board of the National Bank of Romania (NBR) decided…
A draft law regarding the establishment of the Sovereign Fund for Development and Investments (the “Sovereign Fund”) has been registered with the Romanian Senate on 16 November 2017. The Sovereign Fund will be a state-owned fund, set up to make profit by developing…
Romania’s current fiscal regime for exploitation of mineral and hydro-mineral resources was established in 2003 by the Mining Law no. 85/2003 (Mining Law) and subsequently updated several times (in 2007, 2009, 2013, 2014 and 2015)…
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