Amendments to Mining Law

Mining Law no. 85 of 18 March 2003 has recently been amended by Law 275/2020. The recent amendments cover several areas, such as: payment of royalties due for certain types of mining activities, transfer of mining licenses that are pending approval for entry into force, legal regime of mining cavities, approval formalities and entry into …

New state aid scheme in the renewable energy sector

A new state aid scheme supporting investments in the production and distribution of heat from renewable energy sources (such as biogas, biomass and geothermal) (“State Aid Scheme“) has entered into force in December 2020. The State Aid Scheme is rooted in the European Green Deal Investment Plan and the Commission’s Guidelines on State aid for …

Romania: Update of the Credit Institutions Licensing Requirements

At the end of December 2020, the National Bank of Romania (“NBR“) consolidated and updated the regulations dealing with the licensing of credited institutions by issuing Regulation no. 12/2020 on authorisation of credit institutions and changes in the status thereof (“Banking License Regulation“). The Banking License Regulation takes over, inter alias, the provisions of the …