RON conversion of a loan in Swiss francs
For details please read the article in Romanian at http://nartea.ro/convertire-in-lei-a-unui-credit-acordat-in-franci-elvetieni/
The new Criminal Code and its impact on the Competition Law
Competition Law – effects of the new Criminal Code and Criminal Procedure Code: The competition inspectors may no longer inspect the premises, land or vehicles legitimately held by the undertakings or associations of undertakings being investigated, or any site used for carrying on their business activities, in the absence of a prior judicial authorization issued […]
Sale and purchase of extra muros agricultural land in Romania
The law does apply only for extra muros agricultural lands in case of the following natural persons: Romanian citizens citizens of another member state of the European Union citizen of a member state of the EEA stateless persons resident in the European Union or the EEA legal persons having the nationality of a state member […]
The foreign citizens, EU members, can acquire in Romania any kind of land starting with 1 January 2014
A foreign person can buy a house or an apartment, along with the residential land, without any restraining. Therefore, residential lands are considered the lands beneath the houses, respectively apartments, used as inhabits by people. Law Nr. 312/2005 mentions the fact that the citizens of a member state but non residents in Romania, stateless non […]
Public procurement. New directives
New legislative package was adopted on 11.02.2014 regarding the modernization of public procurement in the European Union. This package is made of: a directive on public procurement (replacing Directive 2004/18/EC) a directive on procurement by entities operating in the water, energy, transport and postal services sectors (replacing Directive 2004/17/CE) a directive on the award of […]
Approval of the minimis aid scheme
With the Order no. 2499, published in 20.02.2014 in Monitorul Oficial al Romaniei, Part 1, no. 46, it is approved the minimis aid scheme, as loads bearing, partially subsidized interest, as part of the initiative JEREMIE (Joint European Resources for Micro and Medium Enterprises) in Romania. This scheme presumes the assessment of a maximum budget […]
Minimum wage starting 01.01.2014
According with H.G. no. 871/2013 minimum wage with 01.01.2014 is: Unskilled workers – 850 ron (before 800 ron) Qualified workers – 1105 ron (before 1040 ron) Superior studies – 1700 ron (before 1600 ron)
Use and completion of the payment order
Starting 1 January 2014, Law No 148 / 2012, regarding electronic records of commercial operations, according to the rules for the use and completion of the payment order, published in Monitorul Oficial al Romaniei, Part I, No 509 / 24 July 2012, comes into full force and effect.
Carbon footprint certification in Romania
For the first time the Romanian companies can buy certificates for the carbon footprint. There’s a particular company in Romania which provide certificates on carbon footprint on voluntary market. The companies or the natural persons, who ’s carbon footprints have been calculated, can choose to offset the emissions by acquiring the right certificates according to […]
New regulations Law no. 202/2013 regarding misleading advertising and comparative advertising
New regulations Law no. 202/2013, amending and complementing Law no. 158/2008 on misleading advertising and comparative advertising was published in the Official Journal of Romania no. 399 of 03.07.2013. The new regulations are mainly aimed at protecting consumers (as they are defined under Government Ordinance no. 21/1992 regarding consumers’ protection) in circumstances where the legal […]