Analysis
Press Review - August 7, 2013
Romanian Government Pledges To Sign CFR Marfa Sale Contract By September Romania’s Government pledged in negotiations with the International Monetary Fund for a new loan program it will sign...
Press Review - August 6, 2013
Basescu: CFR Marfa Privatization Is Government’s Responsibility Romania’s President Traian Basescu said the privatization of state-owned freight railway carrier CFR Marfa is the Government’s...
Isarescu: CFR Marfa Privatization, An Attempt To Escape Vicious Circle
Romanian central bank governor Mugur Isarescu said Monday the privatization of state companies that have monopoly or quasi-monopoly, such as railway freight carrier CFR Marfa, is a way out o...
Press Review - August 5, 2013
Government Issued 80 Emergency Decrees In 2013 Romania’s Government led by Prime Minister Victor Ponta issued 80 emergency ordinances and four simple decrees during the parliament’s recess i...
Environmental protection
General provisions Environmental legislation was first introduced in 1991. Since then, it has been developed to comply with the standards imposed by the European Union. Some of the Romanian...
Competition in Romania - Main legal issues
Relevant legislation Since Romania’s accession to the European Union, competition has been governed by both domestic and EU legislation. The relevant domestic legislation on merger control (...
Accounting
Changes in Romanian accounting rules over the last few years have moved Romanian accounting closer to International Financial Reporting Standards (IFRS), although there are still some signif...
Protection of intellectual and industrial property rights
Romania is a signatory to international conventions on intellectual and industrial property rights. The EU Accession Treaty lays down specific provisions that reaffirm Romania's commitment t...
The legal system
Broadly, the Romanian legal system stems from the Roman branch of law, but it is also partly influenced by the Anglo-Saxon branch. Romanian legislation has mostly been brought into line with...