Romania: Contracts and Commercial Law

Romania has introduced major fiscal reforms for 2025 and 2026, impacting dividend taxation, VAT rates, excise duties, payroll compliance, and interest income reporting.

On 26 June 2024, the Romanian Competition Council (the "RCC") announced that it had conducted a dawn raid as part of an investigation concerning the possible abuse of a superior bargaining position by a company active in the supply of liquid medicinal oxygen against a public hospital.

In March the European Commission approved a EUR 3bln (RON 15.22bln) Romanian scheme to support installations producing electricity from onshore wind and solar photovoltaic.

La 5 aprilie 2013 a intrat in vigoare Legea nr. 72/2013, privind masurile pentru combaterea intarzierii in executarea obligatiilor de plata a unor sume de bani rezultand din contracte incheiate intre profesionisti si intre acestia si autoritati contractante ("Legea"), ce a fost publicata in Monitorul Oficial, Partea I nr. 182 din 2 aprilie 2013.

The absence of a contract regulating the duration and termination of a distribution relationship does not necessarily entitle a party to abruptly terminate the agreement without facing financial exposure to the other party.