Lexington relocates its headquarters to Globalworth Romania

Mirus Group becomes the tenant of Globalworth, the leading office investor in Central and Eastern Europe and the office market leader in Romania. The leased area amounts to 700 square meters and is brokered by Cushman & Wakefield Echinox…

ROMANIAN LEGISLATIVE CHALLENGES IN THE LIGHT OF THE CORONAVIRUS OUTBREAK

 - Short notes on the constitutional rights implications - As an European country facing the pandemic caused by the SARs-CoV-2 virus, Romania has had to adapt the legislative framework to the current social needs at a fast pace. Among the…

Unconstitutional legislative amendments in the consumer protection field

Recently, the new additions and amendments brought to Government Ordinance No. 13/2011 on legal remunerative and default interest for monetary indebtedness, as well as for the regulation of some financial and fiscal measures in the banking field,…

Changes brought to day workers law

Law no. 52/2011 on the performance of occasional activities by day workers (“Law 52/2011”) was further amended by Government Emergency Ordinance no. 26/2019 (“GEO 26/2019”) on amending and supplementing certain legislative acts, based…

New restrictions regarding the use of day workers in 2019

In a recent amendment to Law no. 52/2011 on the performance of occasional activities by day workers (“Law 52/2011”), the Romanian Government severely restricted the use of day workers and imposed additional obligations on both the day workers…

Increase in the National Minimum Gross Wage for 2019.

Government Decision no. 937/2018 on establishing the national minimum gross basic wage guaranteed for payment (“GD 937/2018”), published in the Official Gazette of Romania, Part I no. 1045, on 10.12.2018, provides for an increase in the…

Quarterly distribution of dividends

According to Law no. 163/2018 on amending and supplementing Accounting Law no. 82/1991, Companies Law no. 31/1990, as well as on amending Law no. 1/2005 on the organization and functioning of cooperative companies (“Law 163/2018”), published…

Information obtained from the Romanian Trade Registry

The professionals registered with the Trade Registry and any other interested individuals may obtain information on all the records entered in the trade registry with regard to a company, having the following available options: A. Options…

New rules on Personal Data Protection

As a Member State of the European Union, Romania will have to implement, starting from May 25th, 2018, European Regulation no. 679/2016 on the protection of natural persons with regard to the processing of personal data and on the free movement…

Income tax exemption for new categories of IT employees

Starting from February 1st, 2018, new rules shall apply with regard to the income tax exemption applicable to individuals that obtain salaries and similar income from software development activities. These rules are set under joint Order no.…