
Great news for investments in electricity production capacities!
PPA ban lifted The Romanian Government has lifted the ban on directly negotiated PPAs (power purchase agreements) for new electricity production capacities commissioned after 1
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PPA ban lifted The Romanian Government has lifted the ban on directly negotiated PPAs (power purchase agreements) for new electricity production capacities commissioned after 1
Following the entry into force of Law no. 243/2019 regarding alternative investment funds (AIFs, respectively the AIF Law) in January, the Romanian Financial Supervisory Authority
√ First Romanian piece of legislation to extensively regulate AIFs √ Introduction of several types of funds: (A) Qualified investors AIFs, including (i)
√ Facilitate the authorisation process √ Accelerate the issuance of authorisations √ Modernise and simplify the authorisation procedures Law No. 193/2019 for
√ Fines for unlawful overtime to be applied for each employee and not overall at the level of the employer The Romanian Chamber of
✓ Taxpayers who do not qualify for rescheduling of taxes under existing legislation may apply for this procedure within 6 months from publication ✓
√ Individual employment agreements cannot provide for penalty clauses for the breach of the employees’ obligations √ Penalty clauses are sanctioned with nullity
√ Administrative liability is transferred to public servants √ Concessions of public property is subject to new rules √ A comprehensive set
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