PADigest Romania

In the Spotlight

Stay calm? Romania’s political scenarios range from terrible to catastrophic

There is little good ahead for Romania and its economy following the collapse of the pro-Western ruling coalition, sealed by the dismissal of the cabinet of Liberal Prime Minister Ilie Bolojan in a confidence vote. Bolojan’s National Liberal Party (PNL)…

Negative-sum politics: the fall of the Bolojan Cabinet - no winners, only costs

The Social Democratic Party (PSD) succeeded on Tuesday in bringing down the cabinet of Liberal Prime Minister Ilie Bolojan through a confidence vote, backed by far-right lawmakers in the opposition. The 281 vote against the government does not automatically signal…

Chicken Game: Confidence Vote Plan Signals No Backtracking in Romania’s Political Crisis

The Social Democratic Party (PSD) has moved forward in its bid to remove Liberal Prime Minister Ilie Bolojan, agreeing to initiate a vote of no confidence together with the Alliance for the Unity of Romanians (AUR), a sovereigntist, far-right opposition…

INSIGHTS

BY GRAYLING

Grayling CEE Outlook 2026

As every year, we have prepared Grayling’s CEE Outlook report, outlining the key political, economic and regulatory developments businesses should be aware of in the year ahead. In this edition, our Public Affairs teams highlight the policy, regulatory and geopolitical shifts most likely to shape the operating environment in 2026 in Central and Eastern Europe. The region continues to adjust to a shifting geopolitical and economic landscape. Governments across CEE are balancing fiscal consolidation with rising defence spending, while navigating ongoing uncertainty shaped by Russia’s continued war against Ukraine, a more transactional United States, and visible strains within the European Union. Together, these factors point to a period of gradual strategic recalibration. If you would like a more in-depth discussion tailored to specific industries or markets, please do not hesitate to contact us. We also encourage you to share the CEE Outlook with colleagues who may find it useful for their strategic planning.

26 Feb • PDF

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LEGAL BRIEFS

BY TUCA ZBARCEA & ASOCIATII

Competition Law - Amendments to the investment screening regime in Romania

Government Emergency Ordinance No. 17 of 12 March 2026 (“GEO No. 17/2026”) was published in the Official Gazette No. 199 on 13 March 2026. It amends and supplements several legislative acts, including: (i) Government Emergency Ordinance No. 46/2022 on measures to implement Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union, and amending and supplementing Competition Law No. 21/1996 (“GEO No. 46/2022”); and (ii) Competition Law No. 21/1996 (the “Competition Law”). Relevant highlights: • The examination fee is reduced from EUR 10,000 to EUR 5,000; • Increased materiality threshold triggering the notification obligation under GEO No. 46/2022; • Single notification procedure for multiple transactions between the same parties within one year; • Aggregation of interdependent transactions carried out over the course of a year which, individually, fall below the threshold of EUR 5,000,000 and notification of such transactions once the materiality threshold is exceeded; • Conditional exemptions from the notification obligation for certain internal restructurings or reorganisations; • Amendment of GEO…

17 Mar • PDF

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