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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.

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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…

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Regulatory Radar

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Proiectul HG pentru stabilirea Listei sectoarelor ce cuprind activităţi care se desfăşoară în funcţie de succesiunea anotimpurilor

Stadiu: MAI a publicat tabelul cu recomandarile primite in consultarea publica si lista actualizata a sectoarelor, 7 august 2026
Initiatori:  MAI

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Proiect Lege pentru aprobarea contului general anual de execuţie a bugetului asigurărilor sociale de stat pe anul 2025 şi a contului general anual de execuţie a bugetului asigurărilor pentru şomaj pe anul 2025

Stadiu: publicat in consultare publica, 6 august 2026
Initiatori:  Ministerul Finantelor

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Proiect HG privind aprobarea Manualului aferent Proiectului de intervenție în situații de urgență, elaborat în cadrul Opțiunii de Răspuns Rapid, instrument al BIRD

Stadiu: adoptat in Sedinta de Guvern, 6 august 2026
Initiatori:  Ministerul Finantelor

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Proiect HG pentru completarea HG nr.1204/2022 privind constituirea, organizarea și funcționarea Băncii de Investiții și Dezvoltare - S.A.

Stadiu: adoptat in Sedinta de Guvern, 6 august 2026
Initiatori:  MF

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Why PA Digest

Stay ahead of what's already coming.

1

Your next regulatory challenge is already in draft form.

2

Decisions made without legislative intelligence are just expensive guesses.

3

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