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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Acte normative locale referitoare la interzicerea desfășurării activităților de jocuri de noroc în locații fizice

Stadiu: -
Initiatori:  Consilii Locale

03

Directive 2026/804 amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency - COM (2023) 228 final

Stadiu: published in OJ, L series 20 April 2026
Initiatori:  European Commission

04

Directive 2026/806 amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action - DGSD review, COM(2023) 227 final

Stadiu: published in OJ, L series, 20 April 2026
Initiatori:  European Commission

05

Regulation 2026/808 amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action - SRMR review, COM(2023) 226 final

Stadiu: Published in OJ, L series, 20 april 2026
Initiatori:  European Commission

06

Decizia CCR nr. 653 din 25 noiembrie 2025 referitoare la excepția de neconstituționalitate a dispozițiilor art. 22 alin. (2) din Legea nr. 85/2006 privind procedura insolvenței

Stadiu: publicat in Monitorul Oficial Partea I nr. 311, 20 aprilie 2026
Initiatori:  CCR

07

Lege 52/2026 pentru aprobarea OG 11/2025 pentru modificarea și completarea Legii nr. 207/2015 privind Codul de procedură fiscală, B312/2025, L217/2025, Pl-x 365/2025

Stadiu: Publicat in MO partea I nr 309, 17 aprilie 2026
Initiatori:  MF

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