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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

01

Noutati economie digitala - Daily Digest 13.07.2026

Stadiu: -  
Initiatori:  ANAF, ANPC, INS, European Council, European Commission

02

Noutati sanatate - Daily Digest - 13.07.2026

Stadiu: -
Initiatori:  MS, CNAS, Official Journal

03

Noutati privind sanctiunile adoptate de Uniunea Europeana - 13.7.2026

Stadiu: -
Initiatori:  European Council, EU's Official Journal

04

Communication - Guidelines on the application of Article 13(5) of Directive (EU) 2022/2557 on the resilience of critical entities  C(2026) 3712 final

Stadiu: published in OJ c series, 13 July 2026
Initiatori:  European Commission

05

[Envi Crime Directive 2024/1203] Proiectul de lege pentru modificarea şi completarea unor acte normative în domeniul protecției mediului

Stadiu: inregistrat in avizare interministeriala la SGG, 13 iulie 2026 (termen avize 16 iulie 2026; termen aviz Ministerul Finantelor, 23 iulie; termen aviz Ministerul Justitiei 30 iulie 2026)
Initiatori:  MMAP

06

Proiect de Lege pentru aprobarea OUG 4/2020 privind stabilirea unor masuri la nivelul administratiei publice centrale si pentru modificarea unor acte normative - L91/2020, Pl-x 4/2020

Stadiu: promulgata de Presedintele Romaniei, 13 iulie 2026
Initiatori:  Guvern

07

Proiect de lege privind aprobarea Ordonantei nr.11/2021 pentru modificarea si completarea Legii nr. 207/2015 privind Codul de procedura fiscala si reglementarea unor masuri fiscale - L327/2021, PL-x 481/2021

Stadiu: promulgata de Presedintele Romaniei, 13 iulie 2026
Initiatori:  Ministerul Finantelor

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