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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

HG 596/2026 privind aprobarea Manualului aferent Proiectului de intervenție în situații de urgență, elaborat în cadrul Opțiunii de Răspuns Rapid, instrument al BIRD

Stadiu: publicat in Monitorul Oficial Partea I nr. 677, 17 august 2026
Initiatori:  Ministerul Finantelor

02

Ordin MF 987/2026 pentru aprobarea Procedurii de acordare a bonificației de 3% din impozitul pe profit anual şi din impozitul pe veniturile microîntreprinderilor aferente anului fiscal 2025/anului fiscal modificat care începe în anul 2025

Stadiu: publicat in Monitorul Oficial Partea I nr. 678, 17 august 2026
Initiatori:  Ministerul Finantelor

03

Propunere legislativă pentru modificarea art.13 din OUG 49/2019 privind activitățile de transport alternativ B424/2026

Stadiu: aviz favorabil, Consiliul Legislativ, 13 august 2026
Initiatori:  Ciprian-Constantin Serban, PSD; Stefan-Ovidiu Popa, PSD

04

Decizia nr. 135 din 17 februarie 2026 referitoare la excepția de neconstituționalitate a dispozițiilor art. 11 din Legea nr. 241/2005 pentru prevenirea și combaterea evaziunii fiscale

Stadiu: publicat in MO partea I nr 676, 14 august 2026
Initiatori:  CCR

05

Ordin MS 1.086/2026 privind modificarea și completarea Anexei nr. 1 la Ordinul MS nr. 5.994/2024 pentru aprobarea preţurilor maximale ale medicamentelor de uz uman

Stadiu: publicat in MO, partea I nr 676, 14 august 2026
Initiatori:  MS

06

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

Stadiu: adoptat in sedinta de Guvern, 14 august 2026
Initiatori:  MAI

07

Noutati privind sanctiunile adoptate de Uniunea Europeana - 14.8.2026

Stadiu: -
Initiatori:  European Parliament

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