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

Proiect de lege pentru aprobarea OG 26/2024 privind reglementarea unor măsuri pentru gestionarea fondurilor europene alocate României prin PNRR, L430/2024, Pl-x 514/2024

Stadiu: pe ordinea de zi pentru Raport, Comisia pentru Buget, 21 aprilie 2026
Initiatori:  MFE

02

Proiect Lege pentru modificarea și completarea unor acte normative în domeniul financiar, B772/2025, L640/2025, Pl-x 215/2026

Stadiu: pe ordinea de zi pentru Raport, Comisia pentru Buget, 21 aprilie 2026
Initiatori:  Ministerul Finantelor

03
04

Circulara BNR 8/2026 privind rata dobânzii plătite la rezervele minime obligatorii constituite în euro începând cu perioada de aplicare 24 martie-23 aprilie 2026

Stadiu: publicat in Monitorul Oficial Partea I nr. 305, 16 aprilie 2026
Initiatori:  BNR

05

Ordin MDLPA 407/2026 pentru aprobarea unor formulare tipizate pentru îndeplinirea prevederilor art. 243 alin. (72) din OUG 57/2019 privind Codul administrativ, precum și a instrucțiunilor de utilizare a acestora

Stadiu: publicat in Monitorul Oficial Partea I nr. 304, 16 aprilie 2026
Initiatori:  MDLPA

06

Circulara BNR 7/2026 privind rata dobânzii plătite la rezervele minime obligatorii constituite în lei începând cu perioada de aplicare 24 martie-23 aprilie 2026

Stadiu: publicat in Monitorul Oficial Partea I nr. 305, 16 aprilie 2026
Initiatori:  BNR

07

Propunere legislativă pentru completarea Ordonanței Guvernului nr.26/2000 cu privire la asociații și fundații, B104/2026, L233/2026

Stadiu: Aviz negativ Comisia pentru Drepturile Omului, 15 aprilie 2026
Initiatori:  Deputat AUR - Ionelia-Florenta Priescu

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