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In a period of economic uncertainty, with a budget deficit nearing 8% and the looming risk of unpopular fiscal measures post-elections, companies are facing significant legal and fiscal unpredictability. This article delves into the major legislative changes adopted in recent months and how corporate legal departments should prepare for the upcoming challenges.  Tax Amnesty and…

Romanian real estate company Alsin Management completed the first phase of First Estates Pipera, the first residential project in Romania offering free heating to its residents. The second phase, which requires an investment of over EUR 20 million, is under construction.  The company said that it sold over 95% of the 232 apartments included in…

Romanian cyclist Ede Molnar won the bronze medal at the European Mountain Bike Eliminator (XCE) Championships, held on Sunday, October 6, in Gibraltar.  Molnar, part of the Bucharest-based Dinamo club and the BikeExpert Racing Team, not to mention the reigning European champion, was overtaken in the final by Austrian Theo Hauser, who won the gold…

Jantzen Renewables announced the appointment of Răzvan Popa as its new Chief Executive Officer (CEO), effective October 7. Under his leadership, the company said it aims to deepen its focus on various technologies such as solar PV, batteries, wind, and power-to-x and reinforce its commitment to environmental sustainability and energy independence. Before assuming the CEO…

This year’s edition of the Astra Film Festival in Sibiu, taking place from October 20 to 27, aims to bring the best documentaries about Romania or made by Romanian directors to the big screen. The lineup will include 18 documentaries, most of them premiers. Romanian documentaries in the official selection will compete for awards in…

Two policemen, an agent from the General Inspectorate for Immigration – Directorate for Immigration of the Municipality of Bucharest and a chief police commissioner, acting head of the Immigration Bureau of Ialomița County, were caught by the National Anticorruption Directorate (DNA) while accepting bribes for approving the permits of Asian workers, DNA reported. The bribe…

Turkish company Otokar won a tender to supply 1,059 Cobra II 4×4 Tactical Wheeled Light Armored Vehicles and some integrated logistics support services to Romania under a RON 4.26 bln (EUR 850 mln without VAT) contract, the company announced, according to Savunmasanayist.com. Otokar was the only one to submit a commercial offer before the March…

The Pentagon does not want Romania or Poland to shoot down Russian missiles over Ukraine, as Volodymyr Zelenskiy insists, because such an intervention could be seen as direct NATO involvement in the war in Ukraine, said Sabrina Singh, the spokesman for the US Department of Defense, according to Digi24. “It would involve us in war…

Romania’s Constitutional Court (CCR) invalidated on October 5 the presidential candidacy of far-right, populist politician Diana Sosoaca (SOS) – which, in principle, consolidates the position of the other, more moderate far-right candidate George Simion (AUR).  After independent candidate Mircea Geoana came under attack for his alleged ties with controversial local politicians, this is a second development within several…

Romanian chain of luxury jewellery Teilor Holding has decided to offer bonds under two private placements in local and foreign currency at the Bucharest Stock Exchange, the company announced through a note published at the Bucharest Exchange (BVB), where it listed its previous bonds. The local and foreign-denominated bonds will all have a maturity of…