Further Changes Introduced To Romania's FDI Regime

June 2023 – Romania has just introduced additional amendments to its foreign direct investment ("FDI") screening regime, further broadening the scope of what was already one of the more far-reaching FDI regimes in the European Union.

The changes were enacted under Law no. 164/2023, published in the Official Gazette of Romania on 7 June 2023 (the "FDI Amendment Law") and applicable as of 10 June 2023, on approving Government Emergency Ordinance no. 46/2022 on measures for applying EU Regulation 2019/452 establishing a framework for the examination of foreign direct investment in the Union (the "EU FDI Regulation") and amending Competition Law no. 21/1996 ("GEO 46/2022"). GEO 46/2022 introduced the new FDI framework in Romania in April 2022 and was followed by the enactment of secondary FDI rules on the organisation and functioning of the FDI Screening Commission ("CEISD") in November 2022.