Romania One Step Closer To Secondary FDI Legislation

In an eagerly awaited development, Romania has taken a step forward in fostering more clarity on essential concepts relevant for foreign direct investment (FDI) screening, by publishing draft guidelines (the "Guidelines"), anticipated to enter into force in March 2025. While the Guidelines may not bring major surprises for practitioners who have been working in the FDI trenches since the regime came into force in April 2022, the formal codification of the authority's practice is a welcome step toward greater transparency and predictability

Short recap: investments covered by the Romanian FDI regime

Before delving into the key takeaways of the Guidelines, we remind you that the Romanian FDI regime covers a broad range of investments: