From 1991, by adopting the new Constitution, Romania has begun to consolidate a real market economy based on principles of the state of law guaranteeing the right of property irrespective of the owner. The transition from a centralized to a market economy is a complex process requiring radical changes in all fields of activity, but first of all in the economic field, Romania has made remarkable steps and has succeeded in reaching international and, in particular, European standard.

Cryptocurrency, fiat currency exchange services and digital wallet providers could soon become authorised in Romania. This comes on the heels of the Ministry of Finance publishing a draft...

The Romanian Competition Law was recently amended by the Emergency Government Or-dinance no 75/2010 ("EGO 75/2010") which entered into force on 5 August 2010.

Most of these aspects can be covered from a technical perspective.

Romania presents a wealth of opportunities for investors seeking profitable ventures and a pathway to secure a second nationality. With its robust banking policies, diverse industries...

Romania benefits from being one of the EU countries with lower cinematographic production costs, and that is why it is on the radar of many international studios.

2017 has seen some antagonistic forces, whose resultant seems uncertain. On the one hand, people are talking about the steps that are to be taken with a view to consolidating the single market and achieving banking union.

Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency ("ANAF") will be developed by the Romanian Customs Authority, founded by way of Law...

None of this sounds very different from the headlines of previous years, reflecting a process started by the European regulatory bodies in 2012, in response to the financial crisis.

Trade finance is generally not very developed in Romania, at least by comparison with other EU Member States and developed and emerging markets.

Debate is raging about the Romanian "offshore" law setting out the legal framework for oil & gas exploration and production in the Black Sea offshore perimeters, fuelling political turmoil and deterring investment.