Last week Nicholas S Hammond representing the Firm, attended two major business events in London, relating to Romania as well as visiting clients and contacts in London. He attended the British Romanian Chamber of Commerce “BRCC Dinner Gala” at Drapers Hall in the City of London, an event that gathered more than 100 people from different business
Being an employer in any jurisdiction seems to become more complicated as time goes on. I was recently reminded of this when we were advising an international client of the Firm on employment issues in Romania. The Client wished to be fully compliant with Romanian law and practice. As it plants and offices in other
With the increase of foreigners wishing to come to Romania and Europe to work, we are asked regularly as to what is the position for non-EU citizens concerning work permits and residency. The position of the employment of Non-EU employees is governed in Romania by the provisions of EU Directive 2011/98/EU and Romanian government emergency
One of the current most challenging issues on the incorporation of a company in Romania is the immediate tax impact on the company and its profitability. The majority of Romanian companies were incorporated with the minimum capital of two hundred (200) RON. This means a minimum capital of approximately forty-five (45) Euros. This is still
The previous post dealt with contracting with Romanian private companies, and now I want to look at the position in relation to State companies. Despite over 20 years of „capitalism” much of Romanian industry and resources are still in the hands of companies that are either Government owned or Government controlled. Unless your business can
Why the above headline. During a recent trip to London the question of Greece and Ukraine were raised by a number of people on the basis of what was the impact of the problems in Greece and Ukraine on the Romanian economy and business environment. It was an aspect that whilst in relation to Greece we
One of the most frequent questions we are asked is regarding corruption and influence peddling in Romania and how this is dealt with under Romanian law. Unfortunately, Romania does figure in a number of corruption indices and in a high position. The question that is being asked is why, and how does it affect business.
One of the major problems in Romania is keeping up with the changes in law. How do we do this many Clients ask? How do we keep up to date? As an emerging economy the laws are updated often without notice (Government Emergency Ordinances), or an important law is blocked in Parliament, and then suddenly passed