On 18.06.2024, the Chamber of Deputies adopted the Draft Law on the Use and Provision of Trust Services, already adopted in October 2023 in the Senate (the Draft Law). The Draft law was sent to the Romanian President for promulgation. On June 27. The Draft Law it establishes the necessary measures to implement Directive (EU) No 910/2014 on electronic identification and trust services for electronic transactions in the internal market.
On 5 March 2024, Law 28/2024 amending and supplementing some normative acts in the foreigners' sector was published in the Official Gazette. In the following, we will review the most important new changes introduced by the legislative texts concerned, which mainly refer to the status adjustment of highly qualified workers and the EU Blue Card.
While companies in Romania are already used with financial reporting, new obligations are to be imposed upon them as the ESG requirements at EU level will gradually start to apply in the Member States. A sustainability report that outlines the environmental, social, and governance (ESG) effects of their operations shall have to be issued by a large number of companies in the future.
Hategan Attorneys would like to recommend the "Timisoara, a business destination" Investor Guide, a useful tool published by Timisoara City Hall, designed to provide a detailed overview of business opportunities in a prosperous and dynamic cultural and social environment.
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