Nestor Nestor Diculescu Kingston Petersen announced today the promotion of six lawyers to partnership, in one of the most important rounds of promotions within the firm in recent years. This step is part of NNDKP’s strategy of continuously consolidating its position as a leader of the Romanian business law market.

Decision no. 63/2017 of the National Audiovisual Council of Romania (CNA) for the amendment of the Decision no. 220/2011 on the Regulatory code for audiovisual content was published  in the National Official Gazette no. 141 of February 27, 2017. According to Decision no. 63/2017, the consumption of food products must not be encouraged by using children of age between 3 and 15 years old in commercials for food products.

The Commission decided to send a letter of formal notice to Romania regarding national legislation on retail of agricultural and food products running counter to the freedom of movement of goods and to the freedom of establishment.

The public procurement procedure for the extension of Glina Waste Water Treatment Plant and the construction of a sludge incinerator has come to an end. 

Published in “Casino Inside”, issue 71

Order no. 605/2017 establishing the criteria for the VAT registration, for the approval of the Procedure regarding the VAT registration as per art. 316 para. (12), let. e) of Law 227/2015 regarding the Fiscal Code, of the taxable persons, companies, having the seat of their economic activities in Romania, established as per Law no. 31/1990, subject to the registration within the trade registry and for the approval of the Procedure for the annulment, by default, of the VAT registration as per art. 316 para. (11), let. h) of Law 227/2015 regarding the Fiscal Code, of the taxable persons, companies, having the seat of their economic activities in Romania, established as per Law 31/1990, subject to the registration within the trade registry which do not justify the intention and capacity to perform economic activities involving transactions subject to VAT, was published in Official Gazette 93/2017.

The syndicate of banks comprising Banca Comercială Română, EximBank and Banca Transilvania has granted a multi-currency revolving credit facility in the amount of EUR 24 million to Pehart Tec Grup, controlled by the investment fund Abris Capital Partners, in partnership with businessman Ioan Tecar.

Order no. 210/2017 regarding the amendment of Order 3.698/2015 for the approval of the fiscal registration forms of the taxpayers and types of fiscal obligations forming the fiscal vector and for the abolishment of Order no. 3841/2015 for the approval of the model and content of Form (088) “Statement on own responsibility for the evaluation of the intention and capability of performing economic activity involving transactions subject to VAT” was published in Official Gazette 40/2017

LEGISLATION

Order no. 2903/2016  regarding the classification within the computer programming activity was published in the Official Gazette 22/2017

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