The Government Emergency Ordinance no. 59/2016 on the amendment of Article 890 of Law no. 95/2006 was published in the Romanian Official Gazette no. 768 of September 30, 2016 (attached hereto).
According to a press release, during the Government’s session from September 28th, 2016, an Emergency Government Ordinance was adopted for the modification of Article 890 of Law 95/2006 on the reform of the healthcare system (Law 95/2006), according to which the new methodology on the calculation system and approval procedure of the maximum prices of medicinal products for human use authorized for being placed on the Romanian market will be approved by Government Decision, pursuant to the proposal of the Ministry of Health.
Recent initiatives of the Romanian National Agency for Fiscal Administration (the “NAFA”) – including on site controls – showcase the Agency’s interest in verifying the VAT and PE structures set-up and deployed for business purposes by the international companies active in the pharmaceuticals sector in Romania.
Published in Managing Intellectual Property, April 2016
Published in SEE Legal’s Southeast Europe Energy Handbook 2015
Published in SEE Legal’s Southeast Europe Taking & Enforcing Security Handbook 2015
Published in “WTR Daily”, part of World Trademark Review, in October 2015
Published in “World Trademark Review Yearbook”, 2016 – 2017
Published in “Euromoney’s Women in Business Law” – 5th edition, in August 2015 Year 1990 marked Romania’s onset on transition towards market economy and it was then that “business” and “profit” ceased to be associated with a fraudulent activity. The country embarked on a difficult road to eliminate trade barriers, facilitate free capital movements and support the dynamics of target domains such as energy, financial services, IT and electronics, automotive and telecommunications and to strengthen the private sector, while simultaneously reducing the direct implication of the state in economy.
