On Wednesday, January 13th, the Romanian Government voted on decision no. 4/13.01.2021 and subsequently published the decision in the National Gazette relating to the approval to increase the minimum guaranteed gross wage to 2,300 lei per month. The change represents…
In an effort to reduce bureaucracy when operating limited liability companies, Romania has amended its Company Law that will come into force 3 days following its publication in the National Gazette, relating to SRLs as follows: • Flexibility of the…
The most important specifications of the law that came into force on October 3rd, amending and completing the Labour Code, are the following: Any Romanian who is interested in being employed, can be assisted at the time of negotiating or…
[print_link] On the 2nd of July 2020, after an almost six month wait, the law that allows for the de-bureaucratisation of company incorporations in Romania, was finally published in the National Gazette. The law entered into force on the 5th…
[print_link] Needless to say, a business requires a bank account in order to function properly. In certain instances, however, having to open a bank account is more complex that one would anticipate and, as such, requires reaching out to professionals…
It is an inevitable fact that a wide range of companies will face difficult financial times as a result of the current crisis. This is where we, Eurofast, can step in with tailor-made solutions. Our financial advisors may just have…
The Ministry of Public Finances will guarantee up to 80% of the value of the financing granted to SMEs in light of the current COVID-19 situation. Interested companies should note the following: The maximum value of the credits / lines…
FIND YOUR RELATIVES IN ROMANIA First, you must find out if your parents or grandparents were Romanian citizens and if they renounced their Romanian citizenship or it was withdrawn by the Romanian authorities. To determine whether you have relatives who…
100 years after the Spanish flu, a new pandemic strikes the world, impeding free movement, considerably slowing down the world economy as well as seriously restricting the rights of the population. We are living in unprecedent times. It is becoming…
What is PEO? The concept of Professional Employment Organization ( PEO) also known as known as Employer of Record (EOR) and staff leasing enables foreign companies to hire employees without the burden of registering and administering a local company or…