How can SMEs affected by the pandemic access the announced state aid scheme?

Following the European Commission's approval of Romania's state aid scheme to support small and medium-sized enterprises ("SMEs") and certain large enterprises affected by the COVID-19 pandemic, the Ministry of European Funds adopted the state aid scheme through a ministerial order, in the context of the economic crisis generated by the pandemic. The three funding measures adopted under this programme and detailed below are intended to provide liquidity for the respective SMEs. ...  

Stratulat Albulescu are moving to the One Herastrau Office building

Stratulat Albulescu is pleased to announce the signing of the lease agreement with One United Properties for our new office space. The space totals 1,150 square metres and is located in the One Herast ...  

PNSA advised Burda Group on the sale of its business in Romania

PNSA and PNSA Tax advised Burda Group on the sale of its business in Romania. . . The transaction concerns the sale of the entire logistics, transport and press distribution business operated by B ...  

Schoenherr advises OMV Petrom on strategic partnership with Auchan to open 400 MyAuchan proximity stores in Petrom filling stations

Schoenherr Romania advised OMV Petrom on all legal matters regarding the extension of an existing partnership with Auchan Retail Romania, to open 400 MyAuchan proximity stores in Petrom filling statio ...  

Romania passes new tax incentives to bolster business

On 4 September 2020, Romania enacted Government Emergency Ordinance no. 153/2020 (GEO 153/2020), which introduces progressive bonifications for companies improving their equity position. GEO 153/20 ...  

NNDKP assists the shareholders of Medima Health in establishing a strategic partnership with the private equity fund Morphosis Capital

NNDKP assisted Medima Health, a chain of medical clinics specialized in imaging and radiology, in relation to the sale of the majority stake held by renowned radiology professor Dr Gheorghe Iana and s ...