Romania is a country blessed with rich energy resources compared with other countries in Europe, especially in Western Europe. Almost 70 % of Romania’s primary energy demand can be met by domestic energy resources. Romania has oil. Indeed, Romania was the first country in the world to commercially exploit oil (in the Ploiesti area), as officially registered in international statistics. Romania not only extracts oil, but has also developed a chain of petroleum refineries in which crude oil is processed and refined into products such as gasoline, diesel fuel, asphalt base, heating oil, kerosene and liquefied petroleum gas....more »

At the beginning of September, the amendments to the Law on unfair competition, brought by the Government Ordinance no. 12/2014, will enter into force. These changes are intended to update a regulation which, although was adopted in 1991, has proved difficult to apply in practice. At the time of its adoption, Law no. 11/1991 was incriminating as unfair competition practices a series of behaviors that were subsequently regulated by specific legislation in various fields. This fact led in time to sometimes conflicting and overlapping regulation jurisdictions....more »