Laura Neacsu, Senior Associate and Coordinator Energy Practice at Noerr, reviews the recent developments in the domestic renewable energy market, affected by successive legislative changes. A healthy investment climate on the E-RES Market, but also on the Romanian market in general, can be built only on a predictable, transparent and stable legal framework. Such stability and predictability were expected to come along with the much awaited new year. The whole E-RES investment environment expected Romanian authorities to finish the amendments begun, to finalize the decisions initiated and to provide the E-RES market with parameters of a support scheme on which business plans may be drafted and implemented within the legitimate expectations at the time such plans were born....more »

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 »