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Mihaela Amzuloiu

Mihaela Amzuloiu

Recently, the new additions and amendments brought to Government Ordinance No. 13/2011 on legal remunerative and default interest for monetary indebtedness, as well as for the regulation of some financial and fiscal measures in the banking field, Government Emergency Ordinance No. 50/2010 on credit agreements for consumers and Government Ordinance No. 51/1997 on leasing operations and leasing companies were declared unconstitutional.

Monday, 13 May 2019 10:31

Changes brought to day workers law

Law no. 52/2011 on the performance of occasional activities by day workers (“Law 52/2011”) was further amended by Government Emergency Ordinance no. 26/2019 (“GEO 26/2019”) on amending and supplementing certain legislative acts, based on which the use of day workers was expanded and additional obligations were imposed on the beneficiaries.

In a recent amendment to Law no. 52/2011 on the performance of occasional activities by day workers (“Law 52/2011”), the Romanian Government severely restricted the use of day workers and imposed additional obligations on both the day workers and the beneficiaries.

Government Decision no. 937/2018 on establishing the national minimum gross basic wage guaranteed for payment (“GD 937/2018”), published in the Official Gazette of Romania, Part I no. 1045, on 10.12.2018, provides for an increase in the Minimum Gross Wage, in Romania, which is differentiated based on professional experience and higher education, as of January 1st, 2019.

Thursday, 15 November 2018 21:39

Quarterly distribution of dividends

According to Law no. 163/2018 on amending and supplementing Accounting Law no. 82/1991, Companies Law no. 31/1990, as well as on amending Law no. 1/2005 on the organization and functioning of cooperative companies (“Law 163/2018”), published in the Official Gazette of Romania, Part I no. 595, as of 12.07.2018, the Romanian companies are allowed to distribute dividends quarterly to shareholders, under the conditions stated below.  

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