2024 has been a landmark year for competition law, unfair competition, and foreign direct investment (FDI) screening in Romania, marked by significant changes that have reshaped the regulatory landscape. The Romanian Competition Council (RCC) has solidified its role as a proactive authority, capable of responding swiftly when needed, launching unprecedented enforcement actions in the IT,…
This year marked a pivotal chapter in Romanian competition law. Over the past few years, the Romanian Competition Council (the ‘RCC’) has steadily emerged as a prominent player among the most active national competition authorities in the region. This ascent was solidified with new competencies and expanded responsibilities on unfair competition, foreign investment screening, investigation…
In April 2023, a Memorandum was signed between the competition authorities of eight Member States (Poland, Czechia, Estonia, Hungary, Latvia, Lithuania, Romania and Slovakia) and the competition authorities of the newest EU candidate countries Moldova and Ukraine for regional cooperation in the field of competition policy. The main objective of this initiative was to promote…
EU FDI Screening Regulation: separating security from competition The Regulation 2019/452 establishing a framework for the screening of foreign direct investments into the Union (EU FDI Screening Regulation) was adopted on 19 March 2019 and became fully operational on 11 October 2020. Its adoption was prompted by the concerns of various stakeholders alleging the existence…
