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INSIGHTS

BY GRAYLING

Grayling CEE Outlook 2026

As every year, we have prepared Grayling’s CEE Outlook report, outlining the key political, economic and regulatory developments businesses should be aware of in the year ahead. In this edition, our Public Affairs teams highlight the policy, regulatory and geopolitical shifts most likely to shape the operating environment in 2026 in Central and Eastern Europe. The region continues to adjust to a shifting geopolitical and economic landscape. Governments across CEE are balancing fiscal consolidation with rising defence spending, while navigating ongoing uncertainty shaped by Russia’s continued war against Ukraine, a more transactional United States, and visible strains within the European Union. Together, these factors point to a period of gradual strategic recalibration. If you would like a more in-depth discussion tailored to specific industries or markets, please do not hesitate to contact us. We also encourage you to share the CEE Outlook with colleagues who may find it useful for their strategic planning.

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LEGAL BRIEFS

BY TUCA ZBARCEA & ASOCIATII

Competition Law - Amendments to the investment screening regime in Romania

Government Emergency Ordinance No. 17 of 12 March 2026 (“GEO No. 17/2026”) was published in the Official Gazette No. 199 on 13 March 2026. It amends and supplements several legislative acts, including: (i) Government Emergency Ordinance No. 46/2022 on measures to implement Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union, and amending and supplementing Competition Law No. 21/1996 (“GEO No. 46/2022”); and (ii) Competition Law No. 21/1996 (the “Competition Law”). Relevant highlights: • The examination fee is reduced from EUR 10,000 to EUR 5,000; • Increased materiality threshold triggering the notification obligation under GEO No. 46/2022; • Single notification procedure for multiple transactions between the same parties within one year; • Aggregation of interdependent transactions carried out over the course of a year which, individually, fall below the threshold of EUR 5,000,000 and notification of such transactions once the materiality threshold is exceeded; • Conditional exemptions from the notification obligation for certain internal restructurings or reorganisations; • Amendment of GEO…

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Regulatory Radar

01

Propunere legislativă privind protecția întreprinderilor publice românești împotriva preluărilor ostile și pentru asigurarea continuității lor, L370/2026, Pl-x 574/2026

Stadiu: prezentare în Biroul Permanent al Camerei Deputatilor si înregistrat la Camera Deputatilor pentru dezbatere, 14 septembrie 2026
Initiatori:  Stelea Niculina, Senator AUR; Vlahu Nicolae, Senator AUR

02

Propunere legislativă pentru modificarea art.13 din OUG 49/2019 privind activitățile de transport alternativ B424/2026, L532/2026

Stadiu: Pe ordinea de zi pentru Raport, Comisia pentru Transporturi, 8 septembrie 2026
Initiatori:  Ciprian-Constantin Serban, PSD; Stefan-Ovidiu Popa, PSD

03

Propunere legislativă pentru modificarea şi completarea Legii nr.165/2018 privind acordarea biletelor de valoare şi modificarea Legii nr.227/2025 - Codul fiscal, B253/2026, L367/2026

Stadiu: respinsa de Senat, 14 septembrie 2026
Initiatori:  Vidra Vlad-Andrei - deputat SOS

04

Propunere legislativă pentru modificarea și completarea Legii nr.227/2015 privind Codul fiscal, B297/2026, L403/2026

Stadiu: respins de Senat, 14 septembrie 2026
Initiatori:  Stefan Tanasa, USR

05

Propunere legislativă pentru modificarea și completarea art.25 din Legea nr.227/2015 privind Codul fiscal, precum și completarea Legii nr.165/2018 privind acordarea biletelor de valoare, B260/2026, L373/2026

Stadiu: trimis pentru raport suplimentar la Comisia pentru Buget si Comisia pentru Munca, termen raport 21 septembrie 2026
Initiatori:  Matichescu Mirela-Florenţa - deputat PSD;

06

Propunere legislativă pentru modificarea și completarea Legii nr.95/2006 privind reforma în domeniul sănătății, B369/2026, L496/2026

Stadiu: Adoptat de Senat, 14 septembrie 2026
Initiatori:  Vasile Ciprian Rus, Senator USR

07

Proiect de ordin al președintelui ANAF privind procedurile de agreare și selecție a practicienilor în insolvență de către ANAF

Stadiu: publicat in consultare publica, 14 septembrie 2026
Initiatori:  ANAF

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