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 pentru modificarea art.46 din Legea nr.360/2023 privind sistemul public de pensii și a art.56 din Legea nr.53/2003 privind Codul muncii, B79/2026, L212/2026

Stadiu: Aviz CSM, 8 aprilie 2026
Initiatori:  Deputat AUR Silviu-Octavian Gurlui

02

Ordin MF 402/2026 privind aprobarea Termenilor finali ai emisiunilor de titluri de stat, denominate în lei și euro, lansate în perioada 14-21 aprilie 2026, în baza Prospectului de bază pentru Programul FIDELIS

Stadiu: publicat in Monitorul Oficial Partea I nr. 288, 9 aprilie 2026
Initiatori:  Ministerul finantelor

03

Ordin AVR 746/2026 privind utilizarea Sistemului de decizii vamale

Stadiu: publicat in Monitorul Oficial Partea I nr. 288, 9 aprilie 2026
Initiatori:  Autoritatea Vamală Română

04

Propunere legislativă pentru completarea alin.(1) al art.456 din Legea nr.227/2015 privind Codul fiscal, B67/2026, L203/2026

Stadiu: aviz negativ Comisia pentru Industrii, 8 aprilie 2026
Initiatori:  George-Nicolae Simion, AUR; Petrisor Gabriel Peiu, AUR; Mihai-Adrian Enache, AUR

05

Propunere legislativă pentru modificarea Legii nr.360/2023 privind sistemul public de pensii, B763/2025, L99/2026, Pl-x 265/2026

Stadiu: aviz negativ Comisia pentru Egalitate, 8 aprilie 2026
Initiatori:  Szabo Odon, UDMR

06

INS: PIB 2025 +0,7% vs 2024

Stadiu: publicat de INS, 9 aprilie 2026
Initiatori:  INS

07

Proiect de Lege pentru aprobarea OUG 22/2025 pentru modificarea și completarea OUG 109/2011 privind guvernanța corporativă a întreprinderilor publice, L88/2025, Pl-x 137/2025

Stadiu: Sesizare de neconstitutionalitate, Presedintele Romaniei, 8 aprilie 2026
Initiatori:  SGG

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