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

Ordin ASPAAS 406/2026 - adoptarea Standardului internațional de audit 240 (revizuit) Responsabilitățile auditorului privind frauda într-un audit al situațiilor financiare, inclusiv amendamentele aduse altor standarde IAASB

Stadiu: publicat in Monitorul Oficial Partea I nr. 404, 13 mai 2026
Initiatori:  Autoritatea pentru Supravegherea Publică a Activității de Audit Statutar

02

Noutati economie digitala - Daily Digest 13.05.2026

Stadiu: -  
Initiatori:  ANOFM, INS, Official Journal, Eurostat, European Commission

03

Noutati sanatate - Daily Digest - 13.05.026

Stadiu: -
Initiatori:  EU's Official Journal, European Parliament, European Council, European Commission, EMA

04

Propunere legislativă pentru completarea Ordonanței Guvernului nr.26/2000 cu privire la asociații și fundații, B104/2026, L233/2026

Stadiu: avize favorabile, Comisia pentru buget, 12 mai 2026 
Initiatori:  Deputat AUR - Ionelia-Florenta Priescu

05

Propunere legislativă pentru modificarea Legii 189/2021 privind sărbătorirea zilei de 10 mai ca Ziua Independenţei Naţionale a României şi pentru modficarea Legii 53/2003 - Codul muncii, B209/2026

Stadiu: opinia Consiliului Fiscal, 13 mai 2026
Initiatori:  Iulian-Alexandru MURARU, Deputat PNL; Gigel Stirbu, Deputat PNL

06

Propunere legislativă privind guvernanța instituțională digitală a administrației publice, organizarea organigramei digitale naționale și autorizarea accesului pe bază de roluri și operațiuni, B238/2026

Stadiu: aviz favorabil, CES, 12 mai 2026
Initiatori:  Senator RUS vasile-Ciprian, USR

07

Noutati privind sanctiunile adoptate de Uniunea Europeana - 13.5.2026

Stadiu: -
Initiatori:  European Council

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