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 MS 192/2026 privind modificarea anexei la Ordinul MS 444/2019 pentru aprobarea Normelor privind înfiinţarea, organizarea şi funcţionarea unităţilor farmaceutice

Stadiu: publicata in Monitorul Oficial Partea I nr. 448, 27 mai 2026
Initiatori:  MS

02

Proiect HG pentru modificarea și completarea HG 700/2012 privind organizarea şi funcţionarea ANPC

Stadiu: publicat in consultare publica, 27 mai 2026
Initiatori:  Ministerul Economiei

03

Propunere legislativă privind modificarea și completarea Legii nr.227/2015 privind Codul fiscal, B547/2025, L568/2025, Pl-x 118/2026

Stadiu: depus la Secretarul general și anunțat în plenul Senatului, pentru exercitarea dreptului de sesizare asupra constitutionalității legii, 26 mai 2026
Initiatori:  Mohammad Murad, AUR

04

Proiect HG pentru aprobarea bugetului de venituri și cheltuieli pe anul 2026 al ANL

Stadiu: publicat in consultare publica, 27 mai 2026
Initiatori:  MDLPA

05
06

Proposal for a Directive amending Directive (EU) 2022/2555 as regards simplification measures and alignment with the [Proposal for the Cybersecurity Act 2] - COM(2026) 13 final

Stadiu:  Draft Senate Resolution adopted in Plenary, 27 May 2026
Initiatori:  European Commission

07

Proposal for a regulation on the EU Agency for Cybersecurity (ENISA), the European cybersecurity certification framework, and ICT supply chain security & repealing Regulation (EU) 2019/881(The Cybersecurity Act 2) - COM(2026) 11 final

Stadiu:  Draft Senate Resolution adopted in Plenary, 27 May 2026
Initiatori:  European Commission

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