Legislative measures adopted in the context of COVID-19 with financial and tax implications

Preliminaries The state of emergency instituted and extended by the Decree of the President of Romania has led to exceptional measures, including economic, financial and fiscal measures.

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State of emergency. GEO No 37/2020 and the granting of credit facilities

In the context of the exceptional circumstances we are facing, the negative effects caused by the limitation or interruption of socio-economic activities, the severe lack of liquidity faced by small and medium-sized enterprises and the lack of income in the case of individuals, Government Emergency Ordinance No. 37/2020 was adopted.

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Declaring a state of emergency - Remedies available to employer and employee

In the context of the evolution of the situation caused by the spread of the SARS-CoV-2 coronavirus, as well as the declaration of "Pandemic" by the World Health Organization, the President of Romania issued Decree no. 195/2020 on the establishment of a state of emergency in Romania on March 16th 2020.

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