General vote at shareholders’ meetings in limited liability companies in Romania

The vote of the General Assembly is set out in Art 192 and in the articles of the Law No 31/1990.
According to the law, the resolutions at the general meeting will be taken according to the principle of double majority. A decision shall be taken by an absolute majority of votes of the shareholders and the share capital, unless the articles of Incorporation provides otherwise.

Foreigners will have easy access to buy agricultural plots in Romania

In order to comply with the EU requirements, a law regarding the measures which shall regulate the sale-purchase by foreign persons of the extra-murros land was adopted, and, also, a Land Administration and Market Institution was established in order to supervise the sale process (AARPF).

Romania: Aid for the investment development.

On 09.08.2012 was published in the Official Gazette a decision of the Government for implementing a support scheme by the state to come in the investors’ help in different fields. The maximal value per company, being approximately 28mil Euro, under some conditions.