The Romanian Parliament has recently adopted Law no. 127/2014 amending and supplementing the Electricity and Natural Gas Law no. 123/2012 and the Petroleum Law no. 238/2004.

On 6 October 2014, the Ministry of Public Finance launched for public debate a draft law amending and supplementing Law no. 297/2004 on capital market.

On 30 September 2014, the Romanian Chamber of Deputies adopted a law intended to clarify the legal status of shares traded on the Rasdaq market and the unlisted securities market.

Government Ordinance no. 12/2014 has recently amended the main Romanian legal enactment on unfair competition – Law no. 11/1991. The scope of these amendments covers the content of the prohibited unfair competition practices, as well as a more precise regulation of the Competition Council’s role in sanctioning such practices.

A new State aid scheme targets electro-intensive industries, by partially relieving them from the payment of the green certificates which they would normally have to pay in relation to their electricity consumption.

The European Commission has recently approved Romania’s map for granting regional development State aid between 2014 and 2020.

A new text has recently joined the overabundance of Romanian norms in the area of consumer protection: Government Emergency Ordinance no. 34/2014 on the rights of consumers in contracts concluded with traders, transposing Directive 2011/83/EU of the European Parliament and of the Council on consumer rights.

On 12 June 2014, the Bank Recovery and Resolution Directive was published with the Official Journal of the European Union.