Under a recent amendment to Government Emergency Ordinance (OUG) 194/2002 on foreigners in Romania, the deadline for foreign nationals applying for a long-stay visa for employment in Romania has been extended from 60 to 180 days of the date the employer get the employment permit."On May 5, Government Emergency Ordinance (OUG) 59/2022 amending legislation regarding foreigners in Romania entered into force. Thus, amendments were made to OG 25/2014 on the employment and secondment of foreigners in Romania to create the option of submitting applications for the issuance of employment/secondment approvals by all local immigration office," the General Immigration Inspectorate (IGI) reported on Friday.On May 5, OUG 59 of May 4, 2022 amending legislation regarding foreigners in Romania was published in Official Journal 450/2022. The ordinance facilitates the issuance of employment/secondment approvals and visas for work purposes and allow the hiring in a shorter time of foreign workers as part of the contingent of new foreign workers admitted to the labour market in Romania."Lifting the COVID-19 pandemic restrictions in Romania has led to an increase in the number of applications for the issuance of employment/secondment approvals, which made it impossible for the immigration offices to satisfactorily manage the applications submitted. At the same time, in the current year, under OG 132/2022 establishing a quota of newly admitted foreign workers on the labor market in 2022, a contingent of 100,000 newly admitted foreign workers was established, up 100% over the previous year."The provisions in the new piece of legislation are designed to streamline the application management by creating a unitary workflow nationwide, thus contributing to the support of foreign citizens gainfully employed and for employers hiring newly admitted foreign workers, shortening the waiting times for submitting applications and getting to work in a shorter time.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
