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Gov't approves authorization, operation in Romania of representations of foreign economic companies, organizations

The government approved on Wednesday an ordinance on the authorization and operation in Romania of the representations of the foreign economic companies and organizations, the government's spokesman, Dan Carbunaru, announced.

"The legal and institutional framework for the authorization and functioning in our country of the representations of the foreign economic companies and organizations authorized by the Ministry of Entrepreneurship and Tourism has been established. These new rules aim at simplifying and digitizing the procedure for registration, extension and modification of the operating authorizations related to foreign representations in Romania, as well as for deregistration from the notices of the Ministry of Entrepreneurship and Tourism, being established the legal basis for creating a dedicated electronic application in this regard. Thus, the access to the documents will be ensured in a transparent and easy way, in compliance with the legislation in the field of personal data protection," Dan Carbunaru told a press conference, at the Victoria Palace.

He said that the authorizations for the operation of representations of the foreign economic companies and organizations will be issued for a period of at least one year, with the possibility of extension for the same period.

The new regulations are part of the milestones that Romania must achieve through the National Recovery and Resilience Plan (PNRR) in terms of legislative transparency, debureaucratization and procedural simplification for the business environment.

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