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According to the Government Decision approved at the Government meeting of 7 December, starting with the 1st of January 2019, the minimum wage guaranteed at national level without any increments or other additions, is proposed to be of 2,080 Lei/ month for a normal full working schedule of 167,333 average hours a month, representing 12.43 Lei/hour.  This amendment represents an increase of 9.47% on the national minimum wage compared with the ...

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SAA assisted VTB Bank on EUR 124 mil financing Chimcomplex

Stratulat Albulescu Attorneys At Law acting as co-counsel with the Prague office of White & Case has assisted VTB Bank (Europe) SE on a financing in the amount of EUR 124 mil granted to Chimcomplex S.A. Borzesti for the acquisition of several asset ...
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Welcome to our new edition of Business Opportunities in Romania: Market Overview

Our country has enjoyed considerable growth over the past few years and investors, both at home and abroad, are discovering that Romania is one of Europe’s most attractive places to do business. From our thriving and globally important IT sector to ...
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Stratulat Albulescu advises GapMinder on investment in FintechOS

Stratulat Albulescu (SAA) was delighted to act again as legal advisers to GapMinder this time in connection with its investment in FintechOS. GapMinder collaborates with universities, the UN, public agencies and non-governmental organizations being ...
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