First pageNewsAmendments to the government emergency ordinance no. 99/2000 on trade of products and market services

Amendments to the Government Emergency Ordinance no. 99/2000 on trade of products and market services

On 8 December 2020, the Government Emergency Ordinance no. 210/2020 for amending the Government Emergency Ordinance no. 99/2000 on the trade of products and market services (the "O.U.G. 210/2020") was published in the Official Gazette no. 1193 as of 8 December 2020 and entered into force on the same date.

Taking into consideration the evolution of the pandemic caused by the spreading of the coronavirus SARS-CoV-2 that required concrete actions to be conducted in order to diminish the negative effects on the economy and mitigate risks regarding the blocking of the economic activity of the small and medium-sized companies, the O.U.G. 210/2020 intends to help economic operators continue their activity through the following provisions:

  • Traders are no longer obliged to pay off the supplier for the products offered for clearance sales at least 30 days prior to the initiation of the clearance sales period;
  • Traders are no longer obliged to build up the stock of products offered for clearance in specific deposits/selling areas and not to restock following completion or throughout the clearance sales;
  • Consequently, the trader is no longer obliged to keep the supporting evidence that the stock of products offered for clearance was built up at least 15 days prior to the initiation of the clearance sale and paid off at least 30 days before the starting date of the clearance sale;
  • Additionally, traders are no longer obliged to notify the municipality in the jurisdiction they conduct their activity regarding the initiation of the clearance sale by 15 days prior notice.

 

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