Renewable energy: Romania and legislative instability
The Romanian business environment is currently in turmoil due to the recent series of legislative acts amending Romanian law in the field of energy, specifically renewable energy. This is keeping investors far from Romania and has driven already established investors away. The most recent legislative amendment, nominally in force since July 1, 2013, in the form originally adopted by the Government, the Emergency Ordinance 57/2013 (“EGO 57”), has not been discussed in the Parliament which postponed discussing it to September 2013.
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