Issue Note Romania Formal and Informal Guidance
Georgiana Bădescu, CELIS Country Reporter for Romania and Cristiana Manea, CELIS Assistant Country Reporter for Romania.
Since the entry into force of the FDI regime in 2022, the Romanian FDI authority has been reviewing more than 1,000 filings and provided guidance to potential investors in investments with a Romanian nexus. Investors are able to seek guidance via the Secretariat of the FDI Screening Commission, prior to the submission of a filing.
Guidance is usually sought in relation to the potential nexus for deals in more critical sectors, the broad scope of the sensitive sectors, or the allocation of the investment value. In 2025, the authority published a first set of draft Guidelines aimed at providing more clarity on essential concepts relevant for FDI screening in Romania. The authority usually encourages investors to submit filings whenever there is uncertainty on the applicability of the Romanian FDI regime (e.g. the investment value cannot be reverse engineered or allocated beyond any doubt).
