Legislative news in April 2014

LEGISLATIVE NEWS IN APRIL 2014

During April 2014, a number of legal regulations with relevance to the business environment in Romania were published in the Official Gazette of Romania, Part I, such as:

I. Government emergency Ordinance no. 16/2014 regarding the modification and completion of the Law for national education no. 1/2011

This act came into force on April 10th 2014

The law for national education no. 1/2011, published in The Official Gazette of Romania, Part I, no 18 from January 10th 2011, as subsequently amended and republished, was modified and completed as follows:

Article 253 was modified and has the following content:

"Art. 253. – (1) The qualified teachers, who have obtained the grade/average of at least 7 in a national single tenure competition in undergraduate education in the last 6 years and who are employed with an individual employment agreement for a determined period in education units, can be assigned, in a public hearing, organized by the education inspectorate, for an undetermined period in the education unit in which they are employed, if the teaching position is vacant and viable.
(2) The procedure regarding the assignment provided by paragraph (1) is established through methodology prepared by consulting the social dialogue partners and approved through an order of the Minister of National Education."


II. Order no. 556/2014 for the approval of the Methodological norms regarding the preparation and deposit of the quarterly financial situations of public institutions, as well as monthly financial reports during 2014

The act came into force on April 15th 2014.

The financial situations that are prepared by public institutions at the end of the first, second and third quarters of 2014 are comprised of: balance, the patrimonial result account, the situation of the treasury flows, the budgetary enforcing accounts and the annexes to the financial situations, which include accounting policies and explanatory notes.

III. Norm no. 3/2014 regarding the internal control, internal audit and the risk administration in the private pension system

This act came into force on April 9th 2014

This norm provides the organization and fulfillment of internal control activities, internal audit, and risk administration in the private pension system.

IV. Law no. 346/2002 regarding the insurance for work related accidents and diseases

The act came into force on April 8th 2014.

In the Official Gazette of Romania, Part I, no 251 from April 8th 2014 Law no. 346/2002 regarding the insurance for work related accidents and diseases was published.
The insurance for work related accidents and diseases represents a personal insurance, is part of the social security system, is guaranteed by the state and contains specific relations through which the social protection of employees against diminishment or the loss of work capacity and their deaths following work related accidents and diseases is insured.