The Official Gazette has recently released the PNRR (National Recovery and Resilience Plan) aid scheme, which aims to provide much-needed support to non-IT companies in Romania. This initiative is designed to help these companies partner with IT companies and embark on a digital transformation journey to enhance their competitiveness, promote innovation, and facilitate the adoption of new work methods.

New provisions on the sale of farmland located outside of the buildable areas is installed as per 13 October 2020.

As per 13 October, the foreigners can still buy agricultural land if they buy a company via a share deal. Other transactions are not possible any more for foreigners. Romania has put as single European country a limit for European citizens and other foreigners. Not very correct towards the citizens of Europe in my opinion.

After selling large plots of agricultural land during 2003-2007 we shifted from sales to due diligence and used our expertise to evaluate farms and agricultural land in Romania. Since then we performed a due diligence almost every year in a classical way. We also used our expertise for share deals with factories that were bought by investors as we active in Romania since 2003.