In the context of the global health crisis, the Romanian State took several measures dealing with the economic, financial and social consequences of the spread of COVID-19, including a series of stimulus measures, mostly temporary, to protect the business environment.
Of particular interest is Decree No. 195/2020 of the President of Romania (the “Decree”), which declared the state of emergency and announced that the Government is empowered to take measures of support for all economic operators affected by the COVID-19 crisis. After expiry of the state of emergency (i.e., on 15 May 2020), the Government declared the state of alert until 15 June 2020, subject to extension.
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