On 4 May 2022, the Romanian Government adopted Emergency Ordinance no. 60/2022 (EGO 60/2022) on establishing the institutional and financial framework for the implementation and management of the funds allocated to Romania through the Modernization Fund, as well as for the modification and completion of some normative acts (published in the Official Gazette no. 459 of 9 May 2022).
The newly adopted Emergency Ordinance has the following scope of application: establishing the institutional and financial framework for management of the funds allocated to Romania through the Modernization Fund, to allow the accessing of such funds for the modernization of the energy sector, in order to achieve the objectives of the European Green Pact.
For more details regarding this topic, you may read the full article prepared by Dan Ciupala, Senior Associate at our Romanian office and Leader of Energy Practice, by opening this link.
For dedicated legal assistance, do not hesitate to get in touch with our specialized team.