Payment Terms Legislation In Romania
Please click here to view payment terms for the European Union.
Law 72 of 28 March 2013, on measures to combat delays in the execution of obligations to pay sums of money resulting from contracts concluded between professionals and between them and contracting authorities enacts the EU Late Payment Directive (see European Union for details).
Law 321 of 15 October 2009 on food marketing sets a maximum payment term of 30 days for food products, or 7 days in the case of fresh food products.
Several orders and decisions in the utilities service sector set out maximum payment terms of 10 or 15 days to suppliers in the sector depending on the nature of the contract. Orders no 483/2008 and 112/2007 of the National Authority for Regulation of Public Community Utility Services, order 90/2015 of Romanian Energy Regulatory Authority and decisions no 480/2004 and 183/2005 of the President of the Romanian Natural Gas Regulatory Authority.
See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adopted on 30 April 2019.
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