Romania Mining Law 2003
Country
Year
2003
Summary
The present Mining Law regulates the mining activities in Romania, stimulating the capitalization of the mineral resources, which are public property of the state. The Law assures maximum transparency of the mining activities and a fair competition, without discrimination between the property forms, the origin of capital and the nationality of the operators. The investments in the mining domain are encouraged by fiscal and administrative facilities, being free of any constraint concerning the return of the investments and the utilization of the obtained profit.