Romania’s Progress In Electronic Commerce – After Accession On January 2007

As of January 1, 2007, Romania joined the European Union and accepted the constitutional treaty ratifying its accession. As Romania’s number of Internet users is quite low, compared to most of the European Union, banks and on-line traders are actively promoting a wide range of its services to attract consumers to the Internet. However, no further requirements for legislation on e-commerce have so far been identified in Romanian law. The Information Technology market is expanding at a rapid rate in Romania, and one of the growth factor would be implementation of 3G technologies.

The following questions have been addressed in this article:

What is the significance of the amendment of Law No. 365/2002 on electronic commerce in Romania?
What is the significance of the Information Technology sector on e-commerce in Romania?
What are the difficulties faced by Romania in the development of e-commerce?
In what ways is the tax system in Romania improving with respect to the collection of VAT?

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