Romanian online gambling framework seeks final Presidential approval

romania

Romania’s Chamber of Deputies has approved the progression of the Country’s draft online gambling framework, as Romanian parliament looks to open up its market to international operators.

The draft framework will now be sent to President Klaus Iohannis for final review and approval, once verified the framework and its policies could be introduced into Romanian law within the period of one week.

The country’s amended online gambling framework will set out the national requirements for operators to gain licenses for online gambling products and services. Romanian policy makers have attached a 20% tax duty on online gambling revenues.

Rumanian business and policy commentators have been pleased the announcements made by the government this week, after facing several delays in the frameworks progression, which had first been presented in 2009.

Romania is amongst the first Eastern European countries to open up its gambling market to international operators, the market policy makers have further stated that the country’s framework will fall within European Union competition and best business practice policies.

The Romanian Chamber of Deputies did not disclose any further information on how many international operators had expressed interest in entering its market.

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