The Law allowing the quarterly distribution of dividends was published and will be in force starting with July 15th 2018

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Law no. 163/2018 to modify Law 82/1991, to modify Law 31/1990 and to modify Law 1/2005 was published in Official Gazette no. 595/12.07.2018.

Starting with July 15th 2018 Companies may distribute dividends every 3 months, based on quarterly Financial Statements. Any eventual differences according to yearly Financial Statement must be settled in 60 days after the Yearly Financial Statements are approved.

The dividend distribution from unreal profits or without previous approval of quarterly/yearly Financial Statements is a criminal offence.