On 10 July 2018 the Romanian legislature passed Law no 163/2018 in the Official Gazette allowing quarterly dividend distributions.The Law amended the Accounting Law 1991 and the Companies Law 1990 to provide companies with the option to distribute profits (dividends) on a quarterly basis.
This includes that distributions may be made during the financial year up to the quarterly net profit, plus any retained earnings and available reserve withdrawals, net of any retained losses and amounts deposited in reserves in accordance with legal or statutory requirements. Companies that opt for quarterly distributions must prepare interim financial statements.
