| In a regional context marked by instability and increasing security pressures, Romania is repositioning its defence industry as a pillar of strategic autonomy, supporting the commitments undertaken within NATO and the EU. Government Emergency Ordinance (GEO) No. 73/2025 on certain measures regarding investments in the field of national security addresses the need for a predictable legal framework for the development of the local defence industry and for attracting investments in military capabilities, advanced technologies and critical industrial infrastructure. According to a draft law approving GEO No. 73/2025, currently under parliamentary debate, the legislator is expected to introduce certain clarifications, required under the principles of legislative drafting, regarding notions such as “investor”, the mechanism for carrying out investments and their legal regime—elements which, in their current form, may give rise to unclear interpretations. Who can invest and under which conditions Security filter and state controlSpecial legal status of investments Public funding and support Governance, audit and accountability Pre-emption right and project continuity Implications for the business environment Read more : GEO NO. 73/2025: LEGAL FRAMEWORK FOR STRATEGIC INVESTMENTS IN THE DEFENCE INDUSTRY | Gruia Dufaut Law Office |