At a plenary sitting on Tuesday, the Chamber of Deputies passed Emergency Ordinance 5/2023, which establishes that the government may approve the establishment, on behalf of the state, of state-owned companies in Romania and abroad at the proposal of ministries.The ordinance is designed to regulate the establishment of the possibility for the government to approve the establishment, on behalf of the state, of state-owned companies in Romania and abroad, in compliance with the provisions of the state-aid legislation, at the proposal of the ministries with a jurisdiction over the main object of activity of the company or under whose authority the company operates.The ministries are also allowed to increase the share capital of the companies in which they are shareholders on behalf of the government, in compliance with the state aid legislation.According to the bill, the criteria taken into account when setting up a company are: respecting the general interest of the state in the business area of the newly established company; complying with the principle of economic efficiency in establishing the business area of the newly established company; following the principles of a market economy in the operation of the new company; guaranteeing equal and non-discriminatory treatment of business operators in acquiring products or services necessary for carrying out their business dealings; transparency in the allocation of public funds.The ordinance has already been adopted by the Senate, and the Chamber of Deputies is the decision-making body in this case.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
