The reform of state-owned companies is a common sense emergency for any state that respects public money, the Minister of Investments and European Projects, Dragos Pislaru, said on Monday."We need to understand the real size of the problem: there are dozens of state-owned companies that accumulate huge losses annually, live off billions of lei in subsidies and block resources that should go into education, health and real investments. Some of these companies are today, de facto, a black hole for the Romanian budget. Deputy Prime Minister Oana Gheorghiu presented today the architecture of the reform: the reactivation of the National Committee for the Reform of State-Owned Companies, a sectoral map showing where it makes sense for us to be present as a state, a single registry of state-owned companies and a real, phased process, starting with a pilot project of 10 companies in Energy and Transport," the minister wrote on his Facebook account.He stressed that he fully supports this direction, noting that the reform of state-owned companies "is not about cuts only on paper, but about responsibility".In his opinion, from the perspective of the Ministry of Investments and European Projects, the reform of state-owned companies is also a European obligation. "We have milestones in the PNRR related to professional appointments and the restructuring of loss-making companies, and access to European funds depends on these changes. We cannot hope for a competitive economy generated by European money, but based on the foundation of politicized and underperforming companies. The reform of state-owned companies is an act of respect for people: for those who pay taxes, for those who work correctly and for the generations to come. It is time to stop waste and black holes. It is time to introduce performance into state-owned companies", the Minister of Investments and European Projects, Dragos Pislaru, also wrote on his social media.
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single […]
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers. The company said […]
More than 80% of the electricity production capacity of the new nuclear reactors in the works in Romania could power a Black Sea AI Gigafactory project, according to a plan laid out by the government. Romania has already secured financing and partners to develop units 3 and 4 at the Cernavodă nuclear power plant, with […]
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”
AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]
State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...
