Financial expert Adrian Codirlasu has a quick solution for increasing budgetary resources – selling minority stakes in profitable state-owned companies. “This means that the state retains control, the state decides what happens. However, the Bucharest Stock Exchange already has governance codes that are fully compatible with those of the OECD. Those companies would be subject to those codes. It would be a listing condition on the stock exchange,” Codirlasu stated in an interview with spotmedia.ro. Codirlasu emphasized that listing state-owned companies could increase their profitability and, consequently, the state's revenues from dividends: “We see that those state-majority companies listed so far give almost all their profit as dividends.” According to Codirlasu, the amount the Government could obtain from the sale of shares ranges between 10 and 20 billion euros. “Being a one-off sale (meaning it happens only once, not recurrent), it does not factor into the deficit calculation, going directly into the Government's reserves,” he explained. The financial expert specified that such a maneuver would quickly reduce borrowing costs: “It would quickly lead to a decrease in loan interest rates because it would be enough for the Executive to show that it has financial reserves to be able to expect lower interest rates. The Government would have a very wide margin of action. This would reduce the burden of external debt. We already see that what we pay on public debt is very high.” Thus, selling minority stakes in public companies is presented by CodirlaSu as a quick and efficient solution for strengthening the budget and reducing the burden of the state's debt.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
