Whistleblowers are an essential source of information for investigation and public prosecution services. The correct transposition and effective implementation of Directive (EU)2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (Whistleblowers’ protection Directive) therefore is of direct operational relevance for the European Public Prosecutor’s Office. If you fail to protect whistleblowers, you limit detection. If you do not detect, you cannot investigate and prosecute. The European Chief Prosecutor has duly noted that on 29 June 2022, the Romanian Chamber of Deputies finally adopted a law aiming to transpose the Whistleblowers’ protection Directive. Based on the preliminary analysis of the law, and especially of the amendments made to the draft law on 28 June 2022, just before its adoption by the plenary, the European Chief Prosecutor is assessing whether some of these provisions would be contrary to the Whistleblowers’ protection Directive, and represent a step backwards with regard to the current level of protection, established under national law since 2004. The main point of concern is that this could have a chilling effect, discouraging potential whistleblowers in Romania and negatively affecting the level of detection of EU fraud. De facto, this would lead to a deterioration of the existing system ensuring the proper functioning of investigation and public prosecution services in relation to the investigation and prosecution of fraud, including tax fraud, corruption or other breaches of Union law relating to the implementation of the Union budget or to the protection of the financial interests of the Union. It is important to recall, in addition, that the EPPO has not yet received the nomination of 9 European Delegated Prosecutors from Romania and that there has been a considerable delay in granting the EPPO office in Romania an adequate number of judicial police officers in support of its operations. The European Chief Prosecutor is considering whether this persisting situation, combined with the latest developments would warrant a report to the European Commission in line with Recital 16 of Regulation (EU) 2020/2092 of 16 December 2020 on a general regime of conditionality for the protection of the Union Budget.
In a market shaped by shrinking supply, rising capital and shifting global flows, North Bucharest Investments is positioning itself at the center of Bucharest’s next residential cycle. For CEO Vlad Musțeată, 2026 is not a year to watch from the sidelines, but “one of the clearest buying windows of the past decade” for disciplined investors […]
One year after the Romanian Constitutional Court (CCR) annulled the presidential elections and decided a complete rerun, amid a flawed electoral process backed by evidence in a declassified report sent by intelligence services to the state defence council CSAT, president Nicusor Dan announced a detailed report on the developments would be released...
Electrocentrale București, one of the 17 state enterprises shortlisted by the government for restructuring, has launched the tender for a new gas-fired cogeneration power plant in Bucharest South, a project worth over RON 2.1 billion (EUR 400 million). Interested companies can submit bids until February 5, according to
Critical Metals Corp (Nasdaq: CRML), an American company specialising in critical minerals, and Romanian nuclear group Nuclearelectrica (BVB: SNN) announced on December 9 the signing of an agreement for the development, in Romania at Feldioara, of an industrial rare earth processing facility. The planned facilities at Feldioara, where Nuclearelectrica operates its subsidiary Uranium Concentrate Processing […]
One United Properties (BVB: ONE), the Bucharest Exchange-listed developer of residential, mixed-use, and office real estate in Romania, announced the signing of a preliminary sale and purchase agreement for a 34,800 sqm plot of land in “the most desirable residential area of Constanța, on the Black Sea coast.” The land is located in the northern […]
Al Dahra Holding will exit Romania’s grain trading market in 2026, withdrawing from a sector with annual exports valued at about EUR 4 billion, Bloomberg reported on December 9, as cited by Ziarul Financiar. The company’s decision follows sustained pressure on international traders operating in the increasingly...
