The Court of Accounts found a prejudice of over 500 million lei in the budget of mayoralties in 2014, the largest amount of 137.9 million lei being recorded in Bucharest and the lowest of 1.2 million lei in Vaslui county. According to the report on the execution account of local budgets in 2014 made by the Court of Accounts, presented in November, the most significant prejudices were caused by not observing legal provisions in engaging, liquidating and paying expenses. “Law infringements discovered led to budget prejudices of 524.4 million lei. The most significant infringements causing prejudices are those about engaging, liquidating and paying expenses, as well as the illegal use of budget funds,” the report shows. Bucharest ranks first for the prejudice chapter with 137.9 million lei, followed by Constanta county with 47.6 million lei and Timis county with 40.7 million lei. The smallest prejudice was produced in Vaslui county -1.2 million lei. Representatives of the Court of Accounts pointed out that prejudices were caused by the wrong interpretation and application of the law in the field of personnel salaries in local public administration. In this context, illegal payment were made by granting a fidelity and loyalty bonus, confidentiality bonus, bonus for affecting conditions, special rights for labour health and safety, and salary supplements. Another cause of prejudices is the existence of bad management of the efficiency of expenses for the maintenance of local public institutions, determined by not observing legal provisions referring to fuel consumption, maintenance materials, car insurances. Court of Accounts inspectors found irregularities in public acquisitions of services and investment works with negative consequences in insuring efficiency of purchases made, by not assuring competition policies in obtaining a price at the level of the one used in the market. Most infringements generating prejudices pointed out, among other things, the payment of services not performed by entrepreneurs, but invoiced and paid, the payment of works containing higher quantities than the ones executed, of materials with prices way above market price, the acceptance of documents that do not include information needed to certify the reality of sums requested, paying services several times over, the purchase of materials given in custody to executors but which were not found among works carried out.
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Renting is steadily becoming more common in Romania, as access to credit becomes increasingly difficult. As such, even though rents traditionally tend to decrease in October, this year they have kept steadily increasing in most major cities. Traditionally, the demand for rentals increases in August and September, when students return to the major university cities. […]
Demand for logistics and industrial space in Romania reached 750,000 square meters in the first nine months of 2025, a 30% increase compared with the same period last year, according to the Romania Industrial Marketbeat Q3 2025 report by real estate consultancy company Cushman & Wakefield Echinox. If the current pace continues, the total volume […]
Documentary Mondays and Fiction Tuesdays, the programs of the Czech Center in Bucharest, return between November 10 and November 25 with screenings of six contemporary and classic European films. Documentary Mondays, the Czech Center's longest-running film program, proposes documentaries that reflect on the present, memory, trauma, and the ways in which we relate to the […]
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
On New Year’s Eve, the local authorities in Constanța will no longer organize the traditional fireworks display. The decision was made to protect animals as well as the environment. The seaside city of Constanța thus joins a growing list of cities in Romania to ban fireworks, Digi24 reported. Cluj-Napoca, Ploiești, Iași, and Brașov...
