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.
Investment: 125 million euros to establish STIHL’s European Competence Center for the production of battery packs and battery-powered tools Scale: 47,000 square meters facility on a 147,000 square meters site — capacity of up to 1.8 million battery packs and 1.7 million tools by 2028 Employment: Approximately 700 jobs to be created by 2028 Network: Romania […]
A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit […]
The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an […]
More than 100 items, ranging from frescoes and paintings to sculptures, photographs, and other rare artifacts from Italian museums, will go on display in Timișoara for an exhibition looking at the city of Pompeii. Titled The Fragility of the Eternal. From Pompeii to the Grand Tour to Today, the exhibition will be open from November […]
Robotics startup Dexory, founded in London by Romanians Andrei Dănescu, Adrian Negoiţă, and Oana Jinga, has secured new Series C funding of USD 165 million, according to an announcement made on LinkedIn and quoted by Ziarul Financiar. The company has developed an autonomous robot, the tallest in the world, reaching 16 meters, and a platform designed […]
NEPI Rockcastle, Central and Eastern Europe’s largest owner and operator of shopping centers, has inaugurated its first photovoltaic park in Chișineu-Criș, Arad county, in western Romania. The investment is part of its green energy programme, which includes a EUR 110 million plan for photovoltaic projects across Central and Eastern Europe. According to the company, these […]
