Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. PM Ciuca meets with business milieu representatives to...

PM Ciuca meets with business milieu representatives to build cooperation mechanism

March 16, 2022

Prime Minister Nicolae Ciuca met with the representatives of the Coalition for Romania's Development (CDR), in a bid to establish a cooperation mechanism focused on economic and reform priorities, the government said in a release.The cooperation themes are related to macroeconomic stability, the allocation of financial resources for recovery and resilience, sustainable development, the modernization of the state's interaction with the private sector, health care and education."Exchanges of suggestions and proposals generate predictability and prospects for implementing the modernization plans Romania needs. Efficiency in the implementation of these solutions will be ensured only if we take into account the reality we face, a reality confirmed through the constant dialogue with you. This dialogue, from the perspective of optimizing the functioning of public institutions, has strengthened the foundations of the process already started by the efficient investment of resources in developing the country to its full potential in the current context generated by the implementation of NRRP reforms and investments and the start of the OECD accession process," the Prime Minister said.Given the aim of adopting a fiscal strategy by the middle of this year in consultation with the business environment, the participants in the meeting approached fiscal policy subjects and examined goals such as reducing Romania's budget deficit and launching the reform and digitization off the National Tax Management Authority.The CDR representatives expressed their vision for the allocation of recovery and resilience financial resources, referring also to measures to support the business environment with financial resources and through the mobilization of private capital for growth and investment, and highlighted the need for implementing financial instruments to support this mobilization.In terms of sustainable development, today's meeting focused on analyzing a new energy market model with well-defined pillars: production, grid and supply, but also on measures to protect the environment with a focus on waste and compost management. The importance of new proposals for corporate and administrative governance or commercial and public funding was also emphasized.The participants also dwelled on the need for administrative streamlining, but also for the modernization of the basic legislation of the business environment, with a highlight on the company and public procurement law, which would help the economy and the administration to implement the NRRP, the release states."Health care was another important topic during the meeting. The coalition presented several proposals to cut red tape, improve the way the National Agency for Medicines and Medical Devices works, or the efficient management of NRRP investments. In the discussion on education, the Prime Minister analyzed the possibility of implementing several concepts and suggestions from CDR representatives, starting with the assessment of the teachers' performance, the continuation of functional illiteracy remediation programs, the expansion of the network of workshops and laboratories for applied sciences or transparency in education," the government's release states.Attending the meeting on behalf of the government were Prime Minister Nicolae Ciuca, Finance Minister Adrian Caciu, Minister of Research and Digitization Marcel Bolos, Environment Minister Tanczos Barna, and the head of the Prime Minister's Chancellery Mircea Abrudean.The delegation of the Coalition for Romania's Development led by CDR coordinator Adela Jansen (the French Chamber of Commerce in Romania - CCIFER) included Cristian Secosan (from the Foreign Investors Council), Ionut Simion (AmCham), Letitia Pupazeanu (AmCham), Ana Bobirca (the Romanian Businesspeople's Association - AOAR), Florin Pogonaru (AOAR), Sterica Fudulea (the National Council of Small and Medium-sized Private Enterprises - CNIPMMR), Andreas Lier (the Romanian-German Chamber of Commerce and Industry - AHK), Sebastian Metz (AHK), Laura Florea (Romanian Business Leaders), Francois Coste (CCIFER), and Mariuca Talpes (RBL).

Read in full - click here
Communication agency Graffiti Plus signs funding contract for listing on Bucharest Stock Exchange's AeRO market

Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]

US Embassy in Romania funds restoration of wooden church in Maramureș

The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]

Bucharest Stock Exchange introduces Corporate Governance Committee to implement new code

The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...

Bucharest’s District 4 starts work on M4 subway line extension worth EUR 3.5 bln

Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations.  The extension will have 14 […]

Food Angels Hub: Investors’ network launches in support of HoReCa, food industry businesses in Romania

Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]

IULIUS obtains EUR 305 million syndicated loan to remodel Palas Iași complex

Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]