Prime Minister Marcel Ciolacu said on Monday that the government is amending Romania's legislation on the corporate governance of state-owned enterprises and thus entirely fulfilling an essential milestone in the country's National Recovery and Resilience Plan (PNRR)."We are repealing all exceptions and applying these corporate rules to state-owned enterprises in the defence industry, as well as in the case of RA-APPS," the prime minister said at the beginning of a government meeting.Letter a) in Article 1 (6) regulating the exemption of the RA-APPS corporation managing state-owned real estate from Government Emergency Ordinance 109/2011 will be repealed.At the same time, the requirement regarding the additional security check for the selection of the members of the boards of directors in the field of the national defence and security industry should also apply to the selection of the members of the board of directors of state-owned enterprises dealing with the administration of state-owned property and real estate provided by RA-APPS that also entails requirements in the field of national safety and security.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
