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of the RA-APPS corporation managing state-owned real estate from Government Emergency Ordinance 109/2011 will be repealed.At the same time, the requirement regarding the additional security check for the selection of the members of the boards of directors in the field of the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.
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
The winter holidays are, for many of us, that rare time when everything slows down and joy becomes simple again: a beautifully decorated Christmas tree, a glass of fine wine, laughter mingling with the clinking of glasses, and breathtaking views all around. In the world of Ana Hotels, the magic of the season is celebrated […]
Kings’ Valley Medical & Spa Hotel is more than a luxurious retreat — it is a gateway to one of Bulgaria’s most enchanting regions. – The Rose Valley. Nestled in the heart of the country, just a few scenic hours from Bucharest, the hotel offers guests a rare blend of tranquility, wellness, and discovery....
