Romania has received a positive opinion from the Organization for Economic Cooperation and Development (OECD) regarding corporate governance, said Corina Cretu, interim president of the Agency for Monitoring and Evaluation of Public Enterprises Performance (AMEPIP), on Saturday."In the three months since I have been acting as interim president of AMEPIP, I have managed, together with the team from the Government and the institution, to fulfill all the requirements of the European Commission regarding the operational functioning of the institution: publishing the minimum performance indicators for state-owned enterprises; collecting all points of view, drafting the text that was adopted by Government Decision on the Property Law, which will be debated in Parliament; adopting and publishing the procedure for controlling and applying sanctions for enterprises that do not fulfill their minimum obligations regarding profit or indicators or selection procedures for the Board of Directors," Corina Cretu wrote on Facebook.She mentioned that she has also resolved all the emergencies, including all the final reports of the companies belonging to the almost 1,400 local authorities."The OECD assessment is positive regarding our work on corporate governance, and this, as I said, was announced on Thursday in Paris, mentioned in the OECD Assessment Report," Cretu mentioned.Corina Cretu said she was certain that regarding the selection process of the new management, organized by an independent commission, the Government will make a rigorous analysis and will decide in the coming days how to proceed.
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 […]
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 […]
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...
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 […]
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 […]
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 […]
