Premier Florin Citu announced that the government adopted on Wednesday several normative documents, among which an emergency ordnance which simplifies the process of public procurement and through which the contracts of acquisition will be implemented more quickly and the absorption of European funds increases. ‘Thus, the obligation of the economic operator who is considered a winner to present fiscal certificates for every secondary/working points has been eliminated, this being replaced by a sworn statement which states that he did not break his obligations regarding the payment of taxes or those regarding social insurance contributions, without other supplementary documents. In practice, getting fiscal certificates proved to be an excessive administrative burden, especially in the case of economic operators with hundreds or thousands of secondary locations’ says a press release of the National Agency for Public Procurement (ANAP). As a result, the ordnance adopted by the government introduces measures for the simplification and fluidisation of the process of public procurement, including through the reduction of certain procedure terms regulated by law no.98/2016, law no.99/2016 and law no.100/2016 the press release of the ANAP says. The purpose of the legislative amendments is quicker attribution of contracts of acquisitions and, implicitly, the improvement of the absorption of European funds. At the same time, the amendments operated are essential from the perspective of allocation which Romania will benefit from the PNRR. Other legislative amendments aim at the reduction of the duration of the whole process of public procurement, from over two years (the average duration now) to six months.
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 […]
