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.
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]
CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]
