President Klaus Iohannis promulgated on Friday the law approving Government Emergency Ordinance No. 39/2018 on public-private partnerships, which regulates the conclusion, implementation and termination of public-private partnership contracts, the establishment of the purpose of the public-private partnership, namely the construction, rehabilitation and/or expansion of an asset that will belong to the public partner's assets and/or the operation of a public service. At the same time, through the new draft of normative act is repealed the law no.233/2016 regarding partnership public-private, by comparison the draft bringing additions and amendments such as: regulating the possibility of carrying out public-private partnerships and projects exclusively involving the operation of a public service, clarifying the concept of financial closure, restricting the participation of the public partner with public funds at the stage of investment implementation to 25% of the investment value, setting up within one year a special fund to finance public-private partnership contracts that fall into the category of strategic projects, removing overlaps with the legislation on public procurement and concessions. Both in case of contractual partnership public-private and in case of institutional partnership public-private, if another public entity intends to support the carrying out of the project through the assumption towards the private partner of a payment or guarantee obligation(s) for the benefit of the public partner, it may do so if the payment or guarantee obligation has been provided for in the study and in the tender documents in a clear, precise and unequivocal manner, indicating the conditions under which it can be fulfilled, as required by law.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
