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 At the same time, through the new draft of normative act is repealed the law no.233/2016 regarding partnership public-private, by comparison the draft bringing additions and amendments such as: regulating the possibility of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.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
