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 At the same time, through the new draft of normative act is repealed the law no.233/2016 regarding partnership public-private, by comparison the draft bringing additions and amendments such as: regulating the possibility of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.
Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors. Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]
The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]
In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]
The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]
Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]
Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]
