Romania to Cut Board Sizes, Cap Salaries in State Firms

Romania 23 July 2025 10:24

Prime Minister Ilie Bolojan announced on Tuesday a plan to reform Romania’s state-owned companies by reducing the number of board members and capping their earnings. He criticized the current system where some managers exploit legal loopholes to rapidly increase their pay without improving company performance, causing public dissatisfaction, CE Report quotes AGERPRES

Bolojan also said performance indicators will be reviewed and updated by ministries to ensure they are meaningful. Managers who refuse to meet the new standards may be replaced. The reforms aim to improve accountability and efficiency in managing state assets.

Tags

Electrica Raises €500M in Oversubscribed Green Bond Debut

30 July 23:55

Romanian energy company Electrica launched its first bond issue on the Bucharest Stock Exchange (BVB) on July 30, raising €500 million to boost the country’s green energy capacity.

Romania Tops EU Average in EU Funds Absorption

30 July 22:15

Romania has surpassed the EU average in absorbing European funds, reaching a 16.3% absorption rate compared to the Union's 11.4%, Minister of Investments and European Projects Dragos Pislaru announced Wednesday.

President: Police Graduates Are the Face of the State

30 July 18:00

President Nicușor Dan addressed graduates of the “Alexandru Ioan Cuza” Police Academy on Wednesday, emphasizing the crucial role they will play as the interface between citizens and the Romanian state.

Corund Stream Diverted to Protect Praid Salt Mine

30 July 11:06

Emergency works to fully divert the Corund stream in Harghita County were completed Monday using a corrugated pipe system, following flooding that threatened the Praid salt mine.

Popovici Wins 200m Freestyle

29 July 18:01

Romanian swimmer David Popovici claimed gold in the men’s 200m freestyle at the 2025 World Aquatics Championships in Singapore on Tuesday.

Romania's Anthem a Symbol of Unity and Resolve

29 July 15:42

On Romania's National Anthem Day, President Nicușor Dan emphasized the country’s critical role on NATO’s Eastern Flank and its strong contribution to European and Euro-Atlantic security.

Romania Takes Sabre Bronze

29 July 11:06

Romania’s men’s sabre team clinched bronze at the World Fencing Championships in Tbilisi on Monday, defeating Japan 45-41 in a dramatic comeback for third place.

Popovici Reaches 200m Freestyle Final

28 July 22:45

Romania’s David Popovici advanced to the final of the men’s 200m freestyle at the 2025 World Aquatics Championships in Singapore, posting the fourth-best time in Monday’s semifinals.

Romanian Deputy PM Resigns Over Bribery Scandal

28 July 12:19

Deputy Prime Minister Dragoș Anastasiu announced his resignation on Sunday, citing ongoing personal attacks that he says harm the image of the Romanian government.

Romania Denies Hosting Ukrainian Jets

25 July 21:45

President Nicușor Dan on Friday firmly rejected Russian accusations that Romania allowed Ukrainian military planes to fly over its territory, calling the claims “totally false.”

Romania, South Korea Strengthen Strategic Ties

25 July 17:30

Prime Minister Ilie Bolojan met Friday at the Victoria Palace with Woo Won-shik, Speaker of the South Korean National Assembly, during his official visit to Romania.

Romania Debates EU Media Freedom Act

25 July 13:25

The Union of Romania's Professional Journalists (UZPR) held a conference on Thursday at the Parliament Palace to discuss the challenges and implications of implementing the European Media Freedom Act (EMFA), set to take effect across the EU on August 8.

Romania to Cut Board Sizes, Cap Salaries in State Firms

Tags

Related articles

Most read

Press Releases

Features