Tags: EU | Romania | Corporate Governance

Romania: Court Nixes Law That Could Politicize State Firms

Tuesday, 13 February 2018 11:39 AM EST

BUCHAREST, Romania (AP) — Romania's constitutional court has ruled that a new law which could lead to major state companies coming under political control is unconstitutional.

The court ruled Tuesday that an amendment to a law that would eliminate corporate governance in big state concerns was not permissible.

Romania's parliament, which is dominated by a leftist ruling coalition, in December approved legislation to exempt 100 state companies from corporate governance. The companies that lawmakers could have brought under political control included major electricity, nuclear, natural gas and transportation companies.

Investors and other critics said that would lead to political interference to the detriment of professional competence and good management.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Romania's constitutional court has ruled that a new law which could lead to major state companies coming under political control is unconstitutional.The court ruled Tuesday that an amendment to a law that would eliminate corporate governance in big state concerns was not...
EU,Romania,Corporate Governance
108
2018-39-13
Tuesday, 13 February 2018 11:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved