Romanian Prime Minister unveils strategy for managing state-owned enterprise administration
Romanian Prime Minister Ilie Bolojan, along with Deputy PM Dragos Anastatsiu, unveiled detailed corporate governance reforms for state-owned enterprises (SOEs) on July 22, 2025. These reforms, aimed at increasing transparency, improving management efficiency, and supporting fiscal consolidation, encompass several key measures.
Legislative Amendments
The government plans to adopt a memorandum initiating changes to existing SOE corporate governance laws. These amendments align with milestones under Romania’s National Recovery and Resilience Plan (PNRR) and aim to improve SOE management structures.
Transparency Enhancements
Starting July 23, 2025, the Agency for Monitoring the Performance of Public Enterprises (AMEPIP) will publish comprehensive datasets disclosing the identity of SOE managers, their remuneration, company performance indicators, and financial data. This aims to make SOE operations more open and accountable.
Streamlining Board Structures
The reforms will reduce the size of SOE boards of directors and introduce legislative limits on board member earnings. Additionally, new performance indicators will be established to evaluate board members better, improving accountability and efficiency.
Fiscal Sustainability
These governance reforms complement a broader fiscal corrective package designed to ensure long-term fiscal consolidation and sustainability by enhancing corporate oversight within SOEs.
Advisory Expert Group
The government has engaged a council of experts to provide non-executive, advisory guidance on best practices, including transparency, board selection criteria, performance metrics, independent audits, and optimization of unused assets.
The reform package is still in the legislative preparation phase, with the government expected to present draft legislation by the end of July 2025. The detailed implementation procedures and parliamentary considerations are yet to be finalized.
These reforms form part of a larger strategy also involving local administration restructuring and austerity measures addressing broader governance and fiscal challenges in Romania during 2025.
Minister of economy Radu Miruta stated that enforcing new performance indicators depends on each minister's commitment and use of legal provisions. The first step of the reforms is to ensure full transparency regarding the management of SOEs, with all data to be released by the agency AMEPIP on July 23.
[1] Romanian Government (2025). Corporate Governance Reforms in State-Owned Enterprises. [Online]. Available: https://www.gov.ro/corporate-governance-reforms-in-state-owned-enterprises
[2] European Commission (2025). National Recovery and Resilience Plan (PNRR) of Romania. [Online]. Available: https://ec.europa.eu/info/business-economy-euro/recovery-plan/recovery-and-resilience-facility/country-specific-reports/romania_en
[3] World Bank (2025). Romania: Overview. [Online]. Available: https://www.worldbank.org/en/country/romania/overview
[4] Parliament of Romania (2025). Agenda. [Online]. Available: https://www.camera-deputatelor.ro/agenda/
The Romanian government's corporate governance reforms for state-owned enterprises (SOEs), announced by Prime Minister Ilie Bolojan, extend into the realm of finance and business, as they aim to improve management structures and support fiscal consolidation. The reforms also have political implications, as they align with Romania’s National Recovery and Resilience Plan (PNRR) and aim to enhance SOE transparency.
In the arena of general news, the Agency for Monitoring the Performance of Public Enterprises (AMEPIP) will publish comprehensive datasets starting July 23, 2025, disclosing information about SOE managers, their remuneration, company performance indicators, and financial data, as part of the drive for more open and accountable SOE operations.
