State companies will be required to participate in public auctions

The government approved a memorandum which includes a series of measures regarding companies with a full or majority state ownership, business-review.eu reports. In short, these companies will be required to participate in public auctions organised by publicly financed institutions and authorities. According to Finance minister Eugen Teodorovici, the memorandum will lead to “increased competitiveness of state-owned companies, through public acquisition ...

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