Court of Auditors

Appeals delay major public projects

Appeals by residents or local government bodies (or both), disputes between companies, and service delays in the delivery of required spaces for the establishment of construction sites - e.g. due to the need for expropriations - are just a few examples of the issues that continue to derail the timetables of most of the country's major projects.

Major risk that €65 mln in subsidies could go to waste

Authorities are scrambling not to lose European funding of the public-private partnership (PPP) for waste management in the Peloponnese region.

A few days ago the major project, which had been rejected in 2020, was resubmitted, with the Jaspers technical support team estimating that almost all of key issues have been addressed.

TAIPED concedes 67% stake in Igoumenitsa Port

State asset utilization fund TAIPED on Tuesday announced the signing of the share purchase agreement for the concession of a majority stake of 67% in the Igoumenitsa Port Authority's share capital for a total price of 84.17 million euros to the joint venture consisting of the companies Grimaldi Euromed SpA-Minoan Lines SA-Investment Construction Commercial and Industrial SA.

Spinalonga to light up in 2024

After twenty years of adventures, the process of approvals and licenses began so that the construction of the Spinalonga electricity project can start. A few days ago, the municipal council of Agios Nikolaos, Crete approved the project as well as the terms of the relevant contract with HEDNO, the operator of electricity transmission networks.

Retroactive pensions – Today the decision for 300,000 public sector retirees

Today, Wednesday, September 15, the major Plenary Session of the Court of Auditors is meeting for the retroactive funds owed to 300,000 state pensioners, amounting to 1.5-2 billion euros.

It is clear that this development is creating fiscal headaches for the government, which has not yet been able to repay its previous debts.

Danish Embassy, Romanian Court of Accounts sign trailblazing memorandum on public service digitization

President of the Romanian Court of Accounts, Mihai Busuioc, and ambassador of the Kingdom of Denmark to Romania, Soren Jensen signed today in Bucharest a Memorandum of Understanding on identifying digital solutions to the supreme audit institution's needs related to its external public audit activity.

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