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April 21, 2021

Will Trade Registry shift under CCIR?

The Chamber of Commerce and Industry of Romania (CCIR), to which the Trade Registry may become subordinated, has 4,000 members out of a total of one million active companies, ‘Cotidianul’ informs. According to Constitution, the public assets, among which also those of the National Office of Trade Registry (ONRC), cannot go into the patrimony of a private entity, like CCIR. The Registry is an institution of national interest, its existence and functions are mentioned also in the documents signed by Romania with EU, while the Chamber of Commerce is only a non governmental organization on which the state does not exert any control or a minimum one. “The goods belonging to the state and managed by ONRC and the goods of this institution acquired from public funds cannot go into the patrimony of a private entity, through the transformation of the state into an institution,” the Legal Commission of Senate said.

CCIR, institution that should represent entirely and faithfully the interests of the business circles, has as many as 4,000 members, meaning 0.4 per cent of the total of one million active business operators from Romania. ONRC’s shifting in the subordination of CCIR would be disliked also by EU, shows a document drafted by ONRC. Through Directive 61/151/CEE, institutions such as the central Trade Registry should go to the state, not to private entities.

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