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May 14, 2021

Vlasov – fourth attempt to subordinate Trade Register

The President of the Chamber of Commerce and Industry of Romania (CCIR), Mihail Vlasov, is trying a forth time to subordinate the National Trade Register Office (by removing it from the Ministry of Justice), with the help of Justice Minister Mona Pivniceru. According to ‘Kamikaze’, the two are very close and their relationship might be decisive for this latest attempt of Vlasov’s. The stake of the move is represented by the over EUR 60 M yearly revenue as well as the assets of the Register, evaluated at over EUR 10 M. Six MPs have prepared a legislative initiative and tabled it in the Senate, HotNews.ro informs. Vlasov has been recently challenged by an important share of County Chambers of Commerce recently, who addressed to DNA a few days ago, asking for an investigation against the CCIR head for abuse of office in connection with the management of the assets of the Chamber of Commerce and Industry of Romania. Vlasov is accused of having spent more than EUR 1.3 M above the ceiling amount approved by the General Shareholders Assembly, while CCIR had reported loss in 2011.  According to the proposed draft law, the activities of keeping registers, entering and releasing information will be governed by rules to be determined by ONRC and approved by the CCIR Board. Under article 13, Vlasov gains the right of appointing both the ONRC general manager and his two deputies, while under article 23 no less than 90 per cent of ONRC and its local structures’ revenue will be redistributed based on criteria to be set by the CCIR Board.

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