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December 9, 2022

Green light to draft law on financial crisis and insolvency

The senators on Tuesday gave the green light to the draft law on approving Government emergency ordinance No 46/2013 on the financial crisis and the insolvency of the administrative and territorial units. According to the exposition, the Government took the responsibility – before the International Monetary Fund, the European Commission and the World Bank – of adopting the draft law. The above-mentioned norm-setting document supplements a wide range of reforms of the financial policies of the administrative and territorial units and aims to strengthen their financial situation and to support the economic and financial discipline.

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