Romanian Senate approves law banning listing of profitable state-owned companies for 2 years The Romanian Senate plenary adopted the draft law initiated by the Social Democratic Party on Monday, May 4, banning the sale of assets of profitable state-owned companies until the end of 2027. The project will need a final vote from the Chamber of Deputies before it becomes law. The Social Democratic Party submitted the project to ban the sale of minority share packages in state-owned companies as a reaction to a reform and privatization initiative put forward by the Liberal Ilie Bolojan government.  The plan, laid out by deputy prime minister Oana Gheorghiu in the latter part of last month, was the result of an analysis of 22 state-owned companies.

Romanian President Nicușor Dan announced consultations scheduled for Tuesday with independent deputies and senators not aligned with major parliamentary parties, seeking to determine what coalition majority they might support for a new government. The president declined to announce a prime minister nomination Monday evening or Tuesday.