Romania Completes Legal Framework for Sovereign Wealth Fund Formation

Posted on 11/22/2018

The Romanian government’s Finance Minister, Eugen Teodorovici, announced that the country has completed the legal framework for the establishment of sovereign wealth funds for development and investment. At a press conference following the proceedings, Teodorovici noted that he anticipates the funds will “provide Romania with cost-effective and sustainable investments in development areas, or areas that […]