Romanian government abolishes cost standards for publicly-funded investments

Newsroom 20/09/2018 | 14:32

The Government has repealed, through an emergency ordinance published today in the Official Gazette, the cost standards for publicly funded investment objectives, arguing that the standards are not objective and cannot cover all categories of works.

As a result, standards for budget-funded investments will be determined by the main authorizing officers who will take responsibility, and for EU-funded projects the standards will be set by the authorities that manage the various programs.

Any provision in investment-related regulatory acts falling under this article will be repealed. Cost standards, drafted by ministries and approved or amended by Government Decision, were also repealed.

At the same time, the government said, cost standards were calculated for prices at the January 2010 level. However, according to information provided by the INS, between January 2010 and June 2018 the consumer price index increased by 22.69 percent and the price gap wasn’t covered.

Finally, regarding EU-funded investment projects, the impact of the repeal of the normative acts on their development, depending on the stage of accessing the European funds, is to be established by the Managing Authorities, by revising the Guidelines of the applicant within 30 days from the publication of the ordinance.

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