Letter of expectations setting out the wishes of the majority shareholder – the Romanian State, through the Ministry of Economy, Entrepreneurship and Tourism, regarding the performance of the Carfil S.A. company. and of the administration and management bodies for a period of 4 years.
Romania’s modernization with the help of the Recovery and Resilience Mechanism (RMR) is a historic opportunity, a national project that brings the necessary reforms for the real development of a European country in the green and digital era. Romania’s National Recovery and Resilience Plan (PNRR) is designed to ensure an optimal balance between the European Union’s priorities and Romania’s development needs. The general objective of the PNRR of Romania is the development of Romania by carrying out essential programs and projects, which support resilience, the level of preparedness for crisis situations, the capacity to adapt and the potential for growth, through major reforms and key investments with funds from the Recovery and Resilience Mechanism. The specific objective of the PNRR is correlated with that of the mechanism, detailed in the Regulation, namely to attract the funds made available by the EU through NextGeneration EU in order to achieve milestones and targets in terms of reforms and investments.
The Romanian State, through the Ministry of Economy, Entrepreneurship and Tourism, as the majority shareholder of the company CARFIL SA, has drawn up this letter that sets the expectations regarding the performance of the company and its administrative and management bodies, for a period of 4 years.
The Romanian State, through the Ministry of Economy, Entrepreneurship and Tourism, wants a continuous improvement of the performance and governance of the public enterprises in its portfolio as well as the creation of a cooperative relationship based on mutual trust, respecting the principles of transparency, responsibility, economic efficiency and profitability of society.
This document was developed based on the provisions of the Government Emergency Ordinance no. 109/2011 (EOG no. 109/2011) on the corporate governance of public enterprises, amended and approved by Law no. 111/2016, of the Methodological Norms for the application of GEO no. 109/2011, with subsequent amendments and additions, approved by Government Decision no. 722 /2016 (HG no. 722 /2016) and represents the wishes of the majority shareholder, the Ministry of Economy, Entrepreneurship and Tourism, regarding the evolution of the CARFIL SA company in the next 4 years.
