“Romania has achieved an important favorable outcome in an international arbitration held at the International Centre for Settlement of Investment Disputes in Washington, D.C., regarding the Casa Radio project in Bucharest,” reads the statement published Tuesday by Finance Minister Alexandru Nazare.
“Romania has won an international arbitration case with stakes exceeding 300 million euros. This is a significant correction of past errors, which puts the interests of the state and its citizens first,” Nazare added.
He specified that the amount at stake exceeded 300 million euros, with the possibility of damages exceeding 200 million euros, to which interest and arbitration costs would have been added.
Nazare also highlighted the role of the Ministry of Finance in this process, noting that the institution coordinated the financial aspects and supported the arguments regarding the impact on the state budget.
Furthermore, the minister pointed out that the same...

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