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The Minister of Finance, Alexandru Nazare, announces that the selection process for the new leadership of the Investment and Development Bank (BID) will be open, competitive, and transparent, in line with national and European governance standards.

Ana Maria Eftene
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26 November 2025, 18:34
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Current Affairs
Foto: Facebook/ Alexandru Nazare
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According to Government Decision no. 1204/2022, the mandates of the members of the Supervisory Board and the Directorate of the Investment and Development Bank (BID) ended on November 23, 2025, and the institution entered a provisional period. The General Meeting of Shareholders approved a provisional composition of the Board, reducing the number of members from 7 to 5, to improve governance. The provisional members were authorized by the BNR and proposed a provisional executive management to ensure stability and continuity of operations. Despite the changes, the BID continues to operate normally, supporting SMEs and local authorities.

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Mediafax
Ministru: Procesul de selecție al conducerii BID va fi aliniat standardelor naționale și europene
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Financial Intelligence
Ministerul Finanţelor garantează continuitatea şi stabilitatea BID în perioada de provizorat a a structurilor de management
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Capital
Schimbări la Banca de Investiţii şi Dezvoltare. Nazare: Va fi un proces deschis; am redus numărul de membri, le-am diminuat indemnizațiile

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NEWS ON THE SAME TOPICS

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The Government allows the extension of provisional mandates at the helm of BID
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Alexandru Nazare received a favorable endorsement for the position of Minister of Finance, advocating for reducing the deficit and maintaining the country's rating
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Investment Bank Alexandru Nazare process selection

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