Romanian President Nicușor Dan has formally challenged the constitutionality of a recently adopted law restricting state asset sales. The law, passed by Parliament on June 8th, temporarily prohibits the sale of shares in state-owned companies until December 31, 2027. Dan’s challenge was submitted to the Constitutional Court, according to a Presidential Administration press release. The legislation was initiated by the Social Democratic Party (PSD) and aims to protect national economic interests. The President’s move suggests concerns about the law’s potential impact on investment and economic policy. The Constitutional Court will now review the law’s adherence to Romania’s constitution. A ruling could significantly alter the government’s ability to manage state-owned enterprises and attract foreign investment.
