Romania received the formal opinion of the Competition Committee of the Organization for Economic Cooperation and Development (OECD), after the completion of the relevant evaluation process, the Romanian competition authority announced in a release on Tuesday."The Competition Committee evaluated the authority's activities carried out between 2018 and 2022 and confirmed Romania's willingness and capacity to implement the legal instruments, policies, and practices of the Organization in the field of competition, as established in the Roadmap for Romania's accession to the OECD," the release states.The Competition Council leadership participated in June 2024 in talks on the evaluation report, with the OECD Competition Committee expressing its appreciation for the quality of Romania's presentation and the delegation's willingness to answer questions, the cited source emphasizes.The evaluation report includes a series of long-term recommendations regarding the appointment of the members of the Competition Council's plenum based on competence criteria and the determination of the level of fines as part of the guilty plea procedure. The authority is expected to present the status of these implementations in one year.During this process, the Competition Council benefited from the support and expertise of the Foreign Affairs Ministry. Also attending the discussions on the evaluation report were a Foreign Ministry delegation headed by Secretary of State Luca Niculescu, national coordinator for Romania's OECD accession process, and Adrian Vierita, ambassador in charge of Romania's OECD accession process.In 2014, the Romanian competition authority was granted the status of associate member in the OECD Competition Committee, making Romania the first non-OECD member state to benefit from this status.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
