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.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
