Romania has taken several steps to enhance its measures to counter money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction, including regarding targeted financial sanctions, but still needs to address several moderate shortcomings, concludes MONEYVAL in a follow-up report released Thursday. MONEYVAL finds that Romania has made limited progress in addressing technical compliance deficiencies affecting the application of Financial Action Task Force (FATF) recommendations on targeted financial sanctions, virtual assets and virtual assets service providers, and statistics. The report highlights that the progress made was not sufficient to upgrade the compliance ratings of the four recommendations concerned, which remain rated “partially compliant”. Out of the 40 FATF recommendations, Romania continues to be rated as compliant on seven recommendations, largely compliant on 18 recommendations and partially compliant on 15 recommendations. Romania will remain under MONEYVAL’s enhanced follow-up procedure. The country is expected to report back on its overall progress in strengthening its measures to counter money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction in May 2026.
The Romanian Ministry of Finance announced the sixth edition of the Fidelis government bond program for 2025, which will run from July 4 to July 11. This edition introduces a key novelty: for the first time, blood donors will be able to purchase bonds not only in local currency RON but also in euro. The […]
At the meeting held Monday, June 30, the Supreme Council of National Defense (CSAT), chaired by president Nicușor Dan, identified tax evasion as a major threat to the country's economic security. Moreover, the session addressed other topics of interest, such as Romania's military participation in international missions, developments in Ukraine, cyber threats, and infrastructure vulnerabilities […]
A new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]
Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds. Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]
The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics. Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]
Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]
