Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Commissioner Oettinger in Bucharest: Rule of law is...

Commissioner Oettinger in Bucharest: Rule of law is an important value of the EU, we are expecting successful presidency of Romania of EU Council

October 31, 2018

European Commissioner Gunther Oettinger said on Tuesday that the rule of law is an important value of the European Union, showing that it expects Romania to have a successful presidency of the Council of the EU. Generally, the rule of law is an important value of the European Union. Therefore, beyond the independence of lawyers and courts and the number of judges who are independent of governments, the rule of law is the key, and we need to check what we do in several member states, such as Poland. If something goes wrong we can either accept the reform or not. We, the European Commission, must be objective and equitable. Romania is an important country, an important member of the EU and has an impressive development of the economy (…) and we expect a presidency [of the Council of the European Union, ed.n.] that will be a success for Romania and the Union as of January next year, Oettinger said after attending the conference “The Road to Sibiu – A Step Closer” in Bucharest by the European Commission Representation in Romania. He was asked if he is sure of Romania’s success at the presidency of the EU Council in the context of discussions about assuming this role. We are not part of these debates, we have to be objective and neutral, we have to understand, to analyze and if something goes wrong, then we have to address ourselves as my colleague Timmermans and the Commission did and do it in Poland and in Hungary. (…) I am sure that your Government and President are ready to take over the presidency [of the Council of the European Union, ed.n.] and to play an important and successful role, the European Commissioner for Budget and Human Resources affirmed.   Oettinger says he wants to contribute, in Brussels, to promoting Romania’s accession to Schengen   The high EC official also stated on Tuesday in Bucharest that we wants to contribute in Brussels to the promotion of Romania’s accession to Schengen and underscored that free movement is one of the European values. The European official said free movement should always be taken into account, adding that the biggest progress Europe made is cross-border movement, which is precisely the reason why he wants to contribute to promoting Romania’s accession to Schengen, in order for Romania to reach the level of joining Schengen, so that either at the airport or on the roads to no longer be different models or intensity of border control. He talked about the efforts that the European Union is making for economic development. He went on saying that the infrastructure must be further optimised cross-border, in order to have an adequate internal EU market where free movement exists. He stressed the needed for infrastructure, as well as the need for an advanced digital fiber optic infrastructure and 5G. EU Commissioner Oettinger attended the “European elections and Brexit 2019: Consequences for the EU and the EU budget” conference, organised by the Representation of Konrad Adenauer Foundation in Romania.

Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]

Romania draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...

InterCapital launches two new ETFs on the Bucharest Stock Exchange

InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries.  The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]