Romania is supporting the efforts of the European Commission (EC) in the negotiation over the reformation of the World Trade Organisation (WTO), Stefan-Radu Oprea (photo L), Romania’s minister for the business environment, trade and entrepreneurship, told a formal meeting of the EU’s Foreign Affairs Council (Trade) in Brussels. According to a press statement released by the ministry, the meeting in Brussels aimed at exploring the latest developments in and future prospects of the multilateral or plurilateral trade negotiations conducted under the auspices of the WTO in the current difficult context marked by the crises facing the organisation and the trade tensions between certain WTO members. “Romania is supporting the European Commission’s efforts in the process of negotiating the reform of the WTO as an essential tool for free trade that generates development, sustainability and trust in international relations,” said Oprea. On the side-lines of the FAC-Trade meeting, Oprea had a series of meetings with counterparts from other member states to discuss topics of common interest from the perspective of the future Romanian presidency of the Council of the European Union in the first half of 2019. “In the same context of promoting multilateralism and strengthening trade relations globally, the trade ministers of the EU member states looked into the state of play in current trade negotiations between the EU and third countries and the implementation of already agreed agreements, based on the presentation of the European Commission’s annual report on the implementation of the free trade agreements for the period from January 1 to December 31, 2017 by Trade Commissioner Cecilia Malmstrom.” The meeting in Brussels also tackled EU-US trade relations, with emphasis on the implementation of the EU-US Joint Declaration adopted on July 25, 2018 by European Commission President Jean-Claude Juncker and US President Donald Trump.
The post Minister for the business environment, trade and entrepreneurship, Radu Stefan Orprea attends formal meeting of the EU’s Foreign Affairs Council (Trade) in Brussels: Romania voices support for European Commission’s stands on negotiations over WTO reform appeared first on Nine O' Clock.
A curated selection of critically acclaimed films by Romanian directors will be screened at the Ro-Mania Film Festival, set to take place in Berlin between June 20 and June 30. The festival will screen 43 films, including feature films, shorts, and documentaries, in a program that also covers concerts, workshops, debates, public readings, Q&As, and […]
More than 85% of Romanians believe the country will face economic difficulties in the near future, with concern particularly high among voters of the Alliance for the Union of Romanians (AUR) and adults aged 30 to 59, according to the latest INSCOP Research Barometer published on June 13 and consulted by Adevarul. ...
A limited agreement on the structure of the fiscal plan was reached among the four parties negotiating for a ruling majority in Romania, but there was little consensus on specific measures to support the plan on the revenue side, such as higher tax rates. The deadlock is total when it comes to the prime minister […]
The wage share in Romania (the share of the gross value added disbursed as total labour compensation) reached 45.6% in Romania in the 12 months to March 2025, according to data published by the statistics office INS. The dynamics of the wage share reflect how much the real wages have increased above labour productivity during […]
Bulgarian insurance company DallBogg will suspend its operations, including the issuance of mandatory motor third-party liability (RCA) policies, in Romania and other European markets starting July 1, 2025, due to unresolved claims and failure to meet obligations to policyholders, Romania's Financial Supervisory Authority (ASF) announced on June 13. DallBogg entered the Romanian RCA market in […]
If the competition authority approves the takeover, Romanian courier company Sameday will most likely become the market leader in terms of turnover in 2025 after the takeover of Cargus, according to calculations from Economedia.ro. ...
