Italy's Ambassador in Bucharest, Alfredo M. Durante-Mangoni, said on Tuesday that there is an economic advantage to integrity, the rule of law and transparency.He spoke at the opening of "Italian Business Integrity Day" (IBID), an event organized by the Italian diplomatic mission in Bucharest.According to the ambassador, IBID is a courageous country brand initiative that highlights a new, innovative and sustainable business model.Durante-Mangoni stressed the importance of measures to prevent corruption and manage the risks of corruption. Anticorruption is an integral part of corporate governance, he added.Reputation is also a competitive advantage. Today, competition is based on sustainability standards. Sustainability includes integrity and anti-corruption measures, the ambassador said.He also pointed out the importance of cooperation between countries on these issues.The sharing of experiences is important, in the context in which both Romania and Italy face the challenge of the adequate and correct use of funds from the national recovery and resilience plans. It is important for Romania, with a view to joining the Organization for Economic Co-operation and Development, where anti-corruption and integrity standards play an important role, said Alfredo M. Durante-Mangoni.According to the Italian Embassy in Bucharest, the first edition of IBID in Romania aims to illustrate the best practices of Italian companies, the concrete experience of their organizational models for preventing corruption.Another goal is to emphasize that today, for a multinational society, integrity, corruption prevention and compliance have become essential components of its governance, part of its market strategy.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
