Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CDR expresses its concern about the lack of...

CDR expresses its concern about the lack of trust that Romania accumulates towards the European institutions: Trust is a key factor in continuing to attract investments

November 16, 2018

Following the publication of the European Commission’s report on Romania’s progress under the Cooperation and Verification Mechanism, the Coalition for Romania’s Development (Coalitia pentru Dezvoltarea Romaniei–CDR) expresses its concern about the lack of trust that Romania accumulates towards the European institutions. Romania’s activity is directly affected by this regress, in the circumstances in which the trust in the judiciary mechanisms, in the principles of the rule of law and in the European values are essential criteria in deciding to develop new investments. For the companies operating in Romania, Europe is a stability and growth factor, which is why they will directly benefit from the quick restoration of an efficient and reliable dialogue between the Romanian and European authorities. The economic growth registered in the recent years is a benefit that is eroded by structural factors such as the lack of labor force, the lack of predictability in making reforms, the regress of the international competitiveness indexes. At the dawn of the first Romanian Presidency of the Council of the European Union, we appreciate that it is highly important that the institutions of the Romanian state will project a credible image that will increase the capital of trust towards the economic opportunities of the Romanian market, being a source of predictability for the future investments. Also, European Union is a source of stable financing of the public and private development projects that contribute to the economic and social convergence, along with the increase in the domestic productivity and the living standard. Romania’s adhesion to the European Union also aimed at adopting the practices of the solid democracies and European recommendations, which have been, until today, a source of strengthening and development. Consequently, we ask the Government that the Commission’s recommendations mentioned in the CVM report will be constructively assumed by the Romanian state to quickly regain the trust of our partners, and as a first step in building trust at local and international level.  

The post CDR expresses its concern about the lack of trust that Romania accumulates towards the European institutions: Trust is a key factor in continuing to attract investments appeared first on Nine O' Clock.

Read in full - click here
Why Romania is the Next Big Hub for U.S. Retirees in Europe

If you’re a retiree from the United States or Canada looking for a place to spend your golden years, it’s time to turn your attention to an unexpected European gem: Romania. Often overlooked in favor of more well-known destinations like Spain or Portugal, Romania is quickly rising as the next big hub for U.S. retirees […]

Romanian tech company Life is Hard signs RON 4 mln contract with Cluj County Council for single desk app

Romanian digital solutions provider Life is Hard, in collaboration with Cloud Soft, Nordlogic Software, and EfectRO, recently signed a new contract with Cluj County Council to develop the Single Desk - Ghiseul Unic application. The contract is valued at RON 4 million (EUR 800,000) and will span three years. Its aim is to further the […]

EURO-GCC Economic Initiative: Strategic Business Opportunities Between Europe and GCC Countries

In a global context marked by economic interdependence and complexity, the EURO-GCC Economic Initiative is establishing itself as a strategic collaboration platform between European countries, including Romania, and the member states of the Gulf Cooperation Council (GCC). Launched in support of companies from both regions, the initiative aims to maximize business and investment potential through the development […]

Major sheep breeder in Romania detained for EU subsidies scheme

A major sheep breeder in Romania and the president of the “Dacia” Sheep Breeders Association, Dumitru Andreșoi, has been placed in detention for 30 days in a case led by the European Public Prosecutor’s Office (EPPO) for illegally obtained EU subsidies.  Prosecutors say that  Andreșoi “set up a criminal scheme to obtain EU subsidies for […]

Romanian influencers, manele singers promote pro-Russian Moldovan candidate

A campaign to promote the pro-Russian candidate Alexandr Stoianoglo, currently running for the presidency of the Republic of Moldova, has started in Romania on TikTok through several well-known influencers and manele singers.  The videos in question follow a similar format and started being posted earlier this week by influencers with over a million followers on […]

Romanian OVES Enterprise and Norway’s Kongsberg Defence & Aerospace explore potential partnership for AI solution

Romanian software development company OVES Enterprise said it is exploring a potential strategic partnership with Kongsberg Defence & Aerospace (KDA), one of the international leaders in defence solutions, aiming to integrate its Nemesis AI solution into the defence solutions developed by Kongsberg.  OVES Enterprise hosted this week a delegation from KDA, Norway’s primary provider of […]