The European Commission decided on Thursday to initiate an infringement procedure by sending an official letter of formal notice to Romania and an additional letter of formal notice to Slovakia for incorrect transposition of the 4th and 5th Anti-Money Laundering Directive 2008/98/EC (4th and 5thAMLD), according to a statement issued by the EU executive.Romania and Slovakia have notified full transposition of the Directive. However, the Commission has identified several cases where the Directive has not been correctly transposed into national law. In the case of Romania, this failure affects, among other things, fundamental issues such as the existence of an effective penalty regime when incorrect data are entered in the national register of beneficial owners.Anti-money laundering regulations are essential in the fight against money laundering and terrorist financing. Legislative loopholes that occur in one Member State have an impact on the EU. EU rules should therefore be effectively implemented and supervised to fight crime and protect our financial system, says the European Commission.In the absence of satisfactory replies from Romania and Slovakia within two months, the Commission may decide to continue the infringement procedure and send a reasoned opinion.
The forecasts made by managers in the second half of 2024, as expressed in the CONFIDEX study, were more pessimistic than the actual economic reality of Romania. The onset of the year, however, marked by surprising events, international geo-political tensions, and the unpredictability of the upcoming presidential elections in Romania, may heighten the caution levels […]
Arval Romania has recently launched Arval Re-Lease, a new service dedicated to the local market focusing on the leasing of used vehicles that have completed an operational leasing contract. Arval Re-Lease is designed to meet the common needs of companies, offering comprehensive solutions to reduce costs associated with vehicle rental, insurance, and maintenance services. Arval […]
Bogdan Crețu’s novel Mai puțin decât dragostea/ Less Than Love is Romania’s nomination for this year’s European Union Prize for Literature (EUPL). The European Union Prize for Literature (EUPL) recognizes emerging fiction writers from the European Union and beyond. Each year, national juries choose their proposal in a rotating selection of countries participating in the […]
Interim president Ilie Bolojan is attending the European Council in Brussels on Thursday, March 6, to signal Romania’s position in favor of strengthening NATO's European pillar, supporting Ukraine, and increasing defense spending. He also met with several European leaders before the summit, including the next chancellor of Germany. European leaders met in Brussels to discuss […]
Russia carried out 34 hybrid attacks against Romania in 2024, according to a report presented in the Italian Parliament, based on information published by Romanian authorities regarding last year’s annulled presidential elections. On March 3, Italy’s ambassador to Bucharest, Alfred Maria Durande, announced that foreign forces were involved in the 2024 presidential elections in Romania....
Le Bistrot Français, part of the prestigious hospitality associations Relais & Châteaux, has started a collaboration with Chef Tom Meyer, one of the most appreciated French cooks, awarded by the Michelin guide and holding the title of Meilleur Ouvrier de France. Starting Monday, March 3, the restaurant’s menu will bear his signature, marking a special […]
