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.
Low-cost carrier Wizz Air has kicked off the 2025–2026 winter season with its most extensive network expansion of the year, introducing 25 new routes from six Romanian airports. Between October 26 and 29, the airline said it is launching flights from Bucharest, Cluj-Napoca, Craiova, Iași, Brașov, and Sibiu to destinations across 17 countries. From Bucharest […]
President Nicușor Dan said he can “state 100% that the important part of Călin Georgescu’s campaign was directed from Moscow.” The comment refers to Romania’s cancelled December 2024 presidential elections, when Georgescu came in first place during the first round. During an interview given on Tuesday, October 28, to Cotidianul.ro,...
EuPlătesc, one of Romania's leading payment processors, has announced that starting in August 2025, its online payment and collection processing services will be exempt from VAT, a measure that can bring direct savings up to 21% for retailers. This benefit becomes even more important right before Black Friday campaigns, when transaction volumes and operating costs […]
The latest study conducted by Coface Romania shows that in the first 8 months of this year, 4,561 new insolvency proceedings were opened compared to 4,657 in the same period from 2024. Refused payment instruments continued to increase in the first eight months of 2025 by 10% in number and 21% in value compared to […]
Romania fell two places in the 2025 edition of the World Justice Project (WJP) Rule of Law Index, ranking 44th out of 143 countries and jurisdictions evaluated worldwide. This year's top-ranked countries are Denmark, Norway, and Finland. Romania's overall rule of law score decreased 1.2% in this year's ranking, according to the same report. Regionally, Romania […]
The United States will pull back some of its troops stationed in Romania, according to an announcement confirmed by Romanian authorities on Wednesday, October 29. According to the Defense Ministry (MApN), Romania and NATO allied countries have been informed of the US decision regarding the “resizing” of American troops in Europe. However, the troop movements are […]
