Romania's objective is to join the Organization for Economic Cooperation and Development (OECD) in 2026, the Secretary General of the Government, Mircea Abrudean, said on Saturday at the Forum of Small Towns in Romania.He emphasised that, after Romania's accession to the European Union and NATO, integration into the OECD is "the most important country objective," and, when our country will become a member of this organization, "small towns will be able to benefit directly from the expertise and know-how of cities from other member states" and "they will be able to take from the methods and solutions of innovative public services.""The greatest benefit of joining the OECD is represented by foreign direct investments. Any investor will have the guarantee of a performing economy and an administration at the highest standards of efficiency. You need investments the most, because they bring development, jobs of work and well-being," said Abrudean.On the other hand, he believes that "too little is said in Romania" about the subject of joining the OECD, even though it is about "an elite club of world economies.""We are talking about 38 countries, with the world's strongest economies, which, together, represent over 70% of global trade and services and over 90% of foreign direct investments. (...) To make a idea of what the credibility and guarantee of OECD standards means for investors, Romania officially opened the process of joining this forum in January 2022. The total of foreign direct investments in 2022 was almost 11 billion euros, a record figure, higher by two billion euros than in 2008, the historical year of reference until that moment, for foreign direct investments," added the Secretary General of the Government.
Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romania’s Ministry of Investments and European Projects will introduce an open data type of reporting, with all 17,000 projects included in the EU-funded Recovery and Resilience Plan, or PNRR. The projects will be placed in a database indexable by location, type of beneficiary, or type of intervention, according to minister Dragoș Pîslaru. "We are talking […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
