„Romania is “on time” in the process of joining the Organisation for Economic Co-operation and Development (OECD). Now we are in the stage in which hearings have already started”, said Luca Niculescu, the national coordinator for Romania's accession to OECD on Thursday. “In June 2022, OECD sent us a road map with all stages to be fulfilled for accession. We answered immediately, that is a few months later, in an initial memorandum, a document of 1,000 pages for which all institutions in Romania worked. We presented our estimates for adopting OECD practices, pricedures, and standards which we sent on December 15, 2022. All 26 committees sent a lot of questions, over 10,000 and hundreds of questionnaires. Until now we received 36 evaluation missions from committees ad many auditings. We are now in the stage when hearings, even final hearings in Paris have started”, said Niculescu at the AAFBR conference. He declared that Romania applied for OECD accession in 2004 when Adrian Nastase was premier. Luca Niculescu referred to an interview granted by the US ambassador to Romania to the local press in which he said that Romania was the most advanced of the 7 candidate countries to OECD. He also pointed out that there was a target set by the premier for Romania's accession in 2026. The Association of Financial-Banking Analysts from Romania (AAFBR) organized on Thursday ïts annual conference “Romania's path to excellence by joining the OECD elite”, an event that reached the 16th edition. The 2024 AAFBR conference was devoted to the process of Romania's accession to OECD.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
