Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. PM Ciuca: OECD accession - opportunity to implement...

PM Ciuca: OECD accession - opportunity to implement best practices and standards

May 26, 2022

The process of joining the Organization for Economic Cooperation and Development (OECD) is an opportunity to implement best practices and standards, Romania's goal being to provide citizens with all the economic and political benefits deriving from the status of member state of this organization, Prime Minister Nicolae Ciuca said on Thursday.The Prime Minister chaired on Thursday, as national coordinator, a new meeting of the Interministerial Committee for the coordination of Romania's relations with the Organization for Economic Cooperation and Development, this being the second held after the invitation addressed to our country, in January, to start negotiations for the accession to this inter-governmental forum, informs an Executive's release.The meeting assessed the situation of targets included in the first part of the Roadmap transmitted to Romania, in the perspective of the annual OECD Ministerial Conference, scheduled for June 9-10, in Paris, when the approval of the projects of the Roadmaps of all countries invited to join the Organization is stipulated for, the quoted source also mentions."The accession process is an opportunity to implement the best practices and standards of the Organization for Economic Cooperation and Development. Our goal as a country is to provide our citizens with all the economic and political benefits that flow from the Member State, together with states holding more than 70% of global production and trade and 90% of global foreign direct investment," the PM said.According to the Executive, the elements of the initial roadmap for Romania include: the establishment and functionality of the legal framework for the application of the Anti-Bribe Convention and the related implementation program (under the responsibility of the Ministry of Justice), the Codes for Liberalization of capital flows and invisible operations (under the responsibility of Ministry of Finance) and corporate governance of state-owned enterprises (under the responsibility of Ministry of Finance, with a large participation of many ministries that have in their subordination such enterprises and which have to implement this legislation).Another topic discussed was the participation of Romanian representatives in meetings organized by the OECD.In this context, PM Ciuca underlined the importance of the way in which the representation of the Romanian side is prepared, considering that it is a very technical process and that this participation is evaluated as a criterion for interest and admission.The members of the Interministerial Committee decided to set up a task force at the Government level, in order to be able to manage and integrate these negotiations, which are extremely technical.The accession to the OECD is a strategic objective of Romania's foreign policy, included in the Government Program, the Executive also shows.The Organization for Economic Cooperation and Development was established in 1961 and is an inter-governmental forum dedicated to identifying, disseminating and evaluating the implementation of appropriate public policies to ensure sustainable economic growth and social stability. The OECD has 38 members, most of them Europeans (23), developed countries, holding more than 70% of global production and trade and 90% of the world's foreign direct investment, the quoted source said.   

Read in full - click here
Romanian retail investors’ interest shifts to long-term, euro-denominated state debt

Romanians purchased RON 1.49 billion (nearly EUR 300 million) under the last Fidelis issue this year, organised by the Treasury in December, with over two-thirds of the money being placed in euro-denominated debt and more than one-third of the total being placed in long-term 10-year euro-denominated debt with a 6.2% coupon attached, according to data […]

Romania plans 380 hectares of forest shelterbelts as desertification advances in the south, minister says

Environment minister Diana Buzoianu announced that the ministry she leads has launched the procedures for a feasibility study aimed at planting 380 hectares of forest shelterbelts in southern Romania, a region increasingly affected by desertification. According to the announcement, the project would result in more than 126 kilometers of tree lines planted along national roads. […]

Romanian president says Russia will remain a threat, Europe must strengthen defense

Romanian president Nicușor Dan said Russia will remain a security threat to Europe even if the war in Ukraine ends in a peace agreement. Speaking after the Eastern Flank Summit in Helsinki, he stressed that European countries must stay calm but strengthen their defense capabilities through increased investment and closer coordination within NATO and the […]

Literary map: Project showcasing places featured in fiction to expand from Bucharest to Braşov, Iaşi

Harta Literară (The Literary Map), a project highlighting real-world places featured in fiction works, will expand next year from Bucharest to Braşov and Iaşi after receiving funding from Romania's National Culture Fund (AFCN). Bucharest was the first city covered by the map, with more than 300 documented places, and 600 highlighted connections to classic and […]

From Bucharest to the World: How Verita International School Opens Pathways to Oxford, Cambridge and the Ivy League

As global competition for university places continues to rise, families are increasingly seeking schools that not only deliver strong academics but also provide the networks, counselling, and preparation needed for the world’s most selective universities. Through its partnership with Dukes Education, Verita International School has become one of Romania’s strongest pathways to top global universities, […]

Save now, relax carefree in summer: The PLUS Deposit over 7 months with special interest rates from Exim Banca Românească

Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]