Romania has taken several steps to enhance its measures to counter money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction, including regarding targeted financial sanctions, but still needs to address several moderate shortcomings, concludes MONEYVAL in a follow-up report released Thursday. MONEYVAL finds that Romania has made limited progress in addressing technical compliance deficiencies affecting the application of Financial Action Task Force (FATF) recommendations on targeted financial sanctions, virtual assets and virtual assets service providers, and statistics. The report highlights that the progress made was not sufficient to upgrade the compliance ratings of the four recommendations concerned, which remain rated “partially compliant”. Out of the 40 FATF recommendations, Romania continues to be rated as compliant on seven recommendations, largely compliant on 18 recommendations and partially compliant on 15 recommendations. Romania will remain under MONEYVAL’s enhanced follow-up procedure. The country is expected to report back on its overall progress in strengthening its measures to counter money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction in May 2026.
The imported celebration is creeping up fast, and various events promise a scare-filled schedule for all ages. A selection of what is happening in Bucharest and in the country below. In Bucharest: Titan Pumpkin Fest October 17 - October 19 Visitors are invited to explore four themed areas: a creative workshop space, a performance stage, […]
North Bucharest Investments anticipates a surge in international interest in the local real estate market following the launch of the Romanian Golden Visa program — a modern mechanism granting foreign investors a 5-year residence permit and the possibility to later apply for Romanian citizenship. The program, which allows eligible investments starting from €400,000 in real […]
Between October 21-25, Bucharest hosts the Climate Change Summit, the most important event in Central and Eastern Europe dedicated to climate action. The main event will take place on October 21 at the Palace of Parliament, featuring the participation of international leaders, decision-makers, and sustainability experts. CCS Week includes...
The works of several Romanian designers and artists will be on display at the Hôtel de Béhague in Paris, the headquarters of the Romanian Embassy, as part of the exhibition Valuable. The Romanian artists and designers included in the exhibition are Radu Abraham, Mircea Cantor, Bogdan Ciocodeică, Constantin Flondor, Cosmin Florea, Nona Inescu, Șerban Ionescu, […]
SCUT, Romania’s newest cybersecurity company, has officially launched the concept of the digital cyber shield — a unified approach, co-created with Orange Cyberdefense — that provides a high level of protection, complete visibility, and coordinated assistance in the event of a cyberattack. The event, organized in Bucharest, brought together industry experts, partners of the new […]
The Romanian engineering and technology company Simtel (BVB: SMTL) announced on Tuesday, October 14, that one of its companies will open a factory in Băicoi, Prahova, to produce industrial cleaning robots. Simtel has a 51% stake in Agora Robotics, the company that will operate the factory set to open in November. “We already have a […]
