Romania received the formal opinion of the Competition Committee of the Organization for Economic Cooperation and Development (OECD), after the completion of the relevant evaluation process, the Romanian competition authority announced in a release on Tuesday."The Competition Committee evaluated the authority's activities carried out between 2018 and 2022 and confirmed Romania's willingness and capacity to implement the legal instruments, policies, and practices of the Organization in the field of competition, as established in the Roadmap for Romania's accession to the OECD," the release states.The Competition Council leadership participated in June 2024 in talks on the evaluation report, with the OECD Competition Committee expressing its appreciation for the quality of Romania's presentation and the delegation's willingness to answer questions, the cited source emphasizes.The evaluation report includes a series of long-term recommendations regarding the appointment of the members of the Competition Council's plenum based on competence criteria and the determination of the level of fines as part of the guilty plea procedure. The authority is expected to present the status of these implementations in one year.During this process, the Competition Council benefited from the support and expertise of the Foreign Affairs Ministry. Also attending the discussions on the evaluation report were a Foreign Ministry delegation headed by Secretary of State Luca Niculescu, national coordinator for Romania's OECD accession process, and Adrian Vierita, ambassador in charge of Romania's OECD accession process.In 2014, the Romanian competition authority was granted the status of associate member in the OECD Competition Committee, making Romania the first non-OECD member state to benefit from this status.
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
