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.
Two people have lost their lives in the wildfires sweeping through multiple counties in Romania, the authorities announced. A 67-year-old woman in Maramureș county lost her life on March 7, while a 78-year-old man from Vâlcea county was found dead on March 9. In addition to the fatalities, two people have been injured, including a […]
The Sibiu-based company Con-A won, as the leader of an association, the tender for the construction of the RON 1.8 billion (EUR 360 million, VAT excluded) Craiova regional emergency hospital, Turnul Sfatului and Economedia.ro...
Two research and development projects, worth almost EUR 180 million, in the field of nuclear energy and artificial intelligence (AI), respectively, will be carried out in Romania, the Ministry of Investments and European Projects (MIPE) announced. The first project, called "4ALFRED - Research for Next Generation Reactors", has a value of over EUR 112 million […]
The completion of the 430 MW gas-fired power plant at Iernut by Spanish contractor Duro Felguera for Romgaz, expected for this summer, is at risk as the contractor faces insolvency and the payment of EUR 400 million fines related to a past contract in Algeria, according to
Top Metrology, a company specializing in metrology and trade in industrial and laboratory equipment, has launched the construction of a metal components factory for the aerospace industry. The project envisages RON 42.5 million (over EUR 8 million), out of which almost half is eligible for a state grant. It will be developed in the city […]
Romanian finance minister Tanczos Barna backed the central bank’s forecast, saying that the country’s inflation is on a downward trend and that “it will probably be 3.8% this year.” He said the average inflation would be 4.4% in 2025. The central bank envisages 3.8% yearend inflation, down from 5.1% y/y at the end of 2024. […]
