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Romania and the EU

Latest business news about Romania and the European Union.

Cooperation and Verification Mechanism Reports on Bulgaria and Romania 17 November 2017, 12:01 CET
The European Commission issued today its latest reports on steps taken by Bulgaria and Romania to meet their commitments on judicial reform and the fight against corruption, and in the case of Bulgaria organised crime, in the context of the Cooperation and Verification Mechanism (CVM) set up when the countries joined the European Union in 2007.

More progress needed on Romania, Bulgaria reform 15 November 2017, 23:28 CET
Romania and Bulgaria have still more progress to make in judicial reform and the fight against corruption, according to the EU's latest Cooperation and Verification Mechanism Reports on the countries.

Bulgaria, Romania still have work to do on corruption 26 January 2017, 22:10 CET
The fight against corruption and organised crime in Romania and Bulgaria still has some way to go, the EU Commission said in a report on judicial reform and the fight against corruption in the countries.

EU antitrust regulators raid Romanian gas companies 09 June 2016, 00:39 CET
The Commission confirms its officials carried out unannounced inspections on 6 June at the premises of several companies active in the supply and transport of natural gas in Romania.

Progress in Romania under the Cooperation and Verification Mechanism - Commission report 27 January 2016, 16:33 CET
The European Commission issued on 27 January its latest report on steps taken by Romania on judicial reform and the fight against corruption, in the context of the Cooperation and Verification Mechanism (CVM).

Romania factfile 30 October 2014, 10:58 CET
Romania, which holds a presidential election on Sunday, returned to democracy in 1989 after toppling one of Eastern Europe's harshest communist dictatorships. It joined the European Union in 2007.

EU Strategy for the Danube Region 10 April 2013, 21:31 CET
The EU Strategy for the Danube Region (EUSDR) is a united response to challenges affecting an area which stretches from the Black Forest to the Black Sea, including over 100 million inhabitants. Many of the region’s problems know no borders: flooding, transport and energy links, environmental protection and challenges to security all demand a united approach. The 14 countries in the region, with the support of the European Commission, are cooperating to develop projects and actions that meet these challenges and build prosperity in the Danube region.

Key facts about Romania 05 December 2012, 10:28 CET
Romania, which votes Sunday to elect its 470-member parliament, is the European Union's newest member and also its second poorest country.

Report on Progress under the Co-operation and Verification Mechanism in Bulgaria 18 July 2012, 18:14 CET
The European Commission has adopted a report on progress made by under the Cooperation and Verification Mechanism (CVM). The report covers a period of five years since Bulgaria's accession to the EU in 2007 and presents the Commission's assessment of progress achieved in Bulgaria during this period in the area of judicial reform, the fight against corruption and the fight against organised crime. Its main conclusion is that deeper implementation of reforms is needed in order for the process to become irreversible.

Report on Progress under the Co-operation and Verification Mechanism in Romania 18 July 2012, 18:04 CET
Romania needs to ensure respect for the rule of law and judicial independence to win back the trust of its partners in the EU, says the report adopted by the European Commission today under the Cooperation and Verification Mechanism (CVM). The report covers a period of five years since Romania's accession to the EU in 2007 and presents the Commission's assessment of progress achieved in Romania during this period, focusing on judicial reform and the fight against corruption.

International Tax Guide Romania (Deloitte) 18 June 2015, 13:54 CET
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Romania Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.

Romania: country overview 30 January 2017, 00:03 CET
Romania, which joined the European Union on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The most important sectors of Romania’s economy in 2015 were industry (26.4 %), wholesale and retail trade, transport, accommodation and food services (17.9 %) and public administration, defence, education, human health and social work activities (11.7 %). Romania’s main export partners are Germany, Italy and France, while its main import partners are Germany, Italy and Hungary.

Interim Report on Progress under the Co-operation and Verification Mechanism in Romania 08 February 2012, 17:30 CET
When they joined the EU on 1 January 2007, Romania and Bulgaria still had progress to make in the fields of judicial reform, corruption and organised crime. To smooth the entry of both countries and at the same time safeguard the workings of its policies and institutions, the EU decided to establish a special "cooperation and verification mechanism" to help them address these outstanding shortcomings. In December 2006, the Commission set criteria ("benchmarks") for assessing progress made on these issues (consult the reports). The decision to continue assessing Bulgaria and Romania shows the EU's commitment to see the two countries develop the effective administrative and judicial systems they need to deliver on the obligations of membership as well as enjoying the benefits. Progress on judicial reform, corruption and organized crime will allow Bulgarians and Romanians to enjoy their full rights as EU citizens.

EC Report on the functioning of the Transitional Arrangements on Free Movement of workers from Bulgaria and Romania 14 November 2011, 15:52 CET
A new report published by the European Commission highlights the overall positive role that mobile workers from Bulgaria and Romania (EU-2) have played in receiving countries' economies. These workers have contributed to the skills mix as well as filling vacancies in sectors and jobs with labour shortages such as in construction and the domestic and food services sectors. Estimates also show a positive impact of the free movement of Romanian and Bulgarian workers on the EU's long-term GDP with an increase by about 0.3% for EU-27 (0.4% for eu-15). Studies show too that there has been no significant impact on unemployment or wages of local workers in receiving countries: in the EU-15 studies show wages are on average only 0.28% lower they would have been without mobility of the EU-2. The report also highlights that there is no evidence of a disproportionate use of benefits by intra-EU mobile EU citizens and that the impact of recent flows on national public finances is negligible or positive.

Commission report on transitional arrangements regarding free movement of workers from Bulgaria and Romania 14 November 2011, 15:48 CET
A new report published today by the European Commission highlights the overall positive role that mobile workers from Bulgaria and Romania (EU-2) have played in receiving countries' economies.

Reports on progress in Bulgaria and Romania 18 July 2012, 17:11 CET
The Commission reports under the Cooperation and Verification Mechanism every 6 months on progress with judicial reform, the fight against corruption and, concerning Bulgaria, the fight against organised crime.

Reports on progress in Bulgaria and Romania 17 November 2017, 12:06 CET
The reports assess progress under the Cooperation and Verification Mechanism, with judicial reform, the fight against corruption and, concerning Bulgaria, the fight against organised crime.

European Commission Mechanism for Cooperation and Verification for Bulgaria and Romania 20 July 2010, 15:30 CET
The Commission reports under the Cooperation and Verification Mechanism every 6 months on progress with judicial reform, the fight against corruption and, concerning Bulgaria, the fight against organised crime.

Bulgaria and Romania move a step closer to Schengen area 10 June 2010, 23:33 CET
Bulgaria and Romania have moved a step closer to having their border checks with the borderless Schengen area lifted. An EU Council decision that both comply with data security requirements for joining the "Schengen Information System" border control database was approved by the European Parliament's Civil Liberties Committee on Thursday.

Report on Progress under the Co-operation and Verification Mechanism in Romania - March 2010 - briefing 23 March 2010, 17:01 CET
When they joined the EU on 1 January 2007, Romania and Bulgaria still had progress to make in the fields of judicial reform, corruption and organised crime. To smooth the entry of both countries and at the same time safeguard the workings of its policies and institutions, the EU decided to establish a special "cooperation and verification mechanism" to help them address these outstanding shortcomings. In December 2006, the Commission set criteria ("benchmarks") for assessing progress made on these issues. The first set of progress reports was published in June 2007, the second set on 4 February 2008, the third on 23 July 2008, the fourth on 12 February 2009, the fifth on 22 July 2009 and the sixth on 23 March 2010 (consult the reports). The decision to continue assessing Bulgaria and Romania shows the EU's commitment to see the two countries develop the effective administrative and judicial systems they need to deliver on the obligations of membership as well as enjoying the benefits.

Commission assessment on Romania 08 February 2010, 19:45 CET
European Commission assessment in relation to the Commission Recommendation for a Council recommendation to end the excessive deficit situation - the Commission concludes that Romania has taken effective action to correct its budget deficit and proposes to extend deadline to 2012.

Representation of the European Commission in Romania 04 November 2009, 19:18 CET
Contacts of the European Commission representation in Romania.

Romania: Economy Overview 04 November 2009, 19:18 CET
Romania, which joined the European Union on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets.

Romania Investment Climate 2009 04 November 2009, 19:18 CET
Romania actively seeks direct foreign investment. The Agency for Foreign Investment (ARIS), created in 2004, is designed to advertise the country as a good investment destination and to improve aspects of the business climate.

Starting a business in Romania 13 July 2012, 13:25 CET
An overview of the process of starting a new business in Romania.