Romania and the EU

Latest business news about Romania and the European Union.

Bulgaria and Romania join border-free Schengen area — 03 April 2024, 00:33 CET

Rules of the border-free Schengen zone applied to Bulgaria and Romania from 31 March, including on issuing Schengen visas and lifting controls at internal air and sea borders.

Bulgaria, Romania to join Schengen area through air and sea — 02 January 2024, 22:05 CET

EU member states reached agreement Saturday for Bulgaria and Romania to join the Schengen border-free area with a first removal of air and maritime internal border controls.

EU ends transitional measures for Bulgaria, Romania — 18 September 2023, 17:43 CET

The EU Commission formally recognised 'important reforms' made by Bulgaria and Romania Friday, as it put an end to transitional measures introduced as part of their accession to the EU in 2007.

EU Commission closes Cooperation & Verification Mechanism (CVM) for Bulgaria and Romania - guide — 15 September 2023, 18:04 CET

The European Commission on 15 September formally closed the Cooperation and Verification Mechanism (CVM) for Bulgaria and Romania.

Euro candidates still to meet EU convergence demands — 11 June 2020, 23:00 CET

The European Commission published the 2020 convergence report Wednesday, in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro.

EU tells Romania to recover EUR 570m 'incompatible aid' from rail freight operator CFR Marfa — 26 February 2020, 18:17 CET

Rail freight operator CFR Marfa received at least EUR 570m 'incompatible state aid' from Romania through debt write-off and failure to collect debts from the company, the EU Commission said Monday.

EU raises concerns over rule of law in Romania — 24 October 2019, 00:21 CET

Romanian authorities have backtracked in relation to developments on judicial reforms and the fight against corruption, the EU Commission reported Tuesday, while Bulgaria is meeting accession commitments.

Cooperation and Verification Mechanism Reports for Bulgaria and Romania — 22 October 2019, 23:48 CET

The European Commission adopted on 22 October its latest Cooperation and Verification Mechanism (CVM) Reports on steps taken by Romania and Bulgaria to meet their post-accession commitments on judicial reform and the fight against corruption, and in the case of Bulgaria on tackling organised crime.

Brexit heads major challenges for EU's new Romanian presidency — 03 January 2019, 00:13 CET

Major challenges of Brexit, the EU's future Budget and the upcoming European elections faced Romania on 1 January 2019 as it took over its first presidency of the European Union.

Bulgaria and Romania Cooperation and Verification Mechanism Reports 2018 — 14 November 2018, 00:03 CET

The European Commission issued on 13 November 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).

Bulgaria makes progress, Romania backtracks on judicial reform, corruption — 14 November 2018, 18:31 CET

Bulgaria has made good progress in fighting corruption and organised crime, but Romania has gone backwards, particularly with regard to judicial reform, the EU said in its annual review published Tuesday.

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.