Romania and the EU

Latest business news about Romania and the European Union.

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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.

Romania's PM pledges to comply with EU report — 18 July 2012, 16:17 CET

Romania's Prime Minister Victor Ponta on Wednesday said he will draw the necessary conclusions from a EU report lashing Romania's respect for democratic values, saying the text was "balanced".

Brussels slams Romania for 'shaking our trust' — 18 July 2012, 18:03 CET

Brussels demanded further proof of Romania's commitment to democratic values and the rule of law Wednesday, saying recent actions by its new centre-left government "have shaken our trust."

EU delivers harsh verdict on Romania — 17 July 2012, 23:41 CET

The European Commission delivered a harsh verdict on Romania's respect for democratic values and threatened tighter policing to ensure respect for the rule of law, in a report seen by AFP on Tuesday.

EU urges Romania to 'urgently' answer judicial concerns — 16 July 2012, 18:36 CET

The European Commission urged Romania on Monday to quickly respond in writing to concerns about the state of rule of law in the country, saying "there is no time to lose."

IMF, EU delay assessment mission to Romania: PM — 16 July 2012, 11:42 CET

Romania on Monday said the IMF and the European Union have delayed an assessment mission to the end of July when a vote on the controversial impeachment of the president is over.

Berlin summons Romanian envoy over democracy fears — 12 July 2012, 17:32 CET

Germany summoned Romania's ambassador to Chancellor Angela Merkel's office on Thursday, her spokesman said, over fears democracy is under threat in the EU nation amid a constitutional crisis.

International Tax Guide Romania (Deloitte) — 12 July 2012, 12:42 CET

Country Business guide from Deloitte featuring information on Taxation in Romania.

Romania: country overview — 12 July 2012, 12:37 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.

US 'concerned' after Romania's president impeached — 07 July 2012, 02:27 CET

The United States expressed concern Friday over the impeachment of Romania's president by parliament, urging the European Union member state to ensure that the rule of law is respected.

Romanian ex-PM attempts suicide after court upheld jail-term — 21 June 2012, 10:45 CET

Romania's former prime minister Adrian Nastase attempted suicide Wednesday, hours after the Supreme Court threw out his appeal against a two-year jail sentence over corruption.

Romanian ex-PM's jail sentence upheld in landmark verdict — 21 June 2012, 18:15 CET

Romania's supreme court on Wednesday threw out an appeal by former prime minister Adrian Nastase against a two-year jail sentence in a graft trial closely monitored by the European Union.

Barroso, 15 member states plead against EU budget cuts — 01 June 2012, 18:42 CET

European Commission chief Jose Manuel Barroso and 15 of Europe's poorest nations pleaded Friday against limiting the 2013-2020 EU budget, saying more funds will spur growth and employment.

IMF urges new Romanian government to prudent fiscal policies — 09 May 2012, 12:02 CET

The International Monetary Fund on Wednesday called on Romania's new government to stick to cautious fiscal policies but gave its green light to a rise in public wages slashed by a quarter in 2010.

Turkey will not be deterred from EU bid: minister — 05 April 2012, 17:52 CET

Turkey's minister for European affairs insisted Thursday that Europeans would not deter his country from its decades-long bid to join the EU despite the obstacles on its path.

Romania wants EU summit on the rise of far right — 14 March 2012, 17:17 CET

Romanian Prime Minister Mihai Razvan Ungureanu called Wednesday for an extraordinary EU summit to answer the rising influence of far-right and anti-European parties in Europe.

Bulgaria holds out hope of entering visa-free Schengen zone — 02 March 2012, 18:07 CET

President Rosen Plevneliev said Friday that Bulgaria would continue to seek entry into the visa-free Schengen zone, after the decision was postponed until September.

Romania defends its stand on Serbia's EU bid — 02 March 2012, 17:57 CET

Romanian President Traian Basescu said Friday he did not seek confrontation when he demanded that a bilateral agreement on minorities' rights be signed before he could agree to Serbia's EU candidate status.

Romania stand on Serbia unfair: opposition — 01 March 2012, 16:22 CET

Romania's stalling of a deal to give Serbia official EU candidate status was unfair and it should instead help Belgrade meet European standards, the opposition leader said Thursday.

Romania sees some progress in the fight against graft — 28 February 2012, 11:52 CET

Romania has made some "breakthroughs" in its fight against corruption with ex-ministers sentenced to jail and a doubling of final convictions in high-level cases in 2011, experts told AFP.

Romania to hold off on ACTA ratification until EU ruling — 23 February 2012, 17:57 CET

Romania said Thursday it will refrain from ratifying the controversial anti-online piracy treaty ACTA until the European Court of Justice has ruled on it.

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.

IMF, EU trim Romania's growth forecast — 05 February 2012, 20:54 CET

The International Monetary Fund and the European Union on Sunday said they had trimmed Romania's 2012 growth forecast to 1.5-2.0 per cent, due to international economic turbulence.

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 February 2011, 15:36 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.