Romania obtained today the adoption of the Formal Opinion in the Committee on Fiscal Affairs of the Organization for Economic Cooperation and Development (OECD), a strong signal of confidence for investors and external economic partners and a step that brings us closer to joining the OECD, says the Minister of Finance, Alexandru Nazare.
"Romania today obtained the adoption of the Formal Opinion in the Committee on Fiscal Affairs of the Organization for Economic Cooperation and Development (OECD) - one of the most demanding stages in the process of joining the Organization. This decision confirms the alignment of fiscal policies, the legislative framework and administrative practices with international standards and represents a clear validation of the implemented reforms. It is, at the same time, a strong signal of confidence for investors and external economic partners and is a step that brings us closer to joining the OECD", the minister wrote on his Facebook account.
On the other hand, Nazare reaffirmed that the Romanian authorities want economic stability because it brings confidence that reduces financing costs, and the resources thus saved are directed towards investments.
"In parallel, the analysis published today following the interview I gave to Bloomberg - a benchmark media platform for investors, the global financial environment and rating agencies - reflects the direction of financial stability that we are pursuing. My message, both for external partners and for Romanians, is a simple one: we want economic stability because it brings us confidence, confidence reduces financing costs, and the resources thus saved are directed towards investments. And investments represent the essence of healthy economic growth", the quoted source emphasized.
According to a previously sent statement by the Ministry of Finance, the Committee on Fiscal Affairs of the Organization for Economic Cooperation and Development (OECD) adopted the Formal Opinion following the assessment of Romania within the framework of the accession process to the Organization, which confirms the alignment of national fiscal policies and practices with the best standards and practices of the organization.
"The adoption of the Formal Opinion confirms Romania's firm commitment and institutional capacity to implement the OECD legal instruments within the scope of the Committee on Fiscal Affairs, as well as the alignment of national tax policies and practices with the best OECD standards and practices. The Formal Opinion adopted by the Committee on Fiscal Affairs represents one of the most difficult and demanding stages of the OECD accession process, in terms of technical complexity and the high standards applied in the assessment. The adoption of the Formal Opinion for Romania within the OECD Committee on Fiscal Affairs was based on positive assessments obtained in the ten subsidiary groups of the Committee, carried out in relation to the key accession principles," the Finance Ministry's press release states.
The Committee on Fiscal Affairs is one of the 25 sectoral committees that evaluate Romania in the OECD accession process and which involved the completion and completion of ten technical assessments at the level of its subsidiary groups.
The minister of finance stated earlier this year that Romania is prepared for 2026 to be the year of its official accession to the OECD.
Romania's accession process to the OECD was officially launched in January 2022, and Romania's Roadmap was adopted in June 2022, establishing the stages and areas subject to technical assessments.
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