EC certifies Romania as fiscally compliant, despite prolonged uncertainty
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU countries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the…
iulian ernst · Journalist
· Updated · 2 min read
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU c ountries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the Romanian authorities on October 16.
For nine Member States, including Romania, the Excessive Deficit Procedure (EDP) is held in abeyance, meaning that no further procedural steps are taken at this stage, but that the ongoing procedure remains open and the Member States remain bound by the respective Council recommendation.
