EC Vice-President: Situation of justice in Romania affects investments and economic development

Problems affecting the principles of the rule of law in Romania, Poland and Hungary have negative impact on investments and economic development, says Jyrki Katainen, vice-president of the European Commission and EU commissioner for jobs, growth investments and competitiveness.

Whoever invests 100 million euro in a production activity wants to know what rights he benefits from in case something happens, Katainen said.

Evolutions in countries like Poland, Hungary and Romania are “poison” for the investment climate, the European official pointed out, quoted by APA and DPA news agencies and TT.com news site.

EU criticised Hungary and Poland for the reforms adopted in the field of justice. In Romania’s case, EC recently warned, in the CVM report, that the adoption of the laws of justice and pressures placed on the independence of the judicial system, in particular on DNA, generated doubts about the irreversibility of progress recorded of late.

Developed by Codecraftsman