In Focus: Romania Signs the Agreement on Establishing the CEF as an International Organization

Today at the CEF Mr. Dan Manolescu, State Secretary at the Romanian Ministry of Public Finance, signed the Agreement on Establishing the Center of Excellence in Finance (CEF) as an international organization.  Romania is thus the eighth country to join the Agreement.

The process of the CEF becoming an international organization was officially launched on September 3, 2013 in Bled, Slovenia when five countries – Bulgaria, Croatia, Macedonia, Montenegro and Slovenia – signed the Agreement. Bosnia and Herzegovina signed the Agreement subsequently in Sarajevo, BIH on November 27, 2013 and Moldova in Ljubljana on December 11, 2013.

Mira Dobovišek, CEF director, remarked that the process of changing legal status of the CEF is proceeding well. The Agreement will come into force when at least three countries ratify it, hopefully before 2015. For the new international organization to become operational, it also has to conclude headquarters Agreement with the Government of Slovenia that is hosting the CEF. We are confident the the process will continue to be smooth and efficient.