ISDS Case Map
Romania
THE idea of a Balkan General Free Trade Agreement, to replace existing bilateral free trade agreements, received support at an Athens meeting of the Association of Balkan Chambers, the Bulgarian Chamber of Commerce and Industry (BCCI) said on December 12.
Romania has won at the International Court of Arbitration in Washington, the case brought by the American company Noble Ventures that contested the Romanian state actions in the privatization process of Resita Steel Plant (CSR).
Romania's past treatment of foreign investors may soon come back to haunt its new government and an economic plan agreed with Brussels ahead of membership of the European Union. A World Bank arbitration panel, the Icsid, is expected to rule in coming weeks on a lawsuit seeking $350m (€270m, £180m) from the state brought by Noble Ventures, an American investment group.
Israel and Romania have signed an upgraded trade agreement, which will enable companies from both countries to jointly export goods to the EU, duty free.
