Following the publication of the Opinion on Romania's application for EU membership, the Commission is fully committed to the next phase of the enlargement process, namely working together with the applicant countries to deal with the shortcomings identified in the Opinions. Mr Monti's two-day visit is part of this process. Romania needs to complete the important programme of action it has started in this respect. Harmonisation of company law , with the establishment of independent registers and transparent company reporting systems, is also vital for the development of efficient and secure financial markets. The rules on advertising as provided by the implementing regulations do not meet the transparency requirements of the EC Directives, as foreign contractors are discriminated against.
Several ministries share responsibility for the execution of public procurement requirements.
At a later stage, efforts must also be continued to complete harmonisation of all sectors of the Single Market. The Commission is looking to improve the existing reporting tools. In this respect, transparency is crucial, so that the Commission can calibrate its assistance and better assess the state of preparedness. New instruments to facilitate implementation and to improve enforcement could be found through administrative capacity building. The European Commission, in close co-operation with the Member States, will support Romanian measures to modernise tax and customs administration and practice, whilst simultaneously adopting and beginning to apply a whole host of European Union legislation.