12.15.2011

The European Commission will announce Thursday it unfreezes EU funds through the Regional Operational Program (POR), and the procedure of refunding eligible costs for the other programs will be more

12.14.2011

A further EUR500 million will go into the economy by the end of next year from repayments from the European Commission for beneficiaries of programs financed through the Regional Operational Program more

12.14.2011

The Agriculture Ministry has EUR3.5 billion available for next year and 90% of this amount should go to farmers as state aid, direct payments for farming land and as European financing. more

12.13.2011

Over 2,380 financing contracts were signed by December 9 through the Romanian regional operational program (POR) managed by the Ministry of Regional Development and Tourism. more

12.12.2011

Romanian local authorities must ensure financing for child protection to ensure the system’s functioning, according to a bill put up for public debate. more

12.12.2011

The assets of local open-end investment funds inched up 0.1% in November, to 6.898 billion lei (EUR1.59 billion), and clients withdrew a total RON30.1 million (EUR6.9 million) from these funds. more

12.12.2011

Over 200,000 Romanians who invest in mutual funds or on the stock exchange have to go five times a year to fiscal agencies to submit income statements for amounts often of no more than 10 lei. more

12.09.2011

The Romanian Government wants to temporarily reduce the national co-financing rate for EU-funded projects by 10 percentage points, based on a new EU regulation which increased the European more

12.07.2011

The largest mutual funds on the Romanian market, with assets of over one billion lei, also called superfunds, have not made much progress this year, recording modest asset evolutions after record more

12.06.2011

Romania’s structural and cohesion fund absorption rate stood at 3.72% at the end of November, according to data published Tuesday by the Romanian Ministry for European Affairs. more

12.06.2011

The European Commission has approved a contribution of EUR6.38 million for Romania in 2012, meant to support animal disease eradication, control and monitoring programs of the Romanian Sanitary more

12.01.2011

The European Parliament on Thursday approved a temporary increase from 85% to 95% of the European Union’s contribution to regional development projects financed from the European Regional more

11.29.2011

The European Commission might decide in two weeks if Romania may resume sending bills for structural fund reimbursements to Brussels, Romanian Minister for European Affairs Leonard Orban said Tuesday. more

11.27.2011

The Government is confident Romania will attract at least EUR6 billion in European funds next year because nearly 90% of the funded projects have already been signed, Prime Minister Emil Boc said more

11.25.2011

Romania's Government is counting on a EU fund absorption rate of 20-25% next year, aiming to attract at least EUR6 billion for agriculture and from the cohesion funds, Prime Minister Emil Boc more

11.25.2011

Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset the crisis' more

11.18.2011

Romania's Government will exempt public institutions and RA-APPS, the authority that administers government real estate properties, from paying local taxes on their buildings, says the emergency more

11.17.2011

Romanian public officials whose residences will be sold by RA-APPS, the authority that manages government buildings, will have to find a new home on the market, but their rent up to 18,600 lei more

11.09.2011

Romanian open-end investment funds reported cumulated net assets of 6.89 billion lei (EUR1.58 billion) in October, down 1.4% on the month, while foreign investment funds distributed on the local more

11.03.2011

The Government on Wednesday approved in its meeting a list of 100 investment projects conducted with EU funds, which will be monitored and prioritized. more

11.01.2011

Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at the end more

10.28.2011

Romania’s European fund absorption rate will improve considerably next year and will help the economy recover, Erste Group Bank chief executive Andreas Treichl said Friday. more

10.27.2011

Romania's poor absorption of European funds, only 3.5%, may cause the country to not only be allotted less money in the next EU fiscal plan, but also to lag further behind the rest of the Union, said more

10.25.2011

European Commission (EC) president Jose Manuel Barroso said Tuesday Romania has made progress regarding structural fund absorption over the past six months. more

10.24.2011

Romanian President Traian Basescu said Monday the country’s European fund absorption rate stands at 14.8% of the budget allotted by the European Union. more