06.26.2017

The new rules on cross-border insolvency proceedings, proposed by the European Commission in 2012 and adopted by the EU legislators in 2015, will enter into force throughout the European Union Monday, more

01.11.2017

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07.12.2016

European Commission has approved the modifying of Bucharest Metro Line 5 project, “Raul Doamnei – Eroilor section, including Valea Ialomitei”, by rescheduling the financing for the EUR480 more

06.08.2016

Officials of the European Commission’s Directorate General for Competition and of the Competition Council in Romania on June 6 carried out unannounced inspections at the premises of Romgaz, OMV more

05.20.2016

The European Commission has unblocked the payments for Sectoral Operational Programme Human Resources Development (SOP HRD 2007-2013) in Romania, worth EUR167 million, which were cut off in February more

02.04.2016

The European Commission has made marginal improvements on Romania's economic growth estimates in its winter forecast released Thursday, but warns of risks posed by new legal initiatives and a widening more

06.12.2015

The European Commission has concluded, following an in-depth investigation, that electricity supply contracts signed by Romanian state-owned electricity generator Hidroelectrica with certain more

03.12.2015

The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit. more

12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

11.04.2014

Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technical more

11.04.2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

11.04.2014

The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter. more

10.24.2014

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, more

10.23.2014

An estimated EUR177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission, of which Romania lost more

10.16.2014

The European Commission on Thursday opened three infringement proceedings against Romania for failing to fully transpose EU legislation on rail safety, implement regulatory rules regarding investment more

10.16.2014

The European Commission Thursday said it is taking Romania to Court for a failure to comply with EU legislation on mining waste, namely waste resulting from the extraction, treatment and storage of more

10.15.2014

Romania’s Economy Minister Constantin Nita said the European Commission on Wednesday approved the state aid scheme aimed at supporting large energy consumers. more

09.25.2014

The European Commission has approved the takeover of Eni's more than 200 gas stations in Romania, Czech Republic and Slovakia by Hungarian oild and gas group MOL. more

08.28.2014

Investor sentiment regarding the outlook of the Romanian economy rose for the fourth consecutive month in August, amid increasing confidence in services, a survey from the European Commission showed more

07.10.2014

The European Commission sent a reasoned opening to Romania Thursday asking the country to remove unjustified barriers to exports of natural gas, giving Romania two months to make amends before more

06.04.2014

Romania doesn’t meet all the five criteria required to join the euro area, a report from the European Commission showed Wednesday. more

05.05.2014

The European Commission on Monday revised slightly upward its forecast on Romania’s economic growth to 2.5% in 2014 from 2.3% previously, saying it expects stronger contributions from consumer more

04.06.2014

The European Commission is claiming back a total EUR318 million of EU agricultural policy funds, unduly spent by 11 member states, of which EUR4.51 million from Romania, the Commission said in a press more

03.05.2014

The European Commission on Wednesday imposed a fine of just over EUR1 million on Romanian power exchange OPCOM for discriminating against foreign electricity traders for a period of five years. more

02.25.2014

Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European more