01.11.2013

Romania will resume payments through the EU-funded program increasing economic competitiveness at the end of January, Minister-delegate for Small and Medium Enterprises Maria Grapini said Friday. more

01.11.2013

The combined net assets of Romanian open-end investment funds rose 29.9% to 8.8 billion lei (EUR2 billion) in 2012, from RON6.8 billion a year earlier, the Romanian Association of Asset Managers, or more

12.19.2012

Romanian outgoing Minister for European Affairs Leonard Orban said Wednesday the country’s EU fund absorption rate might rise to about 15% by the end of the year. more

12.13.2012

The assets of Romania’s mandatory (Pillar II) pension funds will reach EUR2.6 to EUR2.7 billion at the end of 2013, up around 25% from December 2012, backed by an increase in employees' contribution more

12.11.2012

The combined net assets of Romanian open-end investment funds rose 1% to 8.65 billion lei (EUR1.92 billion) in November, from RON8.57 billion a month earlier, the Romanian Association of Asset more

12.06.2012

Romanian mandatory private pension fund (Pillar II) administrators will be forbidden to invest in private equity real estate or in securitized financial instruments starting January 1, 2013, according more

12.06.2012

Romania's mandatory private pension funds (Pillar II) registered an average yield of 11.3% between May 2008 and November 2012, while voluntary private pension funds (Pillar III) registered an average more

12.05.2012

Romania’s cohesion and structural fund absorption rate remained unchanged in November, at 9.72% (EUR1.867 billion), as payments from the European Commission were zero. more

12.04.2012

Romania disbursed 7.4 billion lei (EUR1.6 billion) in the first nine months of the year in funds earmarked for public investment projects, some 51% of the sum stated in the country’s public more

12.04.2012

Romanian authorities could commit to a multiannual allocation of budget resources necessary to provide the co-financing of EU funds that Romania plans to attract by 2015, if the country enters new more

12.03.2012

Romania’s management authorities will be transferred under a single authority during 2014-2020, first of all under the coordination of a minister and then under regional control, Prime Minister more

11.29.2012

The Romanian mutual fund market became a European performer with net inflows of EUR86 million in the third quarter, while mature markets such as France, Spain and Italy lost billions of euros. more

11.21.2012

The European Bank for Reconstruction and Development (EBRD) will offer technical assistance to Romania to help the country improve its European fund absorption both within the current financial more

11.21.2012

Gheorghe Boeru, the entrepreneur behind Romair Consulting, one of the leading consultancy companies in European Union’s funds, posts a turnover of EUR6-8 million a year on a “market” where more

11.20.2012

Prime Minister Victor Ponta on Tuesday said Romania has so far drawn EUR4 billion of a total EUR19 billion it was allotted for the 2007-2013 period, which translates into an absorption rate of 20%. more

11.19.2012

Representatives of Romania’s Businesspeople Association AOAR asked the government to ensure financing for over 8,000 European Union-funded projects under development, as the European Commission more

11.14.2012

The European Commission proposed financial correction ranging between 5% and 25% of the value of contracts signed through five Romanian EU-funded programs. more

11.12.2012

Romania could absorb “at least 15%” of European Union funds by the end of 2012 if the European Commission resumes payments in upcoming months for some of the Romanian EU-funded programs more

11.11.2012

The bulk or EUR505 million or a total of EUR515 million European Union’s funds absorbed in 2011 are suspected of fraud, said Catalin Ivan, the head of the Social Democratic PSD eurodeputies more

11.09.2012

The net assets of Romanian open-end investment funds rose 1.1% in October to 8.57 billion lei (EUR1.89 billion), the Romanian Association of Asset Managers said Friday. more

11.09.2012

Romania may lose European funds of EUR1.26 billion in 2012, through Sectorial Operational Program Increase of Economic Competitiveness (POS CCE), unless attracting eligible projects co-financed by the more

11.06.2012

Romania absorbed EUR786 million via the Regional Operational Program (ROP), which registers the highest fund absorption rate, of over 21%, Development Ministry state secretary Marcel Bolos said more

11.01.2012

Romania’s private pension system administrator CSSPP wants to forbid mandatory private pension fund administrators to invest in private equity funds, and the measure will impede investments in the more

10.30.2012

Production at Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) was restarted with money paid in advance by the company’s clients, Rodin Traicu, secretary of state with the more

10.26.2012

Romanian procurement authority ANRMAP applied fines of 900,000 lei (about EUR198,000) following checkups targeting 48 EU-funded contracts, and referred the case to the National Anticorruption more