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

10.25.2012

European Commission representatives will visit Romania in November for talks on pre-suspended EU-funded programs and to analyze the way the Government applied the measures recommended by EU more

10.25.2012

The European Commission on Thursday informed Romanian authorities about its decision to pre-suspend payment for three Romanian EU-funded programs, for transport, regional development and economic more

10.25.2012

The shares of regional investment fund SIF Transilvania (SIF3.RO) have performed better than the other four SIFs, both in terms of growth and traded value. more

10.23.2012

Someone who had invested the equivalent of a Dacia car (5,600 lei) in SIF Moldova (SIF2.RO) shares when the company was listed on the stock exchange on November 1 1999, would have made RON500,000 in more

10.18.2012

The main leaders of the European Union, with German chancellor Angela Merkel and president of the European Commission Manuel Durao Barroso as leading figures, were in Bucharest for a few hours on more

10.15.2012

Payments for the EU-funded operational program aimed to increase economic competitiveness (POS CEE) have been resumed on October 15, more than three months after they were ceased, the Romanian Economy more

10.10.2012

Romania’s Government is considering setting up a firm to transfer money to chemical plant Oltchim Ramnicu Valcea (OLT.RO) to pay overdue wages and restart activity, people close to the matter told more

10.09.2012

Romania’s structural and cohesion fund absorption rate increased 0.01% in September, according to data published by the Ministry for European Affairs. more

10.09.2012

Romania’s Communications Ministry has received 15 bids on a 14.7 million lei contract, net of VAT, for the checking of reimbursement applications on EU-funded projects. more

09.22.2012

Romania’s low absorption rate of European Union financing is due to the fact that only 15% of EU’s structural and cohesion funds allocated to Romania for the 2007-2013 period targeted the private more

09.20.2012

The number of participants whose contributions were transferred to mandatory private pension funds (Pillar II) reached 3.58 million in August, accounting for 62.87% of total participants, up 1.4% from more

09.19.2012

The assets of Romania's mandatory (Pillar II) and voluntary pension funds (Pillar III) will increase to EUR11 billion in the next five years, from EUR2 billion at the end of August, Mihai Coca-Cozma, more

09.19.2012

The number of private pension funds on the mandatory pension segment (Pillar II) will drop to six from the current nine, through mergers and acquisitions expected over the next five years, an official more

09.13.2012

Romania attracted 50% or over EUR4 billion through the National Program of Rural Development, or PNDR, since 2007 in payments through beneficiaries, Agriculture Minister Daniel Constantin told news more