09.13.2012

Romania asks the European Commission to grant financial support for an area of 12 million hectares, compared with 7 million hectares as settled upon the European Union’s accession, minister of more

09.12.2012

The European Commission will make financial corrections and reduce the funds allotted to Romania for regional development, environment, transport and competitiveness projects, after it identified more

09.05.2012

Romania’s Government on Wednesday allotted 25 million lei (EUR5.5 million) for works to modernize several schools and connect them to the water supply network. more

09.04.2012

Romania’s Paying Agency for Rural Development said Tuesday it allotted extra EUR60 million in non-reimbursable funds for investments in irrigation systems. more

09.04.2012

Romanian President Traian Basescu on Tuesday said he asked in the European Council that the period during which Romania is allowed to absorb European Union funds be extended until 2016 in a move to more

09.04.2012

Equity funds are still impacted by the economic crisis caused by the Lehman Brothers collapse in September 2008, which brought them losses yet to be recouped and drove hundreds of investors away. more

09.03.2012

EU funds for Romania's Transport Sector Operations Program (T-SOP), suspended pending checkups on their actual destination, might be unfrozen later in September, following a new evaluation, Transport more

08.29.2012

Romanians set 5.3 billion (EUR1.2 billion) aside for investments in mutual funds. The richest of them chose euro-denominated mutual funds, while those with less money were more willing to take a more

08.29.2012

The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry. more

08.23.2012

Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infrastructure more

08.14.2012

Romanian farmers can apply for total non-reimbursable EU funding of EUR25.5 million between September 3 and 28, to invest in irrigation systems, Romania’s Paying Agency for Rural Development said more

08.14.2012

The European Commission sent refunds worth EUR96 million to Romania in July, these being the last funds that the EU has sent into the local economy until the European officials finalize their audit in more

08.14.2012

Romanian farmers have received almost EUR4 billion for investment projects in the six years the EU has been pumping funds into agriculture. But what is the actual impact of these funds on agriculture more

08.09.2012

The combined net assets of Romanian open-end investment funds rose 2.9% to 8.15 billion lei (EUR1.78 billion) in July, from RON7.92 billion a month earlier, the Romanian Association of Asset Managers more

08.09.2012

Romania’s Government wants to borrow 400 million lei (EUR88.3 million) from the Treasury to cover payments for the EU-funded operational program “Increasing Economic Competitiveness”. more

08.08.2012

Romania’s Finance Ministry will stop payments from income tax and VAT collections provided to local authorities, for the city halls which received money from the Government's reserve fund during the more

08.08.2012

The city of Suceava, northern Romania, will rehabilitate 12 streets and two bridges through a EUR8.3 million project funded through the Regional Operations Program (ROP), mayor Ion Lungu announced more

08.06.2012

Romanian central bank governor Mugur Isarescu Monday said the governments’ failure to absorb European Union funds caused a “defeatism” towards the country’s ability to draw such funds, which more

07.27.2012

Alexandru Razvan Cotovelea, state secretary with the Ministry of European Affairs, was appointed national coordinator of external non-reimbursable financial assistance, through decision of Prime more

07.26.2012

Romania will access EUR350 million in European Union funds for the rehabilitation of Dambovita river's filtering unit, sewerage network and the main collector canals, according to a tri-party protocol more

07.14.2012

The recent remarks by the European Commission regarding Romania’s EU fund absorption plan represent only a “general approach” to the matter, the Romanian Government said in a statement Saturday, more

07.13.2012

Money market and bond funds have been the most profitable funds in the past year, with yields of up to 8%, while equity funds, which subject investors to a high risk, posted losses because of the more

07.10.2012

The combined net assets of Romanian open-end investment funds inched up 1% to 7.92 billion lei (EUR1.78 billion) in June, from RON7.83 billion a month earlier, the Romanian Association of Asset more

07.10.2012

Romania’s Agriculture Ministry wants to access EUR400 million in European funds starting 2014 to rehabilitate the irrigation system on 800,000 hectares of farmland, Agriculture Minister Daniel more

07.10.2012

The ambitious target of the former Government, led by prime minister Emil Boc, to attract EU refunds of EUR3.5 billion has been missed. more