07.06.2012

The European Commission (EC) checked most of the projects carried out through the Romanian EU-funded human resources development program and found irregularities, unnoticed by the Romanian more

07.06.2012

The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and more

07.05.2012

Romania’s European fund absorption rate is alarming as the country has contracted a little over 60% of the sum allotted by the EU for the 2007-2013 interval and refunded less than 15% to more

07.04.2012

Attracting funding is currently the main problem for private equity funds in the region because investors in the US and in Western Europe are no longer interested in South Eastern Europe. more

07.03.2012

Romania will stop sending the European Commission refund requests for four operational programs, from July 1 until a date that will be decided later, during which time the Commission will determine more

07.03.2012

Romanian Prime Minister Victor Ponta on Tuesday said he summoned all Cabinet ministers tasked with the absorption of European Union funds for talks on the stage of the absorption process and the more

07.03.2012

About 30 of the 63 mutual funds on the local market managed to beat bank deposit interests in the first half, which stood at 3.25% a year, even though many of the funds that posted lower yields invest more

06.28.2012

Five Romanian firms will receive 27.2 million lei (EUR6.1 million) in non-refundable financing from the European Union and the state budget, for investments with a total value of RON101.5 million more

06.26.2012

Fifteen Romanian firms will receive 141.1 million lei (EUR31.6 million) in non-refundable financing from the European Union and the state budget, for investments in production units with a total value more

06.20.2012

The Romanian government targets to draw EUR3.1 billion this year through programs financed with European structural and cohesion funds, according to a memorandum approved by the Cabinet Wednesday. more

06.15.2012

The creation of the largest mutual fund in Romania started in Brussels, at the European Commission to be precise, which decided to change the rules for the operation of money-market funds to make them more

06.13.2012

The combined net assets of Romanian open-end investment funds rose 2.9% to 7.83 billion lei (EUR1.75 billion) in May, from RON7.62 billion a month earlier, the Romanian Association of Asset Managers more

06.07.2012

Romania obtained non-reimbursable EU funds worth a total of EUR253 million in May, raising the actual absorption rate to 8.7%, 1.3 percentage points higher than at the end of April. May was the second more

06.06.2012

Romania's agency for rural development payments (APDRP) received more than 2000 applications between April 17 and May 16 for rural tourism financing through the regional development program (PNDR), more

06.01.2012

The prime ministers of European Union states, gathered Friday in Romania’s capital Bucharest for talks on EU financing for the 2014-2020 period, will sign a joint declaration aimed to maintain a more

05.27.2012

British Ambassador to Bucharest, Martin Harris, said Sunday in an interview for PRO TV that the absorption of European Union funds is a top priority for the Romanian Government, which, he added, more

05.24.2012

Romania’s Economy Minister Daniel Chitoiu on Tuesday signed two contracts to upgrade the gas distribution network in Cluj-Napoca and build a cogeneration unit, the Economy Ministry said Thursday. more

05.21.2012

Romania risks losing definitively EUR100 million in European funds this year and EUR1.1 billion next year through the Sector Operational Program for Human Resource Development (POSDRU) due to serious more

05.17.2012

Civil engineering will be the main growth driver of Romania’s construction industry in the next years, mainly due to infrastructure projects financed with European funds, according to a survey more

05.16.2012

April was the best month this year for the absorption of EU funds, with EUR173 million going into the economy. more

05.15.2012

Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern Europe, after private equity firms halved their investments in more

05.10.2012

The combined net assets of Romanian open-end investment funds rose 3.1% to 7.62 billion lei (EUR1.69 billion) in April, from RON7.4 billion a month earlier, the Romanian Association of Asset Managers more

05.02.2012

Romanian Agriculture Minister-designate Daniel Constantin said Wednesday that the ministry must access around EUR2.5 billion in European funds by the end of the year. more

04.27.2012

Romanian small and medium-sized enterprises, energy services firms, as well as associations of owners will be able in the next three years to access funds of EUR60 million ensured by the EU and the more

04.27.2012

The best proof that Romania is lagging behind in terms of attracting European funds was given on Wednesday during a visit by the president of the European Council. more