02.16.2012

Romanian Prime Minister Mihai Razvan Ungureanu on Thursday summoned the inter-ministry committee to analyze the legal and administrative measures that must be taken to improve the country’s EU fund more

02.16.2012

Romania will not face the risk of losing European funds for rural development in 2012 if it maintains last year’s pace of fund payment, European Commissioner for Agriculture Dacian Ciolos said more

02.15.2012

The heads of management authorities in charge of drawing EUR19.7 billion in EU funds come with different arguments when it comes to explaining why no payments were made in January: some say either the more

02.14.2012

Not one euro refunded by the EU from the structural and cohesion funds. This is what the first month of the year looked like, a year in which the Romanian authorities plan to attract EUR6 billion – more

02.10.2012

The net assets of local investment funds increased in January by 2.4%, to 6.94 billion lei (EUR1.59 billion), with monetary funds and bond funds seeing 99% of net subscriptions. more

02.10.2012

The market rally at the beginning of this year was so surprising that even managers of equity funds had not seen it coming. As a result, the most profitable mutual funds were those less actively more

02.08.2012

The Cabinet proposed by Romanian Prime Minister Designate Mihai Razvan Ungureanu wants to attract EUR6 billion in EU funds by the end of the year and increase the country’s fund absorption rate to more

02.02.2012

Romania has managed to cash EUR11.91 billion from the European Union budget, since January 1, 2007 when it joined the EU, and contribute EUR6.24 billion to the budget, which means the country’s net more

01.30.2012

Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competition from more

01.27.2012

Wine makers attracted EUR166 million in EU funds between 2007 and 2011, which went mainly into the reconversion of around 10% of the vine growing area. In the past few years, the funds made available more

01.26.2012

Erste Asset Management, the largest mutual fund manager in Romania, handles 2.8 billion lei (EUR0.64 billion) from over 100,000 customers that include millionaires in euros, entrepreneurs and tennis more

01.24.2012

Romanian young farmers submitted over 3,800 projects between November 28, 2011 and January 13, 2012 to access non-reimbursable financing through the Agency for Rural Development and Fishing Payments more

01.24.2012

Buzau (SE Romania) businessman Constantin Toma, who successfully steered the Romet group towards EUR300 million sales last year, plans to consolidate business at this level in 2012 and also boost more

01.23.2012

Share investment funds generated yields of up to 8.3% at the beginning of this year, helped by the increases registered by the stock market, after having been the laggards of the fund market in 2011, more

01.19.2012

The Romanian Government allowed the Regional Development Ministry to borrow 650 million lei (EUR149.6 million) from state funds obtained from privatization and deposited in the Treasury, to make more

01.16.2012

The tensions generated by the reform of the health system reached maximum highs, with people taking to the streets, but there is still a need to clarify the lack of transparency in the spending of more

01.16.2012

Investors placed 993 million lei (EUR229 million) in mutual funds last year, with the bulk of the amount being placed in money market funds and in bond funds, which invest in government bonds and bank more

01.13.2012

The combined net assets of Romanian open-end investment funds rose 23% to 6.78 billion lei (EUR1.57 billion) in 2011, from RON5.48 billion a year earlier, the Romanian Association of Asset Managers more

01.12.2012

Reimbursement requests for EU farming aid will be processed within 45 days, the same as in the case of structural and cohesion funds, Romania's Government announced. more

01.12.2012

EU reimbursements – the amounts disbursed by the EU for works already delivered – which is what really counts when we are talking about EU fund absorption and represent in fact the absorption more

01.09.2012

Romanian Prime Minister Emil Boc said Monday that, as regards European fund absorption, the objective for 2012 is attract EUR6 billion, from the cohesion fund and agriculture funds. more

01.09.2012

Romania's Government is only now trying to recover the funds allotted by the EU in 2009 to counter the damage created by the 2008 floods and spent illegally, as revealed by an audit of the Court of more

01.09.2012

The Romanian Court of Accounts has revealed financial irregularities amounting to EUR5.1 million, following investigations that targeted projects financed within the regional operational program more

01.05.2012

The funds disbursed to Romania by the European Commission by the end of last year amounted to only EUR700 million, and the country stands to lose EU money unless it increases the fund absorption rate more

12.27.2011

Every area of Romania still without Internet coverage will be provided with such services starting in 2015, upon the completion of a telecom network financed by the European Union with EUR84 million, more