11.25.2011

Romania's Government is counting on a EU fund absorption rate of 20-25% next year, aiming to attract at least EUR6 billion for agriculture and from the cohesion funds, Prime Minister Emil Boc more

11.25.2011

Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset the crisis' more

11.18.2011

Romania's Government will exempt public institutions and RA-APPS, the authority that administers government real estate properties, from paying local taxes on their buildings, says the emergency more

11.17.2011

Romanian public officials whose residences will be sold by RA-APPS, the authority that manages government buildings, will have to find a new home on the market, but their rent up to 18,600 lei more

11.09.2011

Romanian open-end investment funds reported cumulated net assets of 6.89 billion lei (EUR1.58 billion) in October, down 1.4% on the month, while foreign investment funds distributed on the local more

11.03.2011

The Government on Wednesday approved in its meeting a list of 100 investment projects conducted with EU funds, which will be monitored and prioritized. more

11.01.2011

Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at the end more

10.28.2011

Romania’s European fund absorption rate will improve considerably next year and will help the economy recover, Erste Group Bank chief executive Andreas Treichl said Friday. more

10.27.2011

Romania's poor absorption of European funds, only 3.5%, may cause the country to not only be allotted less money in the next EU fiscal plan, but also to lag further behind the rest of the Union, said more

10.25.2011

European Commission (EC) president Jose Manuel Barroso said Tuesday Romania has made progress regarding structural fund absorption over the past six months. more

10.24.2011

Romanian President Traian Basescu said Monday the country’s European fund absorption rate stands at 14.8% of the budget allotted by the European Union. more

10.21.2011

Romanian Transport Minister Anca Boagiu announced Friday that, following negotiations, the European Commission has agreed to finance the construction of every section of the Transylvania Highway, more

10.20.2011

Romanian Transport Minister Anca Boagiu said that, by the end of the year, the ministry will sign European financing contracts worth EUR250 million for infrastructure investments, raising the total more

10.20.2011

Romanian Prime Minister Emil Boc said Thursday the Government wants Romania to reach a European fund absorption rate of at least 20% in 2012, as the money attracted will help the country’s economy. more

10.20.2011

Authorities managing EU funds have approved a financing request to upgrade the Suceava airport, northeastern Romania, through the operational program for transport, Suceava county council president more

10.16.2011

Romanian agriculture needs state support over the next years because it is a sector that can curb any crisis that may occur nationally or internationally, Agriculture minister Valeriu Tabara told a more

10.15.2011

Two investment funds managed by Certinvest are the closed-end funds with the highest performance and yields of more than 15% over the past year. more

10.13.2011

Romanian Minister for European Affairs Leonard Orban said Thursday the ministry will draw up by the end of November a code of conduct targeting those tasked with managing EU-funded projects to avoid more

10.13.2011

Romania's EU fund management authorities and the Ministry of European Affairs should be able to look up and compare the prices of similar projects, because in some instances the difference between more

10.13.2011

Payments to Romanian beneficiaries of the Sector Operational Program "Increasing Economy Competitiveness" exceed EUR400 million, 14% of the program's budget, which could be contracted up to 70% by the more

10.12.2011

The sovereign debt crisis chased mutual funds away from stock exchanges, with their exposure to equity declining to an all-time low of 3% of their total assets, worth 7 billion lei (EUR1.6 billion) at more

10.11.2011

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it should take more

10.10.2011

Romanian open-end investment funds reported cumulated net assets of 6.99 billion lei (EUR1.62 billion) in September, up 1.7% on the month, while foreign investment funds distributed on the local more

10.07.2011

Romania will ask the European Union to redirect EU funds from programs that failed to absorb the sums allotted to programs which spent the entire amount of funds and register further financing more

10.04.2011

Romania has contracted a large part of the structural funds granted by the European Union for the next four years, and authorities must focus on implementing the projects that have been signed, more