08.05.2011

The sums the European Commission will allocate in 2012 to EU member states from the External Borders Fund will increase by about 28% compared to this year, and Romania will receive extra EUR4 million. more

08.04.2011

Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five regional more

08.02.2011

Funds that invest in stocks have visibly reduced their yields, with Star Next fund registering the highest return at 8% for the first seven months of the year, amid fears over the sovereign debt in more

07.29.2011

Cristian Diaconescu, honorary president of the National Union for the Progress of Romania (UNPR), said Friday that European Commission officials are worried about Romania's use of European funds. more

07.29.2011

Most Romanians who have left their fortunes in the hands of mutual fund managers prefer investments in shares and bonds, but gold is gaining more ground amid fears over the sovereign debt crisis in more

07.28.2011

Those who won EU-financed projects in the last few months will no longer be able to receive 30% pre-financing to start the activities of the project, as was the case for beneficiaries of EU funds so more

07.27.2011

Romania has so far accessed about EUR3 billion through its National Rural Development Program, which means it absorbed 30% of the total EU funds available for agriculture and rural development, the more

07.25.2011

Romanian companies have already depleted over two thirds of the European structural funds that target the private sector, with up to EUR1 billion remaining by the end of the allocation period in 2013, more

07.21.2011

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime more

07.21.2011

President Traian Basescu has requested that the government stop sending the bills for the reimbursement of eligible expenses for European Union-funded projects to Brussels. This means that the EUR5 more

07.20.2011

Romanian Prime Minister Emil Boc on Wednesday called on ministers and authorities that manage European funds to make financial corrections in the case of EU-funded projects where national rules on more

07.19.2011

Romanian Bank Deposit Guarantee Fund (FGDB) Tuesday reported overall liquidities of 2.1 billion lei (EUR493 million) at the end of June, up by RON400 million from December 2010. more

07.19.2011

Romanian Communications Minister Valerian Vreme said Tuesday that more than 180 applications have been filed requesting EU financing for projects to introduce IT solutions in healthcare, of which more

07.18.2011

The Government said Romania is a net EU fund beneficiary, and not a net contributor, as it has so far received EUR10.5 billion from the EU, while its contribution to the EU budget totals EUR5.45 more

07.15.2011

Romania has paid more than EUR4 billion as a mandatory contribution to the European Union budget, since the country's integration in 2007, but took back only EUR600 million. more

07.14.2011

Romanian Prime Minister Emil Boc asked the ministers to penalize EU fund beneficiaries who are overdue in implementing their projects, so that the money can be diverted towards other European more

07.14.2011

Romania's ministers have been tasked to terminate EU-funded contracts whose implementation is unjustifiably overdue or which have been awarded through fraudulent auctions, a decision prompted by the more

07.12.2011

Franklin Templeton Investment Management, manager of investment fund Fondul Proprietatea (FP.RO), Tuesday said will offer local investors access to 11 Franklin Templeton funds registered in more

07.12.2011

None of the eight money market funds on the Romanian market has managed to yield more than the annual inflation rate of 7.93% in the last 12 months. more

07.09.2011

Romanian Prime Minister Emil Boc said Saturday that a EU-funded contract might be terminated if no work has been done on the project six months after signing. more

07.08.2011

Net subscriptions in Romanian open-end funds dropped 14.4% in the second quarter, to 494.6 million lei (EUR116 million), from RON578.4 million in the first quarter, while investors were mainly more

07.07.2011

Romania's proposed Ministry of European Affairs will manage the Structural Instrument Coordination Authority (ACIS) and, probably, the Audit Authority attached to the Court of Accounts, but not the more

07.07.2011

Romanian Prime Minister Emil Boc on Thursday reproached the ministers for failing to keep their promises to improve European fund absorption and asked to have a report within one week, people close to more

07.07.2011

Romanian President Traian Basescu and Prime Minister Emil Boc on Thursday discussed creating a Ministry of European Affairs, to manage projects financed with European Union funds, led by UNPR more

07.07.2011

The five largest equity funds have lost 300 investors since the beginning of the year and recorded net withdrawals of around 15 million lei (EUR 3.59 million), although the overall trend of the stock more