09.09.2011

The value of assets held by local open-end investment funds rose 1% on the month in August, to 6.871 billion lei (EUR1.61 billion), from RON6.804 billion in July, according to data published Friday by more

09.05.2011

Romanian Prime Minister Emil Boc this week might put forward a proposition to set up a Ministry for European Funds, democrat liberal MP Sulfina Barbu told MEDIAFAX. more

08.30.2011

Romania’s mandatory private pension funds (Pillar II) registered net profit of 138.9 million lei (about EUR33 million) in the first half of 2011, down 43.7% compared to the same interval a year ago, more

08.29.2011

As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer. more

08.26.2011

Romania's Agency for Rural Development and Fishing Payments (APDRP) disbursed, by August 24, EUR2.52 billion of the funds allotted through the National Rural Development Program 2007-2013, plus an more

08.23.2011

Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts. more

08.19.2011

Foreign open-end funds managed net assets worth a total 1.21 billion lei (some EUR280 million) in Romania at the end of July, representing a 15.3% market share, according to local fund manager more

08.12.2011

The European Commission may resume this fall payments for road upgrades via the Regional Operating Program, Romanian Regional Development and Tourism Minister Elena Udrea said Friday. more

08.10.2011

Carmen Ionel, who in early May took over the position of general manager of the Management Authority for the Operational Program for Human Resource Development (AMPOSDRU), believes that Romania is more

08.09.2011

Romanian investment funds posted combined assets of 7.03 billion lei (EUR1.65 billion) in July, up 1.1% on the month, Fund Managers Association data showed Tuesday. more

08.08.2011

Beneficiaries of EU funds received a total of EUR75 million in July, half the monthly average of the first six months of this year. more

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