06.28.2022

For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain production, while increasing at the same time its forecast for more

06.21.2022

Private and public owners of plots of land appropriate for afforestation are offered grants under a EUR500 million scheme 100% funded under the Recovery and Resilience Facility (RRF), already approved more

06.03.2022

The European Commission approved on Friday (June 3) state aid schemes for small and medium-sized enterprises (SMEs), respectively for the IMM PROD and GARANT CONSTRUCT programs. more

05.27.2022

The Modernization Fund is a program of the European Union (EU) aimed at supporting ten Member States to meet 2030 energy targets by helping to modernize energy systems and improve energy efficiency. more

05.26.2022

The European Commission has approved a Romanian scheme worth EUR300 million (RON1.5 billion) to support companies in the agrifood industry in the context of the coronavirus pandemic. more

05.25.2022

The European Commission (EC) has approved a Romanian scheme worth EUR100 million to support the regeneration of damaged forests and the scheme will be funded through the Recovery and Resilience more

05.23.2022

The European Commission has concluded that seven countries – Romania, Germany, Spain, France, the Netherlands, Portugal and Sweden – continue to have excessive imbalances, according to its spring more

05.16.2022

Romania’s economy is expected to slow down its growth to 2.6% in 2022 after advancing 5.9% in 2021, the European Commission (EC) said in its Spring 2022 Economic Forecast report released on Monday more

05.02.2022

The European Commission has approved a EUR1.9 million Romanian aid measure to compensate Tarom for the damage suffered on 14 routes due to the coronavirus pandemic and travel restrictions between July more

03.02.2022

The European Commission (EC) on Wednesday approved the establishment of a humanitarian corridor for Ukraine, an initiative promoted by Romanian MEP Victor Negrescu and backed by some 90 MEPs. more

01.27.2022

The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia). more

12.03.2021

In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis more

06.02.2021

Prime Minister Florin Citu said Wednesday that Romania’s consolidated budget deficit returning below the European Union’s 3% ceiling in 2024 was accepted as principal strategy by the European more

04.15.2021

The European Commission on Thursday said it has approved a Romanian scheme worth EUR500 million (nearly RON2.437 billion) aimed at supporting small- and medium-sized enterprises (SMEs) operating in more

02.11.2021

Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter 2021 Economic Forecast released Thursday. more

01.15.2021

The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater more

01.06.2021

The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed more

11.20.2020

The European Commission announced Friday it has approved a EUR12.4 million scheme aimed at supporting Romanian winemakers affected by the coronavirus pandemic. more

11.05.2020

The European Commission’s autumn 2020 economic forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022. more

11.05.2020

Romania's economy is expected to contract by 5.2% in 2020, followed by 3.3% growth in 2021 and 3.8% in 2022, according to the European Commission's autumn economic forecast released Thursday. more

10.05.2020

The European Commission has approved, under EU State aid rules, a loan guarantee of up to around EUR19.3 million (approximately RON94 million) in favor of the Romanian state-owned airline TAROM, the more

08.27.2020

The European Commission has approved an aid scheme of EUR935 million for Romania in order to support small- and medium-sized enterprises (SMEs) and some enterprises affected by the COVID-19 pandemic. more

08.27.2020

The European Fund for Southeast Europe (EFSE), backed by the German Government and the European Commission, has granted a loan of EUR7 million to the company Garanti BBVA Leasing to provide financing more

07.07.2020

Romania's economy is expected to contract by 6% of gross domestic product this year, followed by 4% growth in 2021, according to the European Commission's summer economic forecast released Tuesday. more

07.02.2020

The European Commission (EC) has approved an approximately EUR800 million aid scheme to support companies in Romania that had been affected by the coronavirus pandemic. more