05.30.2022

Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential EUR920 billion combined losses to gross domestic product (GDP) across the 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

03.23.2022

A major European IT group is likely to directly enter the ranking of Romania’s 20 biggest tech employers with the opening of a center for which it plans to recruit several hundred people. 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

02.21.2022

Retail sales grew by 7.5% in Romania in 2021, above the European average of 3.3%, but below the 10.6% increase in Eastern Europe, in line with data from Retail Audit NielsenIQ. 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

12.15.2021

Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday said it obtained for Romania the very first financing from the Modernization Fund: almost EUR23 million for the development 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

10.04.2021

Bucharest-based Hagag H Victoriei 109 building will host the future headquarters of the European Cybersecurity Competence Center (ECCC), according to real estate data. more

09.23.2021

Danish renewable energy company European Energy, which develops, finances, constructs and operates wind and solar farms as well as hydrogen facilities and storage capacities at a global level, has more

07.01.2021

BCR Social Finance and the European Investment Fund (EIF) have agreed to provide financing of RON75 million to small- and medium-sized enterprises (SMEs), non-governmental organizations (NGOs) and 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

12.23.2020

The European Fund for Southeast Europe (EFSE) has lent EUR2 million to Vitas IFN to enable it to extend its financing capacity for micro-enterprises and small- and medium-sized enterprises (SMEs) 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