12.09.2014

Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit to more

11.04.2014

Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technical more

11.04.2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

11.04.2014

The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter. more

10.24.2014

The central bank and the Finance Ministry have only EUR2.2 billion left to repay of the loan Romania took from the International Monetary Fund in 2009, with the former repaying most of this amount, more

10.23.2014

An estimated EUR177 billion in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission, of which Romania lost more

10.16.2014

The European Commission on Thursday opened three infringement proceedings against Romania for failing to fully transpose EU legislation on rail safety, implement regulatory rules regarding investment more

10.16.2014

The European Commission Thursday said it is taking Romania to Court for a failure to comply with EU legislation on mining waste, namely waste resulting from the extraction, treatment and storage of more

10.15.2014

Romania’s Economy Minister Constantin Nita said the European Commission on Wednesday approved the state aid scheme aimed at supporting large energy consumers. more

09.25.2014

The European Commission has approved the takeover of Eni's more than 200 gas stations in Romania, Czech Republic and Slovakia by Hungarian oild and gas group MOL. more

08.28.2014

Investor sentiment regarding the outlook of the Romanian economy rose for the fourth consecutive month in August, amid increasing confidence in services, a survey from the European Commission showed more

08.22.2014

Chipita Romania, the domestic subsidiary of the Greek group of the same name that owns the brands 7Days and Finetti, was in 2013 the largest confectionery exporter from Romania, according to a ZF more

07.29.2014

Romania has made some progress in its combat against money laundering, but further steps are needed to strengthen the independence of its anti-money laundering institutions and to improve the overall more

07.18.2014

In 2008, the group built in Bihor by brothers Ioan and Viorel Micula generated almost one billion euros in revenue. In 2013, two of the largest companies part of the entrepreneurs’ food empire, more

07.10.2014

The European Commission sent a reasoned opening to Romania Thursday asking the country to remove unjustified barriers to exports of natural gas, giving Romania two months to make amends before more

06.04.2014

Romania doesn’t meet all the five criteria required to join the euro area, a report from the European Commission showed Wednesday. more

05.21.2014

The two million Romanians working in the EU, most of them in difficult conditions, were ignored by the very peoople who could have fought for them in the European Parliament. more

05.05.2014

The European Commission on Monday revised slightly upward its forecast on Romania’s economic growth to 2.5% in 2014 from 2.3% previously, saying it expects stronger contributions from consumer more

04.06.2014

The European Commission is claiming back a total EUR318 million of EU agricultural policy funds, unduly spent by 11 member states, of which EUR4.51 million from Romania, the Commission said in a press more

03.27.2014

Nine international groups, holding 12 modern retail networks overall, are still present on the Romanian market, after the departure, in recent years, of Turkey’s FIBA (with G’market stores), more

03.21.2014

Romania could absorb this year more Eu funds than in all previous years combined, of EUR6 billion, and reach and absorption rate of around 60% in 2014 and 80% in 2015, said Marius Radu, EU fund more

03.21.2014

Romania received EU funding of EUR21.3 billion in 2007-2013 and paid EUR10.6 billion to the EU, resulting in a positive balance of EUR10.9 billion, Adrian Vasilescu, adviser to the central bank more

03.05.2014

The European Commission on Wednesday imposed a fine of just over EUR1 million on Romanian power exchange OPCOM for discriminating against foreign electricity traders for a period of five years. more

02.25.2014

Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European more

02.20.2014

The European Commission Thursday asked Romania to observe EU legislation, providing financial equilibrium of the main Romanian infrastructure manager, by granting incentives in order to reduce the more