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Romania To Contribute 15% To Co-Financing Of EU-Funded Projects As Of End-March
Banks-Insurance

Romania To Contribute 15% To Co-Financing Of EU-Funded Projects As Of End-March

Romania will contribute 15% to the co-financing of European Union-funded public projects, as of the end of March, when the co-financing agreement with the European Commission expires, accord...

Ecaterina Craciun · 29.01.2013 · 14:02 · 1 min
IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound
Macroeconomics

IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound

The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania...

Tudor Ioana Raluca · 29.01.2013 · 00:00 · 3 min
China’s Suntech Power To Provide Panels For Two Photovoltaic Projects In Romania
Energy

China’s Suntech Power To Provide Panels For Two Photovoltaic Projects In Romania

China's Suntech Power Holdings Co., one of the world's largest solar panel producer, will supply Italy's SunSystem photovoltaic panels with a total capacity of 25 MW for the construction of...

Manuela Panescu · 13.12.2012 · 15:50 · 1 min
Macroeconomics

Raiffeisen Sees Tougher Negotiations Between Romania, IMF Over Follow-up Deal

Romania should expect tougher negotiations at next year’s discussions for a follow-up agreement with the International Monetary Fund, considering that the general fiscal framework announced...

Florentina Dragu · 10.12.2012 · 18:30 · 1 min
Romania Extends Cernavoda Investment Agreement Until December 2013
Energy

Romania Extends Cernavoda Investment Agreement Until December 2013

Romania has extended until December 2013 an investment agreement for the construction of two new reactors at the Cernavoda nuclear power plant in a bid to attract additional funds, governmen...

Florentina Dragu · 14.11.2012 · 17:35 · 1 min
Macroeconomics

Erste: New Deal With IMF Would Strengthen Investors’ Confidence

The setting up of a new agreement with the International Monetary Fund IMF would strengthen investors’ confidence during a difficult period, representing "good news" for the financial market...

Manuela Panescu · 09.11.2012 · 18:29 · 1 min
Tanasescu, EIB: Romania Needs A Third, More Flexible, Agreement With IMF And EU
Macroeconomics

Tanasescu, EIB: Romania Needs A Third, More Flexible, Agreement With IMF And EU

Romania will need a new and more advanced agreement with the International Monetary Fund and the European Commission next year and, by accelerating the reforms agreed upon with its external...

Ecaterina Craciun · 15.10.2012 · 01:00 · 5 min
Romania Wants New Precautionary Agreement With IMF In Bid To Calm Markets
Banks-Insurance

Romania Wants New Precautionary Agreement With IMF In Bid To Calm Markets

The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of forei...

Radu Bostan · 26.07.2012 · 00:00 · 2 min
Ukraine’s Naftogaz, Rompetrol Sign Cooperation Agreement
Energy

Ukraine’s Naftogaz, Rompetrol Sign Cooperation Agreement

Ukrainian state-run oil and gas company Naftogaz Monday said it has signed a cooperation agreement with Romanian oil group Rompetrol with a view to set up a joint venture in Ukraine that wil...

Florentina Dragu · 16.07.2012 · 19:06 · 1 min