EC
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European Commission Cuts Romania's 2021 Economic Growth Forecast To 7% Versus 7.4%
Romania’s economy is expected to expand by 7% in 2021, slightly lower than the 7.4% growth rate projected in July, the European Commission said on Thursday (Nov 11) in its Autumn 2021 Econom...
European Commission Approves EUR358M Romanian Aid Scheme For Pandemic-Hit SMEs
The European Commission on Wednesday said it has approved a Romanian scheme worth EUR358 million aimed at supporting small- and medium-sized enterprises (SMEs) active in sectors affected by...
EC Opens In-Depth Investigation on CE Oltenia State Aid Measures
The European Commission said Friday it has opened an in-depth investigation to assess whether Romanian support measures in favor of energy holding CE Oltenia are in line with EU rules on sta...
EC Approves EUR875M Investment for Romania's Sibiu-Pitesti Motorway
The European Commission has approved an investment from the Cohesion Fund worth EUR875.5 million to build the first stage of the Sibiu-Pitesti motorway. This will be the first motorway cross...
European Commission Approves EUR62M Romanian Loan Guarantee For Blue Air
The European Commission has approved, under EU State aid rules, a Romanian loan guarantee of up to around EUR62 million (approximately RON301 million) in favor of Romanian airline Blue Air.
European Commission Adopts Implementing Regulation To Pave Way For High Capacity 5G Network Infrastructure
The Commission on Tuesday adopted the Implementing Regulation on small-area wireless access points, or small antennas, which are crucial for the timely deployment of 5G networks that are del...
EC Approves Compensation to Energy-Intensive Companies in Romania
The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emissi...
European Commission Sees Romania's GDP Falling 6% in 2020
The European Commission expects Romania’s economy to contract by 6% in 2020 under the impact of the coronavirus crisis, followed by 4.2% growth in 2021, according to its spring economic fore...
EC Proposes Opening Excessive Deficit Procedure for Romania
The European Commission has proposed to the Council to open an excessive deficit procedure for Romania and adopted a recommendation to the Council setting out the adjustment requirements, th...