EC
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EC Adopts 2014-2020 Large Infrastructure Program For Romania, Worth Nearly EUR9.5B
The European Commission on Friday adopted the 2014 2020 Large Infrastructure Operational Program (LIOP) for Romania, an investment package worth nearly EUR9.5 billion from the EU Regional Fu...
EC Rejects Romanian Tax Code, IMF Officials Won't Return To Bucharest In July
Officials of the European Commission and the Romanian government have not agreed on the changes Romania brought to its Tax Code and officials of the International Monetary Fund will not retu...
EC Requests Romania To End Bilateral Investment Treaty With Sweden
The European Commission has initiated infringement proceedings against five member states, including Romania and Sweden, requesting they terminate intra-EU bilateral investment treaties betw...
EC Refers Romania To Court For Failing To Adopt Emergency Plan In Case Of Gas Supply Disruption
The European Commission on Thursday said it is referring Romania to the EU Court of Justice for failing to adopt an emergency plan regarding security of gas supply, which may jeopardize Roma...
EC Allots EUR83M For Expansion Of Subway Line 4 Parc Bazilescu – Straulesti
The European Commission approved Thursday funds worth EUR83 million from the Cohesion Fund for the expansion of Romanian subway line 4 (Parc Bazilescu – Straulesti) in Bucharest, which conne...
EC Asks 11 States, Including Romania, To Apply EU Rules On Bank Recovery And Resolution
The European Commission has requested Romania, Bulgaria, the Czech Republic, France, Italy, Lithuania, Luxembourg, the Netherlands, Malta, Poland, and Sweden to fully implement the Bank Reco...
European Commission Voices Concerns Over Romania’s Planned VAT Cut
The European Commission is concerned about the Romanian Government’s plan to reduce VAT rates which are expected to have a substantial negative fiscal effect, EC Vice-President Valdis Dombro...
EC Orders Romania To Recover Incompatible State Aid Granted To Micula Brothers
European Commission has decided that Romania has to recover compensations granted to brothers Ioan and Viorel Micula following the abolishment of an aid scheme targeting investments in disad...
EC Revises Up Romania’s GDP Growth Forecast To 2.7% In 2015
The European Commission expects Romania’s economy to grow by 2.7% in 2015, from 2.4% previously estimated, powered by domestic demand and supported by the recovery of the global economy, acc...