EU FUNDS
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Romania’s Net Financial Benefit From EU Budget Tops EUR5.6B – Minister
Romania has managed to cash EUR11.91 billion from the European Union budget, since January 1, 2007 when it joined the EU, and contribute EUR6.24 billion to the budget, which means the countr...
Wine Makers Downed All Available EU Funds
Wine makers attracted EUR166 million in EU funds between 2007 and 2011, which went mainly into the reconversion of around 10% of the vine growing area. In the past few years, the funds made...
European Funds And Agriculture To Be Romet’s Growth Drivers
Buzau (SE Romania) businessman Constantin Toma, who successfully steered the Romet group towards EUR300 million sales last year, plans to consolidate business at this level in 2012 and also...
Authorities To Process Refund Requests For EU Farming Aid Within 45 Days
Reimbursement requests for EU farming aid will be processed within 45 days, the same as in the case of structural and cohesion funds, Romania's Government announced.
Romania’s EU Fund Absorption Rate End-2011 At 5%
EU reimbursements – the amounts disbursed by the EU for works already delivered – which is what really counts when we are talking about EU fund absorption and represent in fact the absorptio...
Government Wants To Attract EUR6B From EU Funds In 2012
Romanian Prime Minister Emil Boc said Monday that, as regards European fund absorption, the objective for 2012 is attract EUR6 billion, from the cohesion fund and agriculture funds.
Government Belatedly Tries To Recover EU Funds Spent Illegally On 2008 Floods
Romania's Government is only now trying to recover the funds allotted by the EU in 2009 to counter the damage created by the 2008 floods and spent illegally, as revealed by an audit of the C...
Court Of Accounts Notes Payment Irregularities Of EUR5M Within EU-Funded Program
The Romanian Court of Accounts has revealed financial irregularities amounting to EUR5.1 million, following investigations that targeted projects financed within the regional operational pro...
Boc: EU Funds Paid To Romania By End-2011 Amount To Only EUR700M
The funds disbursed to Romania by the European Commission by the end of last year amounted to only EUR700 million, and the country stands to lose EU money unless it increases the fund absorp...