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EU FUNDS

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Social/Politics

Boc: Romania Wants EU Fund Absorption Rate Of At Least 20% In 2012

Romanian Prime Minister Emil Boc said Thursday the Government wants Romania to reach a European fund absorption rate of at least 20% in 2012, as the money attracted will help the country’s e...

Ioana Tudor · 20.10.2011 · 16:52 · 1 min
Automotive

Suceava Airport To Be Upgraded For EUR39M

Authorities managing EU funds have approved a financing request to upgrade the Suceava airport, northeastern Romania, through the operational program for transport, Suceava county council pr...

Ioana Tudor · 20.10.2011 · 15:55 · 1 min
Banks-Insurance

Romanian Beneficiaries Received EUR400M Through Competitiveness Operational Program

Payments to Romanian beneficiaries of the Sector Operational Program "Increasing Economy Competitiveness" exceed EUR400 million, 14% of the program's budget, which could be contracted up to...

Radu Bostan · 13.10.2011 · 15:17 · 1 min
Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month
Social/Politics

Inefficient Administration Causes Romania EUR1.3 Billion Losses Every Month

The flawed state management translates into losses of EUR1.3 billion each month (EUR18 billion per year) as Romania lacks three main abilities: the skill to attract EUR400 million that it sh...

Roxana Petrescu · 11.10.2011 · 00:00 · 1 min
Dragoi: Romania Contracted EU Structural Funds, Must Carry Out Projects
Macroeconomics

Dragoi: Romania Contracted EU Structural Funds, Must Carry Out Projects

Romania has contracted a large part of the structural funds granted by the European Union for the next four years, and authorities must focus on implementing the projects that have been sign...

Ioana Tudor · 04.10.2011 · 14:37 · 1 min
IMF: Romania To Step Up EU Funds Absorption, State Companies Reform
Macroeconomics

IMF: Romania To Step Up EU Funds Absorption, State Companies Reform

Romania has made good progress in reaching its economic and financial indicators under a EUR3.5 billion loan agreement with the International Monetary Fund, but further reforms are needed to...

Florentina Dragu · 30.09.2011 · 10:13 · 1 min
Former Public Servant Creates Free EU Fund App For iPhone And iPad
Technology &Telecoms

Former Public Servant Creates Free EU Fund App For iPhone And iPad

Ionut Ilie, an executive who quit his public sector job at the end of last year to set up his own European fund consultancy business, has developed a free iPhone and iPad application intende...

Adelina Mihai · 29.09.2011 · 00:00 · 2 min
European Commission OKs EUR724M Funding For Two Romanian Highways
Automotive

European Commission OKs EUR724M Funding For Two Romanian Highways

The European Commission has approved non-reimbursable funding for two Romanian highways that will cost EUR850.7 million to build.

Oana Gavrila · 26.09.2011 · 14:54 · 1 min
Biggest Commitment From A Minister: I’ll Get EUR4B In One Year
Social/Politics

Biggest Commitment From A Minister: I’ll Get EUR4B In One Year

The new European fund czar Leonard Orban, who was Romania’s first commissioner to Brussels for three years and a half, makes a huge bet a little while after taking his position as minister o...

Oana Gavrila · 26.09.2011 · 00:00 · 1 min