EUROPEAN COMMISSION
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EU: Romania Should Continue Reforms, Better Performance Needed
The European Commission Wednesday recommended Romania continue its economic and social reforms undertaken under a EUR5 billion loan agreement with the International Monetary Fund and the EU,...
EU Revises Down Romania’s 2014 GDP Growth Forecast To 2.2%
The European Commission revised down its forecast on Romania’s economic growth to 2.2% in 2014 from 2.5%.
European Commission Revises Up Romania’s Wheat Production Estimate By 10%
Romania’s 2013 wheat production has been revised up in April by the European Commission to 5.8 million tons, a rise of almost 10% on the latest estimate made at the end of March.
Romania Banking Laws Offer No Shelter From Lender’s Demand - Study
Romania is one of the few countries in Europe that doesn’t have a personal bankruptcy legislation, leaving over-indebted consumers unprotected against creditors, a report commissioned by the...
EU Denies Romania New Extension On Reverse Taxation System On Cereal
The European Commission has rejected Romania’s request to continue applying a reverse taxation system on cereal beyond June 1 this year, saying the procedure must not be used systematically...
EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania
The European Commission (EC) has paid EUR24.2 million from the European Globalization Fund (EGF) to several EU member states, including Romania, to help 5,271 redundant workers back into emp...
EU Takes Romania To Court Over Energy Policy Failures
The European Commission Thursday said it has referred Romania to the EU’s Court of Justice for failing to fully transpose community energy market rules into national law, with a proposed pen...
Romania Must Return EUR17.7M In Unduly Used CAP Funds
The European Commission wants to recover from Romania some EUR17.7 million in EU agricultural policy funds improperly used by the country.
EU Sees Romania Economy Growing 2.5% In 2014
The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand.