EUROPEAN COMMISSION
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European Commission Approves Restructuring Aid Of Up To EUR2.7B For Romania Power Company CE Oltenia
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).
Romania Records Highest National VAT Compliance Gap In The EU In 2019
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC an...
PM Citu: EC Accepts Romania’s Budget Deficit Return Below EU’s 3% Ceiling In 2024 As Principal Strategy
Prime Minister Florin Citu said Wednesday that Romania’s consolidated budget deficit returning below the European Union’s 3% ceiling in 2024 was accepted as principal strategy by the Europea...
European Commission Approves EUR500M Romanian Aid Scheme For SMEs In Tourism, Accommodation, Services
The European Commission on Thursday said it has approved a Romanian scheme worth EUR500 million (nearly RON2.437 billion) aimed at supporting small- and medium-sized enterprises (SMEs) opera...
European Commission Sees Romania GDP Growth at 3.8% in 2021
Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter 2021 Economic Forecast released Thursday.
European Commission Approves EUR222M Investment For Water Infrastructure In Ilfov County
The European Commission said in a press statement on Friday that it approved an investment of over EUR222 million from the Cohesion Fund to upgrade and install drinking water and wastewater...
European Commission Seeks Talks on Romania's 2021 Budget
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly...
European Commission Approves EUR12.4M Financing For Coronavirus-Hit Winemakers In Romania
The European Commission announced Friday it has approved a EUR12.4 million scheme aimed at supporting Romanian winemakers affected by the coronavirus pandemic.
European Commission Expects Eurozone GDP To Contract 7.8% In 2020
The European Commission’s autumn 2020 economic forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022.