EUROPEAN COMMISSION
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European Commission Sees Romanian Economy Contracting 5.2% In 2020
Romania's economy is expected to contract by 5.2% in 2020, followed by 3.3% growth in 2021 and 3.8% in 2022, according to the European Commission's autumn economic forecast released Thursday...
European Commission Approves EUR19.3M Romanian Loan Guarantee For Tarom
The European Commission has approved, under EU State aid rules, a loan guarantee of up to around EUR19.3 million (approximately RON94 million) in favor of the Romanian state-owned airline TA...
European Commission Approves EUR935M Aid Scheme For SMEs In Romania
The European Commission has approved an aid scheme of EUR935 million for Romania in order to support small- and medium-sized enterprises (SMEs) and some enterprises affected by the COVID-19...
Garanti BBVA Leasing Gets EUR7M From EFSE To Grant Financing To SMEs In Romania
The European Fund for Southeast Europe (EFSE), backed by the German Government and the European Commission, has granted a loan of EUR7 million to the company Garanti BBVA Leasing to provide...
EC Sees Romanian Economy Contracting 6% in 2020
Romania's economy is expected to contract by 6% of gross domestic product this year, followed by 4% growth in 2021, according to the European Commission's summer economic forecast released T...
European Commission Approves EUR800M Scheme To Support Crisis-Hit Businesses In Romania
The European Commission (EC) has approved an approximately EUR800 million aid scheme to support companies in Romania that had been affected by the coronavirus pandemic.
Transgaz Commits to Facilitate Natural Gas Exports
Transgaz, the state-controlled natural gas transmission system operator in Romania, has committed to facilitate natural gas exports from Romania to neighboring EU member states, in particula...
European Commission Sees Romania’s Budget Deficit Widening To 6.1% Of GDP In 2021
Romania’s budget deficit is expected to climb to 4.4% of the gross domestic product (GDP) in 2020 and to 6.1% in 2021 following pension increases, the European Commission noted in its 2020 c...
European Commission To Recommend Opening Excessive Deficit Procedure Against Romania
The European Commission will recommend next week the opening of excessive deficit procedure against Romania, European Commission vice-president Valdis Dombrovskis said Wednesday.