EUROPEAN COMMISSION
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EC Country Report: Romania Made No Progress to Improve Public Pension System
Romania has made no progress on the fiscal framework and the public pension system, skills, minimum inclusion income, predictability of decision-making and the corporate governance of state-...
European Commission Approves EUR251M Romanian Rescue Aid To CE Oltenia
The European Commission on Monday approved, under EU State aid rules, Romanian plans to grant a EUR251 million temporary loan to Romanian state-owned lignite-based electricity producer Compl...
European Commission Orders Romania To Recover EUR570M Incompatible State Aid From CFR Marfa
The European Union’s competition enforcer on Monday ordered Romania to recover EUR570 million of incompatible state aid, plus interest, from rail freight operator CFR Marfa because the suppo...
European Commission Clears Romanian Public Financing To Timisoara Airport
The European Commission on Monday cleared public support granted by Romania to Timisoara International Airport, between 2007-2009, as well as the taxes owed by all airlines operating on the...
European Commission Approves State Aid for Romania's Tarom
The European Commission said Monday it has approved Romania's plans to grant a temporary loan of approximately EUR36.7 million (around RON 176 million) to the state-owned flag carrier Tarom.
EC to Launch Excessive Deficit Procedure on Romania in March, Says Finance Minister
Romania will be placed under excessive deficit procedures in March at the earliest, outgoing finance minister Florin Citu said Monday evening on TV station Realitatea Plus.
EC Urges Romania to Correct Deficit Target Deviation
The European Commission has established that Romania has taken no effective action to correct a high deviation from the recommended adjustment path toward its medium-term budgetary objective...
European Commission Approves Recapitalization of Romania's State-Owned CEC Bank
The European Commission on Tuesday approved Romania's plans to inject EUR200 million (RON940 million) of capital in fully state-owned CEC Bank, finding the procedure to be free of any state...
EC Raises Romania 2019 Economic Growth Forecast To 4% From 3.3%
The European Commission said Wednesday it has revised upwards its economic growth projection for Romania in 2019, in its summer economic forecast, to 4%, from 3.3% predicted in its spring fo...