FUNDS
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EC’s Plan To Reduce State Aid Starting 2014 To Impact SMEs
The European Commission wants to reduce state aid starting next year, a proposition rejected by several EU member states, including Romania, and allow non-reimbursable financing only from st...
Basescu Says Romania Can Get Extra EUR9B At EU Fund Allocation For 2014-2020
President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allo...
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.
European Commission Pays EUR141.5M To Romania’s POSDRU
The European Commission transferred Tuesday EUR141.5 million to Romania’s Operational Program for Human Resource Development (POSDRU), as part of the first tranche of payments after de-block...
Romania Prepares To Lose Another EUR16B In EU Funds
Romania may have obtained EUR22 billion in structural funds from the EU budget for 2014-2020, as opposed to EUR20 billion in the current programming period, but this will not be very helpful...
Romania Pays Out RON7.4B In Public Investment Funds In Jan-Sept, Below Estimates
Romania disbursed 7.4 billion lei (EUR1.6 billion) in the first nine months of the year in funds earmarked for public investment projects, some 51% of the sum stated in the country’s public...
EU Funds Consultant Posted EUR6M Profit In Five Years
Gheorghe Boeru, the entrepreneur behind Romair Consulting, one of the leading consultancy companies in European Union’s funds, posts a turnover of EUR6-8 million a year on a “market” where b...
Ponta: Romania Drew 20% Of European Cohesion Funds So Far
Prime Minister Victor Ponta on Tuesday said Romania has so far drawn EUR4 billion of a total EUR19 billion it was allotted for the 2007-2013 period, which translates into an absorption rate...
EC Report: 98% Of EU’s Funds Absorbed By Romania In 2011 Suspected Of Fraud
The bulk or EUR505 million or a total of EUR515 million European Union’s funds absorbed in 2011 are suspected of fraud, said Catalin Ivan, the head of the Social Democratic PSD eurodeputies...