GOVERNMENT
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EU Reimbursements To Romania Might Be Resumed Starting October - Official
The European Commission might resume reimbursements to Romania for EU-funded projects starting October, and Romanian authorities must make financial corrections in the case of these projects...
Romanian Public Procurement Regulator To Check Paperwork Before Auction Procedures Start
The Romanian National Authority for Public Procurement Regulation and Monitoring (ANRMAP) will check auction participation announcements before contract awarding procedures are started, acco...
Romania Assigns EUR600M To Fund EU Projects Until EU Resumes Reimbursements
Romania’s Government has decided to assign EUR600 million from privatization proceeds to continue funding EU projects until the European Commission resumes payments to Romania.
Romania Raises Fines For Mislabeled Food, Clothing
Romania's Government has increased the fines for inaccurate price tags on food and clothing, from 50-100 lei (EUR12-24) to RON500-2500, and for incomplete labels for such products, from a ma...
Government Cancels EUR51M Risk Coverage Guarantee For Enel-Electrica Deals
The Romanian government has decided to cancel a EUR51 million risk coverage guarantee in favor of Italian utility Enel for the privatization of two Electrica branches and wire the funds to t...
Romania Sees GDP Up 0.3-0.4% In 2Q, Inflation At 4.8% In 2011
Romania's Government estimates a 0.3-0.4% growth of the gross domestic product in the second quarter, compared to the first, and an inflation rate of 4.8% this year, below the central bank's...
Romania Drastically Cuts State Pre-Financing Cap For EU-Funded Projects
The state pre-financing ceiling for EU-funded projects has been reduced drastically by the government and companies that fail to provide the refund paperwork in four months shall be required...
Romania To Provide Pensioners With Basic Food Products For Lowest Price Each Month
The Romanian "solidarity basket" program, approved by the Government, will provide pensioners each month with a package comprising basic food products, like flour, sugar, oil, corn and rice,...
Romania Starts Procedures To Slash 1,300 Jobs In State-Owned Energy Companies
Romania’s Government on Wednesday decided the start of procedures to lay off 1,300 employees of several state-owned energy companies this year.