Romania
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Romania’s EU Fund Absorption Rate Up 0.16% To 33.63% In January
Romania’s absorption rate on European structural and cohesion funds reached 33.63% at the end of January 2014, up 0.16% from 33.47% in December, according to the Ministry of European Funds.
Nokia Sells Romanian Unit To Nokia Finland Oy For EUR18.8 Million
Nokia Corporation sold its Romanian unit to Nokia Finland Oy for EUR18.84 million, part of the process of selling the Finnish group’s mobile phone business to technology giant Microsoft, Nok...
Samsung Appoints New CEO For Romanian Unit
South-Korean giant Samsung appointed Jeongwoo Kim as the new CEO for its Romanian Samsung Electronics unit, replacing Young Lak Jung, who was CEO for the last four years, the company announc...
IMF Team To Visit Romania Jan 21-Feb 5 For EUR2B Loan Review
A delegation of the International Monetary Fund will visit Romania between January 21 and February 5 for the first and second reviews of a EUR2 billion loan agreement signed last year, and t...
Capital Economics: Romania Is In A Secure Place Financially
Romania seems to be in a “relatively secure” financial and economic place, but tighter global monetary conditions could eventually eat into capital inflows to the country, according to estim...
EU Claims EUR70,000 Back From Romania For Delayed Agriculture Payments
The European Commission has to recover EUR335 million members states, including Romania, which has to pay back EUR70,000, because of non-compliance with EU rules or inadequate control proced...
Roads Authority To Open Almost 100 Km Of Highway In December, Originally Due In April
Romania will inaugurate this month 98 km of highway in the western half of Romania, a project with a total cost of EUR530 million or around EUR5.4 million per km on average.
Tanasescu: EIB To Raise Financing For Romania To EUR600-EUR700M In 2014
The European Investment Bank (EIB) has provided financing of nearly EUR500 million to Romania this year, of which some EUR200 million went into the banking sector, said Mihai Tanasescu, EIB...
Official: Romania Must Satisfy EU Recommendations Whether It Signs Memorandum With IMF Or Not
Romania must observe the recommendations made by the European Council regarding structural reforms and fiscal measures, regardless of whether it signs the memorandum agreed with the Internat...