Romania
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Romania Risks Losing EU Funds Due To A Disastrous Absorption
Romania obtained refunds of only EUR23 million in June from the European Commission and submitted refund requests for only EUR227 million, which means it risks losing a great deal of EU fund...
Liviu Tudor Says Romania Can Become An Investment Hub In The Region
Romanian businessman Liviu Tudor, owner of business parks Novo Park and West Gate, with a total rentable area of 150,000 square meters, said qualified staff and competitive wages turn Romani...
IMF Chief Christine Lagarde To Visit Romania July 15-16
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), will visit Romania on July 15 and 16, the IMF announced Tuesday.
EBRD Announces EUR150M Program To Support Romanian Bond Issues
The European Bank for Reconstruction and Development has launched a EUR150 million program to back medium- to long-term bonds issued by Romanian financial institutions, the lender said in a...
IMF Board Approves Seventh, Eighth Reviews Of Deal With Romania; Program Completed Successfully
The Executive Board of the International Monetary Fund (IMF) Wednesday completed the seventh and eighth reviews of a stand-by loan agreement with Romania and approved the letter of intent se...
EU Asks Romania To Apply Directive On Oil Stocks
The European Commission requested Romania Thursday to take measures to ensure full compliance with its obligations under European legislation regarding oil stocks.
EU Opens Infringement Against Romania Over Public Procurement In Road Rehabilitation Tender
The European Commission announced Thursday it has triggered infringement procedures over Romania’s failure to comply with EU public procurement rules in the auction for the rehabilitation of...
One In Three Romanians Smokes, But Government Opposes EU’s Anti-smoking Rules
The Romanian Government protects the tobacco industry to the detriment of non-smokers by opposing a European directive aiming to reduce smoking, despite the fact that one in three Romanian a...
Why Does Romania Borrow At 5% Yield And Poland At 3%?
Romania’s Finance Ministry borrows in lei at costs 2% higher than the yield paid by Poland for t bonds in zloty, although the two countries have the same financing needs in ratio with the si...