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european union

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EU Approves EUR2B Precautionary Financial Assistance For Romania
Macroeconomics

EU Approves EUR2B Precautionary Financial Assistance For Romania

The European Union Council has approved a new EUR2 billion precautionary financial assistance program for Romania in conjunction with a similar two-year loan from the International Monetary...

Florentina Dragu · 23.10.2013 · 21:21 · 1 min
Macroeconomics

EU Removes Romania From Excessive Deficit Procedure

The European Union Council Friday has closed excessive deficit procedures for Romania, confirming that the country has reduced its budget deficit below 3% of the gross domestic product, the...

Florentina Dragu · 21.06.2013 · 15:25 · 1 min
EU Says Romania Should Be Removed From Deficit Procedure
Macroeconomics

EU Says Romania Should Be Removed From Deficit Procedure

The European Commission Wednesday recommended Romania be removed from the list of countries with excessive deficits in light of the country’s progress in lowering the budget gap below the bl...

Florentina Dragu · 29.05.2013 · 16:36 · 1 min
Basescu: Romania Maintains Goal To Enter Euro Area In 2015
Social/Politics

Basescu: Romania Maintains Goal To Enter Euro Area In 2015

Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding the country has no reason to change this goal and failing to meet it would...

Manuela Panescu · 13.09.2012 · 22:05 · 1 min
Social/Politics

Romania Might Get More Than EUR40B From EU For 2014-2020

Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs.

Radu Bostan · 03.09.2012 · 13:48 · 1 min
Banks-Insurance

WB: Romania Must Consider Local Problems, Competitiveness When Asking For EU Funds In 2014-2020

Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country man...

Radu Bostan · 25.06.2012 · 16:00 · 1 min
Five Years Since EU Integration: Where Does Romania Stand?
Social/Politics

Five Years Since EU Integration: Where Does Romania Stand?

Has accession to the European Union brought Romania any palpable advantage? If the question seems nonsensical, let me rephrase it: has Romania in the five years since it joined the EU receiv...

Radu Bostan · 03.02.2012 · 00:00 · 4 min
Social/Politics

European Commission To Decide Whether To Suspend Funding For Romania

The results of several audit missions of the European Commission (EC) on how EU non-repayable funds are used in Romania are now under review in Brussels. The partial or total suspension of f...

Iulian Anghel · 10.06.2011 · 00:00 · 1 min