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First Tranche Of EU Loan To Romania Has 3.125% Annual Interest, Matures In 2015

13:21, 28 Iul. 2009

The first tranche, worth EUR1.5 billion, from the total EUR5 billion loan taken by Romania from the European Union has an annual interest of 3.125% and matures in 2015.

Romania Received First EC Loan Tranche Worth EUR1.5B – State Secretary

09:51, 25 Iul. 2009

Romania received the first part worth EUR1.5 billion of the loan from the European Commission, state secretary within Romania’s Finance Ministry, Gheorghe Gherghina told MEDIAFAX.

Romanian Min Deems Upcoming EC Report Null, Insignificant For Country’s Legal Sys

10:49, 20 Iul. 2009

Romanian minister for the relation with Parliament, Victor Ponta, said Monday, before the meeting of the country's ruling coalition, that the European Commission’s upcoming report on Romania’s justice system is "null and void" and represents nothing for Romania's legal system.

Romania To Urge IMF, EC To Double State Guarantee Cap – PM

16:44, 18 Iul. 2009

Romania will urge the International Monetary Fund (IMF) and the European Commission (EC) to double the state guarantee ceiling, currently set at EUR1.4 billion, in order to extend the mechanism in agriculture and at the level of local administration, Prime Minister Emil Boc said Saturday.

Romanian MEPs Say EC Justice Report Criticizes Parliament For Decisions On Immunity, Prosecution

13:13, 17 Iul. 2009

A draft EC report on Romania’s progress in the justice field, due for release on July 22, requires Parliament to automatically validate prosecutors’ requests to investigate lawmakers of government members, according to a statement of social democrat MEPs.

Romania Hasn’t Complied With EU Waste Mgmt Rules, EC May Trigger Infringement

12:55, 16 Iul. 2009

Romania hasn’t managed to close all its substandard landfills by Thursday and the European Commission can trigger infringement procedures over defective waste management anytime.

Romanian Transporters To File Complaint At EC Over Excessive Fines By Hungarian Authorities

20:15, 10 Iul. 2009

Two transport organizations in Romania, namely APTE 2002 and FORT, will file a complaint at the European Commission against the fines applied to Romanian transporters by Hungarian road control authorities, MTI news agency informed, citing the leaders of the two organizations.

“First Home” Program Meets EU Rules On State Guarantees – Romanian PM

13:56, 09 Iul. 2009

The “First Homese” program complies with all European Union norms regarding state guarantees, Romanian Prime Minister Emil Boc said Thursday.

EC Asks Romania For Information On „First House” Program In Routine Procedure

13:23, 09 Iul. 2009

The European Commission has recently asked Romanian authorities for information on the "First Home" program, EC spokesperson Jonathan Todd said Thursday, adding that it was just a routine procedure.

EC To Present MCV Report And EU Fund Management Report For Romania, Bulgaria – Spokesman

16:08, 02 Iul. 2009

The European Commission will present an annual report regarding Romania and Bulgaria’s progress in the fight against corruption and a separate report on the management of EU funds in the to countries, EC spokesman Mark Gray told a news conference Thursday.

EC Urges Romania To Ensure Energy Market Competitiveness

14:29, 25 Iun. 2009

The European Commission sent Romania letters of formal notice for not complying with applicable gas and electricity regulations and for maintaining a system of regulated prices in violation of the EU directives on electricity and gas, respectively, in the first stage of the infringement procedure.

EC Calls On Romania to Disacrd Household Energy Regulated Prices – Energy Watchdog Official

12:48, 25 Iun. 2009

The European Commission asks Romania to give up the household regulated electricity tariffs, in a notification on the startup of an infringement procedure, Thursday said Maria Manicuta, a manager in the country’s energy regulation authority ANRE.

EC: Romania Must Reduce Budget Deficit Below 3% Of GDP By 2011

14:15, 24 Iun. 2009

The European Commission on Wednesday concluded that Romania is running an excessive deficit, and the country has to reduce the budget deficit to below 3% of the gross domestic product by 2011.

EC, Romania Sign MoU On EUR5B Financial Assistance

14:27, 23 Iun. 2009

Romania and the European Commission reached agreement on a EUR5 billion balance-of-payments loan, to help Romania weather the financial crisis.

Romania, EC To Sign EUR5B Loan Agreement By Monday

20:14, 16 Iun. 2009

Romania and the European Commission will sign by Monday the memorandum of understanding and the loan agreement on the EUR5 billion financial support, the Finance Ministry said Tuesday.

EC Hasn’t Decided On Timing Of Next Justice Report On Romania – EC Spokesman

14:39, 09 Iun. 2009

The European Commission has not yet made a decision on the timing of its next progress report on Romania’s justice system, originally scheduled for July, Commission spokesman Mark Gray told MEDIAFAX Tuesday.

Romania To Notify EC In July On Reorganizing Energy Sector – Econ Min

13:32, 09 Iun. 2009

Romania will notify the European Commission at the end of July about its plans to reorganize the country’s energy sector, Economy Minister Adriean Videanu said Tuesday.

EU Clears Romanian Plan To Help Companies With Financing Difficulties

13:33, 08 Iun. 2009

The European Commission on Monday authorized Romania to give aid to companies with financing difficulties as a result of the credit squeeze in the current economic crisis.

Romania’s Schengen Area, Eurozone Accession Conditioned By EC Justice Report

13:16, 04 Iun. 2009

Romania still risks sanctions from the European Commission over its justice system, which, according to procedure, can entail the suspension of the country’s voting rights in the Council, amid a growing tendency to condition Romania’s Schengen area and Eurozone accession by the EC justice report.

EC Calls For Romania’s Support In Finding A Swine Flu Vaccine

14:04, 02 Iun. 2009

The European Commission has called for Romania’s support in finding a vaccine against the new H1N1 flu virus, the Health Ministry said Tuesday.

Romania Risks EC Infringement Over Waste Management

16:42, 26 Mai 2009

Romania risks infringement procedures by the European Commission this fall because it failed to meet environmental commitments and shut down substandard landfills, Romanian environment minister Nicolae Nemirschi said Tuesday.

EC Launches Excessive Deficit Procedure Against Romania

13:03, 13 Mai 2009

The European Commission initiated Wednesday the excessive deficit procedure for Romania, which posted a budget deficit of 5.4% of the gross domestic product in 2008, after concluding the excess was not exceptional and temporary.

EC Spokesman Deems Speculations On Romanian Justice Report Aftermath Premature

14:29, 11 Mai 2009

It is premature to speculate on what will happen after the European Commission issues its report on the Romanian justice system, EC spokesman Mark Gray told MEDIAFAX Monday, in reply to statements made by the Romanian Senate chairman, who said Romania risks losing EU funds.

EC Loan To Romania To Be Granted In Max 5 Tranches In 3 Yrs

13:16, 08 Mai 2009

The European Commission’s EUR5 billion loan approved for Romania will be assigned in maximum 5 tranches during three years and will be reimbursed in 7 years at most, the European officials periodically verifying if the Romanian authorities respect the assumed engagements.

Annual Interest Rate For Romania’s EUR5B Loan From European Commission Sets At 3% -Fin Min

10:39, 07 Mai 2009

The interest rate for Romania’s EUR5 billion loan from the European Commission sets at 3% per year, compared with interest rates between 11.5% and 12% for state bonds on the domestic market, minister of Finance Gheorghe Pogea said Thursday.

EC Loan Not Conditioned By Romania’s Justice Reform – EC Official

14:25, 06 Mai 2009

The European Commission is not conditioning a EUR5 billion loan to Romania to the country’s progress in fighting corruption, Amelia Torres, spokesperson for EU Commissioner for Economic and Monetary Affairs Joaquin Almunia, told MEDIAFAX Wednesday.

EC Experts Say Romanian Govt Should Direct Investments To Workforce

13:36, 05 Mai 2009

European Commission experts present in Bucharest to carry out an evaluation and prepare July’s country report took part in the ministers’ meeting on the topic of Communitarian funds and suggested the Romanian Government should direct investments to the development of human resources.

EC Sees Romania’s ‘09 Budget Def At 5.1% Of GDP Vs 7.5% Of GDP In Previous F’cast

13:54, 04 Mai 2009

The European Commission revised down its forecast on Romania’s budget deficit in 2009, at 5.1% of the gross domestic product, from previously seen 7.5% of GDP, according to the Commission's economic spring forecast released Monday.

EC Sees Romania’s Average Inflation At 5.8% In ’09

13:53, 04 Mai 2009

The European Commission revised slightly down its forecast on Romania’s average inflation rate in 2009 to 5.8% from 5.7% it estimated in January.

EC Revises Dn Romania’s GDP Growth Forecasts To -4% In ’09, 0% In ’10

13:52, 04 Mai 2009

The European Commission revised downwards its forecast on Romania’s GDP growth, estimating a 4% contraction in 2009, and a stagnation in 2010, compared with its January’s estimates of 1.75% GDP growth in 2009, followed by a below 2.5% growth in 2010.

EC Sees Romania’s Jobless Rate At 8% In ’09

13:46, 04 Mai 2009

The European Commission revised upwards its forecast on Romania’s unemployment rate in 2009, at 8%, from 7% it predicted in January.

Romania To Get 1st Tranche Of EC Loan End-June

19:49, 29 Apr. 2009

Romania will receive the first tranche worth of EUR1.5 billion from the EUR5 billion loan granted by the European Commission by the end of June or early-July, Finance Ministry secretary of state Gheorghe Gherghina said Wednesday.

Romanian Govt Accounts For Recent Public Service Decentralization Measures

15:18, 24 Apr. 2009

The Romanian government said failure to adopt urgent measures aiming to eliminate managing positions of decentralized services would seriously affect public administration and management proceedings, and stressed its recent act on the matter is based on EC recommendations aiming to cut spending.

EC Proposes European Council To Provide EUR5B Financial Aid To Romania

18:23, 21 Apr. 2009

The European Commission agreed Tuesday to propose the European Council to provide medium-term financial assistance to Romania of up to EUR5 billion, as part of a multilateral package which will total up to EUR20 billion.

Romanian Govt OKs Budget Revision, Lump Sum Tax And Wage Bonus Cap

14:12, 11 Apr. 2009

Romanian government on Saturday approved the first budget revision of the year, the introduction of the lump sum tax, as well as an act limiting salary bonuses in the public sector.

EC Aims Romania To File Multi-Annual Financing Plan For Transport Projs

10:19, 01 Apr. 2009

The European Commission aims Romania to submit a multi-annual financing plan for co-financing projects in the transports field, the country's Ministry for Transports and Infrastructure MTI said in a statement Tuesday.

Romania Opposes To “Unique Corridors” Collocation In Nabucco Proj

16:22, 16 Mart. 2009

Romania blocked Monday, in the General Affairs and External Relations Council (GAERC), reaching a consensus on the European Council’s conclusions on March 19 in the package financing energy security, as the words "Nabucco project" were changed into "unique energy corridors."