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EC Might Start Excessive Def Procedure Against Romania Anytime- PM

09:57, 24 Feb. 2009
Romania is not definitively free of the risk of being sanctioned by the European Commission for an excessive deficit in 2008, because the Commission can start this procedure anytime, Prime Minister Emil Boc said Monday evening.

EC Launches Excessive Deficit Procedure Against 6 Member States, Romania Not Analyzed Yet

13:56, 18 Feb. 2009
The European Commission launched Wednesday the excessive deficit procedure against six EU member states, after considering the exceptional circumstances of the ongoing sharp economic downturn, while Romania has not been yet analyzed by the Commission.

Romania Is A Net Beneficiary Of The EU Budget – Official

15:42, 17 Feb. 2009
Romania is a net beneficiary of the EU budget, Cristina Arigho, EC spokesperson for financial programming and budget, said Tuesday in a press conference.

EC Report: Romania’s Pace Of Progress Has Not Been Maintained

14:37, 12 Feb. 2009
The European Commission said in the report on Romania’s justice system, presented Thursday, that the pace of progress has not been maintained and suggested that the Romanian authorities regain momentum on judicial reform and the fight against corruption.

EC Report: Romania Must Prove Efficiency By Speeding Up Treatment Of High-Level Corruption Cases

14:25, 12 Feb. 2009
The European Commission’s report on Romania’s justice system, presented Thursday, notes that it will be crucial for Romania to achieve significant and irreversible progress by summer and the country must speed up its treatment of high-level corruption cases.

EC Report: Romanian Anticorruption Dept Continues Positive Track

14:18, 12 Feb. 2009
The European Commission’s report on Romania’s justice system, presented Thursday, states that the country’s Anticorruption Department DNA continues to show a stable and positive track record for prosecuting cases of high-level corruption.

European Commission Presents Justice Report On Romania Thursday

15:31, 11 Feb. 2009
The European Commission will present the monitoring report on the Romanian justice system Thursday, Commission spokesman Mark Gray said in a press conference Wednesday.

Romanian Govt May Ask IMF, EC For A Loan – PM

21:07, 29 Ian. 2009
Romania has indeed problems with the external deficit financing, but has several options such as taking a loan from the European Commission or the International Monetary Fund, none of the solutions being excluded, Prime Minister Emil Boc said Thursday.

EC Initiates 2nd Stage Of Infrigement Against Romania, On Energy Efficiency

15:21, 29 Ian. 2009
The European Commission initiated the second stage of the infringement procedure against Romania, alongside other 19 European union member states, as it failed to communicate its transposition of the Energy Services Directive, the Commission said Thursday.

EC Launches Infringement Case Against Romania Over Independence Of Regulator

13:26, 29 Ian. 2009
The European Commission decided Thursday to launch infringement procedures against Romania, which breached EU rules regarding the independence of its national telecom regulator, the Commission said in a press release.

A 50% Hike In Romanian Teachers’ Salaries Would Impact Budget Def, Inflation – EC

20:15, 28 Ian. 2009
European Commission stated Wednesday that the implementation of the law on increasing teachers’ salaries by 50% would significantly impact Romania’s budget deficit, inflation and the entire economy, as it may trigger similar requests from other public sectors.

EC: Romanian Tax Sys Most Burdensome

19:25, 28 Ian. 2009
Romania operates one of the most burdensome tax administration systems in the world, as companies are paying 113 taxes per year, the European Commission warned in a progress assessment report Wednesday.

EC: Romania’s MP Elections Took Spot Before Econ Measures

17:33, 28 Ian. 2009
The Romanian authorities could have implemented a series of measures to counter the economic downturn as early as last August, but attention “shifted” to the campaign for the November elections, the European Commission said in a progress assessment report Wednesday.

EU Telecoms Commissioner Proposes Infringement Against Romania Over Telcom Regulator

16:32, 26 Ian. 2009
EU Telecoms Commissioner Viviane Reding will propose to the European Commission this week the launch of infringement procedures against Romania for state interference into the independence of the national telecom regulator.

EC Keeps Predictions On Romania’s Inflation At 5.7% In ’09 And 4% In ’10

15:33, 19 Ian. 2009
The European Commission, or EC, kept its prognosis regarding Romania’s harmonized index of consumer prices for 2009 and 2010 at 5.7% and 4% respectively, despite signs that the financial crisis has significantly impacted Romania's economy.

EC Sees Romania’s ’09 Budget Def Widening At 7.5% Of GDP, From 5.25% In ’08 – 2

13:47, 19 Ian. 2009
The European Commission, or EC, forecasts Romania's budget deficit to reach 7.5% of the gross domestic product in 2009, wider than 5.25% in 2008, due to an unfunded increase in pension benefits and the full impact of the 2008 cuts in the social security contribution rate.

EC Sees Romania’s ’09 Curr Acct Gap Narrowing To 11.9% Of GDP

13:27, 19 Ian. 2009
The European Commission, or EC, revised downwards its estimation on Romania's current account deficit in 2009, from 13% of the GDP previously seen, to 11.9% of the GDP, according to EC's winter prognosis published on Monday.

EC Cuts Romania’s 09 GDP Growth Forecast To 1.75%, From Previous 4.75%

13:14, 19 Ian. 2009
The European Commission cut sharply its forecast regarding Romania’s economic growth in 2009 from 4.75% previously estimated at 1.75%, due to a sharp reduction of credit growth, weakening confidence indicators and worsening labor market conditions.

Romania To Send EC In 7 Days Proposal To Amend Public Procurement Laws

16:08, 12 Ian. 2009
Romanian President Traian Basescu said Monday in Brussels after a meeting with European Commission President Jose Manuel Durao Barosso that Romanian will send the Commission in seven days a proposal to amend the public procurement law, in a move to make the use of EU funds more efficient.

Romania’s Talks With EC To Focus On Econ Crisis, Gas Issue, EU Funds – President

11:25, 12 Ian. 2009
Romanian President Traian Basescu said Monday, before leaving for Brussels to meet with European Commission president Jose Manuel Barroso, that talks will mainly focus on the economic crisis, the gas crisis and accessing EU funds.

EC Pledges To Seek Sol On Russian Gas Supplies Issue – Romanian Govt

14:05, 06 Ian. 2009
Romanian Prime Minister Emil Boc called Tuesday the European Commissioner for Energy, Andris Piebalgs, who gave assurance that he and the European Commission president will jointly seek solutions regarding the Russian gas supplies cut, according to a press release of the government.

EC: Romania Should Lift Car Tax For Used Cars Registered In EU Until Dec 2009

15:48, 09 Dec. 2008
The European Commission officially responded to the Romanian government’s decision to introduce a one year exemption from the car tax, but noted a “technical problem”, saying the exemption should be granted for used cars registered in EU during the exemption period but brought into Romania later.

EC Extends SAPARD Funds Payment Deadline For Romania, Bulgaria By One Year

18:41, 02 Dec. 2008
The European Commission adopted a decision Tuesday allowing Bulgaria and Romania to extend the deadline for payments of SAPARD funds by one year, from 31 December 2008 to 31 December 2009, according to a press release issued by the European Commission.

Romanian Govt Drafted Decree Lifting Tax On New Cars As Of Dec 15 Pending EC Reply

11:14, 28 Nov. 2008
Romanian Prime Minister Calin Tariceanu confirmed Friday that the government plans to put off by two weeks, until Dec 15, the date when the car tax exemption on new cars becomes effective, adding the date could be moved up if the European Commission sends a reply by mid-December.

European Commission Extends Romania’s SAPARD Program Until End 2009

12:19, 06 Nov. 2008
The European Commission approved Romania’s request for a one year extension, until end 2009, in the country’s SAPARD fund absorption, agriculture minister Dacian Ciolos said Thursday.

EC: Romanian Current Acc Def Seen Slowing In ’08, ’09

13:35, 03 Nov. 2008
The European Commission sees Romania’s current account deficit slowing in both 2008 and 2009 to 13.5% and 13% of gross domestic product, respectively, lower compared to the Commission’s previous forecasts.

EC: Romania’s GDP Growth Seen Slowing To 4.7% In ’09 From 8.5% In ’08

12:47, 03 Nov. 2008
Romania’s gross domestic product is seen slowing to 4.7% in 2009, against an estimated 8.5% growth this year, and will pick up slightly in 2010 to a 5% growth, the European Commission said in its fall economic forecast Monday.

EC Approach In Romanian Craiova Automaker Sale Was „Unnatural” – PM

12:59, 28 Oct. 2008
The European Commission, or EC, had an unnatural approach in the Romanian auto assembly plant Automobile Craiova sale to US automaker Ford, and the state could have got more if it had not asked for the keeping of the factory’s business and jobs, Prime Minister Calin Tariceanu said.

EC Warns Romanian Prv Auth On Distrigaz, Electrica Sale Terms – Sources

17:13, 16 Oct. 2008
European Commission warned Romanian Privatization Authority AVAS that some terms in the sale contracts of local gas and electricity distributors Distrigaz Sud, Nord and Electrica Dobrogea, Banat could breach the EU norms, by conferring special rights to the state, AVAS sources told MEDIAFAX Thursday

EC Proposes Hike Of Min Deposit Guarantee To EUR100,000

14:34, 15 Oct. 2008
The European Commission has proposed to increase the minimum deposit guarantee threshold to EUR100,000 in one year, from EUR20,000 at present, while the payout period in the event of bank failure is to be reduced from three months to three days, the Commission said.

Romanian Govt Conveys Additional Info To EC On IT&C Auth Reorganization

19:06, 19 Sept. 2008
The newly established authority by reorganizing Romania's IT&C regulator ANRCTI is still subordinated to the government and keeps similar reports with other institutions, the Romanian government said Friday in response to the EC’s request for additional information on the matter.

EC Recommends Romania Tightens Fiscal Policy, Reduces Bureaucracy

19:47, 15 Sept. 2008
The European Commission recommended Romania should tighten its fiscal policy and reduce bureaucracy, European Commissioner for Multilingualism Leonard Orban said Monday.

EC To Probe Romania’s EUR57M State Aid To Ford For Employees’ Training

15:16, 10 Sept. 2008
The European Commission has launched an investigation regarding a state aid worth EUR57 million given by Romania to Ford Motor Co. (F) for training the employees’ at Automobile Craiova, alleging it might represent a supplementary advantage than the one stipulated in the contract.

Romanian MEP Asks EC To Sack Gray Over ‘Unprofessional’ Statements

13:04, 10 Sept. 2008
Romania’s European lawmaker, Adrian Severin, member of the Social Democratic Party, on Tuesday demanded the resignation of EC spokesperson Mark Gray, should he be found fully responsible for his statements on the Romanian procedure to appoint chief prosecutors.

Cosmote Romania To Cut Roaming Tariffs To EC Levels

13:21, 27 Aug. 2008
Mobile operator Cosmote Romania will lower Saturday, August 30, its roaming tariffs to the level imposed by the European Commission. Thus the tariffs for EU outgoing calls will reach EUR0.46/minute, while calls received from EU states will cost EUR0.22/minute, VAT excluded, Cosmote announced.

EU Warns Romania On Growing Budget Def, Recommends Fiscal Consolidation

13:12, 13 Iun. 2008
The European Commission warned Romania that it must accelerate its structural reforms and fiscal consolidation in order to avoid the overheating of the economy, the EC said in a report Friday.

EC To Advise Romania Wed To Avoid Excessive Budget Def – Sources

15:38, 10 Iun. 2008
The European Commission will make Wednesday a recommendation to Romania to keep this year’s budget deficit below the Maastricht limit of 3% of gross domestic product, European sources told MEDIAFAX news agency.

EC Sues Italy, Poland For Failure To Enact Free Movement Laws For Romanians

16:52, 06 Iun. 2008
The European Commission on Wednesday said it referred Italy and Poland to the European Court of Justice for failing to implement Community laws on freedom of movement, following the accession of Romania and Bulgaria.

Romanian Govt Sent Car Tax Ordinance To European Commission

12:53, 23 Apr. 2008
The Romanian government sent the European Commission Tuesday the text of the emergency ordinance introducing the new car pollution tax, approved Monday, along the annexes setting the new car tax calculation method, people close to the matter told MEDIAFAX Wednesday.

EC Acts To Ensure Romanian, Bulgarian Workers Treated Equally Across EU

17:38, 08 Apr. 2008
The European Commission decided to refer eight member states to the European Court of Justice over their failure to comply with the amendments to Directive 2006/100/EC on free movement of persons following the accession of Romania and Bulgaria, EC said in a statement.