eu funds

General Prosecutor: DNA To Handle Tel Drum EU Funds Embezzlement Case

Romanian General Prosecutor Augustin Lazar announced on Wednesday that he decided that the country’s National Anticorruption Directorate (DNA) has competency over an EU funds embezzlement case involving Lower Chamber Chairman Liviu Dragnea.

Romanian Youth Council Requests Government And EU To Find Solutions For Youth Employment Funds

The Romanian Youth Council requested the European Commission and its country’s Government to find solution for unblocking EU funds for youth employment, as Romania used only a fraction of its allotted funds for the initiative, in a statement issued on Thursday.

Sibiu Mayor: Accession To Western Alliance Would Be Opportune

The Mayor of Sibiu, Astrid Fodor, said on Tuesday that her city’s accession to the Western Alliance – a collaboration protocol signed by mayors of four major Western Romanian cities – would be opportune if the alliance would accept to extend its objectives for Central Romania.

Romanian Authorities To Process Refund Requests For EU Farming Aid Within 45 Days

Reimbursement requests for EU farming aid will be processed within 45 days, the same as in the case of structural and cohesion funds, Romania's Government announced.

Romania To Create Telecom Network In 2015 For Unconnected Areas, With EUR84M From EU

Every area of Romania still without Internet coverage will be provided with such services starting in 2015, upon the completion of a telecom network financed by the European Union with EUR84 million, Communication Minister Valerian Vreme said Tuesday.

Romanian Govt Wants To Allot Redirected EU Funds To Develop High-Power Laser

The Romanian Government’s priorities in allotting redirected EU funds are the development in Magurele, southern Romania, of a high-power laser of over EUR200 million, the projects regarding the thermal rehabilitation of homes and road upgrade projects, Prime Minister Emil Boc said Tuesday.

Romanian Govt Pledges To Cut National Co-Financing Rate For EU-Funded Projects By 10 Pct

The Romanian Government wants to temporarily reduce the national co-financing rate for EU-funded projects by 10 percentage points, based on a new EU regulation which increased the European contribution rate.

Romania To Sign EU Financing Contracts Worth EUR250M For Infrastructure Projects By 2012

Romanian Transport Minister Anca Boagiu said that, by the end of the year, the ministry will sign European financing contracts worth EUR250 million for infrastructure investments, raising the total current value of contracts to EUR1 billion.

PM: Romanian Govt Wants EU Fund Absorption Rate Of At Least 20% In 2012

Romanian Prime Minister Emil Boc said Thursday the Government wants Romania to reach a European fund absorption rate of at least 20% in 2012, as the money attracted will help the country’s economy.

Romanian Development Minister Wants At Least EUR1B In Redirected EU Funds

Romania’s Tourism and Regional Development Minister Elena Udrea said Wednesday she asked authorities to direct to the ministry at least EUR1 billion in EU funds other ministries failed to absorb.

EXCLUSIVE: Romanian PM Might Propose Setting Up Ministry For EU Funds This Week

Romanian Prime Minister Emil Boc this week might put forward a proposition to set up a Ministry for European Funds, democrat liberal MP Sulfina Barbu told MEDIAFAX.

Romania To Fund EU Projects, Recover EU Money After Check-Ups – PM

Romania will finance EU projects from the state budget and the Government will send the bills to the European Commission to recover the EU funds only after double-checking all the documents, Prime Minister Emil Boc said Thursday.

Romanian Ministers Must Apply Finacial Correction For EU Projects, In Case Of Faulty Actions

Romanian Prime Minister Emil Boc on Wednesday called on ministers and authorities that manage European funds to make financial corrections in the case of EU-funded projects where national rules on public procurement have been violated.

Romanian PM: EU Funds For Overdue Contracts Should Be Directed To Other Projects

Romanian Prime Minister Emil Boc asked the ministers to penalize EU fund beneficiaries who are overdue in implementing their projects, so that the money can be diverted towards other European developments.

Romanian PM: Ministers To Terminate Late, Fraudulent EU-Funded Contracts

Romania's ministers have been tasked to terminate EU-funded contracts whose implementation is unjustifiably overdue or which have been awarded through fraudulent auctions, a decision prompted by the very low level of EU reimbursements, Prime Minister Emil Boc said Thursday.

Romania’s New Ministry To Manage EU Fund Coordination, Audit Authorities – Sources

Romania's proposed Ministry of European Affairs will manage the Structural Instrument Coordination Authority (ACIS) and, probably, the Audit Authority attached to the Court of Accounts, but not the individual ministries' project management authorities.

Romanian PM Asks Ministers To Explain Missed EU Fund Absorption Targets – Sources

Romanian Prime Minister Emil Boc on Thursday reproached the ministers for failing to keep their promises to improve European fund absorption and asked to have a report within one week, people close to the matter told MEDIAFAX.

EIB Official: Romania Registers Delays In All Stages Of EU Fund Absorption Process

Romania registers delays in all phases of the EU fund absorption process, also because financing must be ensured before projects are approved, Milena Messori, director of the European Investment Bank office in capital Bucharest, said Thursday.

Romanian PM Says He Appreciates Transp Min Endeavor To Attract EU Funds

Romanian Prime Minister Emil Boc said Friday he appreciates the effort made by the Transport Ministry to attract European funds.

Romania Must Pay Back EUR75M To EC For Misuse Of EU Funds For Agriculture

The European Commission claims back EUR74.9 million from Romania, as the country misused European agricultural policy funds.

Romanian Transp Minister Wants To Up EU Fund Absorption Rate To 20% In 2011

Romanian Transport Minister Anca Boagiu wants to increase the level of European fund absorption by 16 percentage points, from 4% to 20% by the end of 2011.

Romania’s PM To Manage EU Project Management Unit Directly

The Romanian Structural Instrument Coordination Authority (ACIS) will be transferred from under the authority of the Finance Ministry to the prime minister, to monitor European fund absorption, Prime Minister Emil Boc announced Wednesday.

Romanian PM Calls For Shared Responsibility In Absorbing EU Funds

Romanian’s Prime Minister Emil Boc said Friday the Government and the business environment must share responsibility concerning the absorption of European funds.

EU Grants RON515M For 45 Romanian Investment Projects

Some 45 Romanian companies in several sectors of activity will receive non-reimbursable financing worth a total 515.3 million lei (EUR1=RON4.2878) for investment projects, through the “Increase of Economic Competitiveness” sectoral operational program, the Economy Ministry said Monday.

Romania’s EU Fund Absorption This Yr Unlikely To Exceed 2009 Level – Ctrl Bker

Romania’s European fund absorption in 2010 will be lower than the level registered last year, only exceeding it in agriculture, central bank governor Mugur Isarescu said Tuesday.

EXCLUSIVE: Romanian Govt To Improve EU Fund Absorption Via Well-Paid Experts, Exacting Contracts

Romania's Government has developed a plan to improve community fund absorption, which includes a hiring thaw, high salaries in managing bodies and strict requirements for EU contracts, due to concerns that the funds may be withdrawn by the European Commission in 2012 without such a program.

Romanian State Employees Handling EU-Funded Projects Might Get 75% Salary Raise

Romanian public sector employees handling projects financed from European Union funds might benefit from a 75% raise in salaries, which would be covered from funds assigned for the respective projects, not from the state budget funds, says a draft emergency decree proposed by the Labor Ministry.

Romania Fails To Use 95% Of EU Funds – EC Official

Romania fails to use about 95% of the EU funds it has at its disposal, which calls for reform in its public administration, which should be depoliticized, an official of the European Commission said Tuesday.

Romania PM Warns Contracts For EU Projs Are Terminated Unless Terms Observed

Romanian Prime Minister Emil Boc Saturday warned local mayors and county council heads at a party meeting that contracts for EU-funded projects are to be terminated, regardless of political affiliation, unless contract terms are observed.

Romanian Investors Say Bureaucracy Stalls EU Funds Accession

Romanian large private companies hesitate in drawing European funds for investments as the projects’ implementation lasts very long and the market’s needs change rapidly, several investors said Monday during a debate.

Romania Ranks 8th In EU By European Agriculture Funds Attracted In 2009

Romania is ranked eighth in the European Union by EU agriculture funds attracted in 2009, which amounted to EUR2.1 billion, according to data released by the European Commission’s department on Common Agriculture Policy (CAP).

Romanian Purchases Via EU-Funded Projects To Be Checked Regardless Of Value – Draft

Purchases made through projects financed from European Union non-reimbursable funds will be checked by the Department Coordinating and Verifying Public Purchases, regardless of their estimated value and the way they were assigned, says a draft emergency decree drawn up by the Finance Ministry.

Romanian Entrepreneurs Compelled To Return Funds If EU Projects Carried Out Illegally – PM

Romanian Prime Minister Emil Boc Friday warned the representatives of small and medium enterprises (SMEs) that they will be compelled to return the money granted by the European Union if their EU-financed projects are not transparent and do not observe the law.

Romanian PM Says EU-Funded Projects Stalled Because Of Poorly Drafted Papers

Romanian Prime Minister Emil Boc on Sunday asked county prefects countrywide to check all contracts financed from European Union funds and stressed that projects using EU funds are stalled for almost one year due to poorly drafted papers.

IMF Worried About Poor EU Fund Absorption Rate In Romania

The Internationally Monetary Fund is concerned about the weak absorption rate of European funds in Romania and will work with the authorities to identify new ways to step up the process, IMF mission chief Jeffrey Franks said Tuesday.

PM Frowns On Romania’s Low EU Fund Absorption Rate, Fears Country Might Lose The Money

Romanian Prime Minister Emil Boc on Tuesday said he is displeased with Romania’s low absorption rate of European Union funds, which, he stressed, might prevent Romania from using all EU grants at its disposal in 2010.

President Says Romania Could Overcome Crisis More Easily If It Used EUR30B EU Funds

Romanian President Traian Basescu said Monday, in the presence of the President of the Palestinian National Authority, Mahmoud Abbas, that Romania could overcome the economic crisis “more easily” if it used the EUR30 billion non-reimbursable funds from the European Union.

Romanian Ministers, Prefects To Present Monthly Reports On EU Fund Adsorption, Investments – PM

Romania’s Prime Minister Emil Boc said Sunday he will set up a system monitoring EU fund absorption and public investments, adding that the ministers and prefects who will not “fight to get each penny” granted by EU will “leave”.

Unclear Procedures, Red Tape, Refund Delays Hinder Romania’s EU Funds Absorption

Unclear procedures, excessive red tape, petty pre-financing, huge delays in reimbursements and beneficiaries’ complaints, are the main factors leading to a low absorption rate of European Union Funds in Romania, Oana Preda, head of the Resource Center for Public Participation, said Tuesday.

Environment Minister Says Romania Lags Behind On EU Funds Absorption

Romanian Environment Minister Laszlo Borbely on Sunday said Romania is among the first European Union countries in terms of large infrastructure contracts concluded, and among the last EU countries by absorption of EU funds upon concluding contracts, on lack of high project management procedures.