projects

Fady Chreih: Regina Maria To Carry Out 18 Development Projects In 2017

Regina Maria, the second largest player on the Romanian private medical services market, has 18 ongoing development projects for 2017, which target expansions, relocations and modernization of existing locations, as well as greenfield projects, Chief Executive Officer Fady Chreih said on Wednesday.

Romania Contracted Projects Worth EUR4.5B Through Regional Operational Program

The EU-funded projects contracted by Romania through the regional operational program (POR) by the beginning of this week are worth EUR4.5 billion and exceed the budget allotted to the program, of EUR4.4 billion.

Bulgaria, Romania To Set Up Cooperation Council For Future Joint Cabinet Meetings

Romanian Prime Minister Emil Boc and his Bulgarian counterpart, Boiko Borissov, decided Wednesday to set up a high-level cooperation council tasked with preparing future joint Cabinet meetings.

Chinese Investors Vow To Bid For Romanian Projects

Chinese investors have assured the Romanian Government they will bid for major investment projects in Romania and will offer low prices for works and also inquired about state aid options.

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 Economy Ministry Signs First Financing Contracts For Young Entrepreneurs

Romania’s Economy Ministry signed Wednesday the first 70 contracts financing the businesses of young entrepreneurs through a government program.

Romanian Economy Ministry Signs First Financing Contracts For Young Entrepreneurs

Romania’s Economy Ministry signed Wednesday the first 70 contracts financing the businesses of young entrepreneurs through a government program.

Bucharest Mayor To Meet With Chinese Investors In Beijing

Bucharest Mayor Sorin Oprescu will make an official visit to Beijing, where he hopes to find investors for the city's projects, after the city councilors voted to slash the budget by over 1 billion lei (EUR1=RON4.2108).

Romanian PM Calls For Public-Private Projects, New Auction For Comarnic-Brasov Hwy

Romanian Prime Minister Emil Boc urged Cabinet ministers Wednesday to complete a list of public-private partnership projects by March and called for a new auction to award construction works for the Comarnic-Brasov highway.

Romania Launches EUR5.5B In EU-Funded Infrastructure Projects By End-2011

Romania’s Transport Ministry will launch EU-funded projects worth EUR5.57 billion by the end of next year, among which the construction of 289 kilometers of highway and the upgrade of 166 kilometers of railway, Transport Minister Anca Boagiu said Sunday.

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.

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.

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.

Norway’s Statkraft Avoids Romania In Its Investment Projects

Norwegian power producer Statkraft transferred investments projects worth up to EUR1.3 billion to emerging countries as Albania and Turkey, avoiding Romania due to its unfavorable political environment.

Romania Has 2,500 Projects Underway, Totaling EUR5.5B In EU Funds

Romania has approved 4,200 projects worth EUR9.7 billion to be funded with European money, of which 2,500 projects, worth EUR5.5 billion, have already been signed, Finance Ministry state secretary Bogdan Dragoi said Tuesday.

Co-Financing, Romania’s Main Problem In Attracting EU Funds – State Secretary

Romanian Tourism and Regional Development Ministry secretary of state Barna Tanczos said Wednesday that co-financing has become the country's main problem in absorbing European funds.

Romanian Econ Min Plans “Major” Chinese-Financed Projects In ’09

Romania and China intend to begin, this year, on the Romanian market, a series of “major” projects, with Chinese financing, and to encourage companies in the two states to collaborate in areas such as energy, infrastructure or environmental protection.

Romania, Georgia, Azerbaijan Tri-Party Gas Proj Seen Developing Faster Than Nabucco

The tri-party gas project developed by Romania, Georgia and Azerbaijan targeting liquefied natural gas (LNG) transport from the Caspian Sea to Europe, passing through Romania, will develop faster than Nabucco, according to Economy Ministry secretary of state Tudor Serban.

ESF Project Submission Deadline Extended In Romania Until Mar 31, 2010

The deadline by which Romanian companies can submit projects to draw non-reimbursable funds made available through the European Social Fund (ESF) was pushed back to March 31, 2010, and applications worth a total EUR22.61 million have been selected so far, from the EUR142.4 million allotted.

No. Of Farming Projects In Need Of Co-Funding Up 50% In ’09 – Romania Agric Min Official

The number of rural development projects in need of co-funding, submitted to Romania's Agriculture Ministry, was up 30-50% in 2009, in the fallout of the economic crisis, Agriculture Ministry secretary of state Liviu Harbuz said Tuesday.

Rural Devt Projs Exceeding EU’s EUR700M Limit To Be Financed From State Budget – PM

Romania’s eligible projects of village development that were not eligible for European funding because they exceeded the EUR700 million threshold set by the EU, will be financed from the state budget, in a national rural development program, Prime Minister Emil Boc said Thursday.

Romanian Privatization Money Could Support Agriculture Projects

Romanian agriculture ministry projects, using foreign non-reimbursable funds, will be temporarily financed through privatizations revenues, if the budget allocations of the institution, whose spending is about to be drastically reduced in the budget correction, are insufficient.

Romanian Bks Should Simplify Lending Procedure For EU Co-funded Projects

Banks in Romania should simplify the lending procedure for the projects co-funded by the European Union, on the backdrop of the economic crisis, as their beneficiaries will encounter problems due to the increase of costs, state secretary with the Economy Ministry Eugen Teodorovici said Saturday.

Danish Co Might Build Wind Farms In Romania, 2010-2012

Danish power producer Scan Energy might install wind farms in Romania between 2010 and 2012, following the acquisition of 170 large-scale turbines worth some EUR500 million from Germany’s Nordex, the latter said Thursday in a press release.

Romanian Agric Ministry Plans To Soften EU Funding Restrictions On Debtors

Romanian beneficiaries of SAPARD funding with debts to the Payment Agency for Rural Development and Fishing might be allowed to submit projects for EU funding as soon as they pay their debts and penalties, instead of a year later, as initially set.

New Inter-Committee Association To Develop Bucharest Infrastructure Projects

Bucharest city councilors approved, Friday, the creation of the Bucharest-Ilfov Inter-Committee Association for Development (ADIBI), with the purpose of jointly achieving projects targeting the development of the region, financed through structural and cohesion funding from the European Union.