EC

The new minister of Finance, Alexandru Nazare has received a letter from the European Commission on December 29, 2020, with the authorities in Brussels voicing intention to discuss and collaborate with the Government in Bucharest on the…

Based on the Commission 2020 autumn forecast and the analysis of recent macroeconomic and budgetary developments, Romania is not set to make the adjustments that would be necessary in order to ensure that the excessive deficit is corrected…

Romania’s economy is set to recover from a fall in output in the first half of the year due to the COVID19 crisis, according to the "Autumn 2020 Economic Forecast" released by the European Commission on Thursday. Although the contraction…

Three of the world’s most eminent scientists have criticised the European Commission’s intention to drastically cut photonics funding over the next seven years. Digital innovation which drives economic growth and creates jobs all across…

Romania has lost EUR 6.595 billion in 2018 from non collected VAT, according to a report on the VAT Gap released by the European Commission. In 2018, the estimated VAT Gaps among Member States ranged from 0.7% in Sweden, to 33.8% in…

The European Commission has announced on Thursday that it had Okayed a EUR 875.5 million investment from the Cohesion Fund for the construction of the first phase of the Sibiu-Piteşti highway, reads an EC press release. The European…

ALUM S.A., the only calcined alumina producer in Romania, is one of the stakeholders of the ReActiv project, an initiative aiming to reduce waste and CO2 emissions by transforming bauxite residue, the main by-product of the alumina sector,…

The Romanian economy showed signs of resilience in the first quarter of the year, says the latest economy forecast released by the European Commission today. The EC says that the real GDP increased by 2.4% year-on-year (0.3%…

The European Commission has today decided to refer Romania to the Court of Justice, with a request for financial sanctions, following the lack of notification of transposition measures of the Trade Mark Directive (Directive (EU) 2015/2436).…

The European Commission has approved an investment of EUR 47 million from the European Regional Development Fund to build and equip an emergency hospital in Cluj-Napoca, Romania, to serve the citizens in the North-West region of the…