EC

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…

The European Commission has urged Romania today to close, seal and ecologically restore 48 illegal landfills and to comply with the judgement of the Court of Justice of the EU of 18 October 2018. Under the Waste Framework Directive ,…

The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme…

Romania's economy will decline by 6% this year following the coronavirus pandemic and after the lockdown measures, according to the forecast on Romania released by the European Commission. The EC also says that our country's GDP will regain…

Romania has been nominated by the European Commission to buy, stock and distribute medical equipment for all the European Union countries affected by the novel coronavirus pandemic, the USR-PLUS Alliance announced on Tuesday. "USR PLUS…