EU funds absorption

European Commissioner for Regional policy, Corina Cretu has told a debate organized in Bucharest on Monday that Romania cannot afford „the luxury” of considering a RoExit. „Romania cannot afford the luxury of thinking of leaving the…

Although the Romanian economy is growing strongly, unemployment has fallen to a record low, and the financial sector is improving, without policy changes, the growth will turn increasingly fragile, International Monetary Fund (IMF) mission…

Romania got EU funds from the European budget of EUR 45.7 billion, accounting for an average of 2.8 percent/year of GDP in 2007-2017 period, National Bank of Romania (BNR) Governor Mugur Isarescu said Monday in a press conference. Of…

In the absence of significant revenue, 2017 seems to be the weakest of the last five in terms of absorption of European funds, based on the results of the first 11 months. The current absorption rate of EU funds on total operational…

Romania spent only 1.1 percent of the EU funding granted for the 2014-2020 programming period, amounting to EUR 400.4 million, while Bulgaria and Poland had 7.5 percent and 6.5 percent respectively, according to the European Commission (EC)…

The American Chamber of Commerce in Romania (AmCham Romania) signals potential budgetary slippages and emphasizes that the short term economic benefits of an optimistic budget can generate increased costs both for the business community and…

In the context of the public debates around the State Budget project for 2017, American Chamber of Commerce in Romania (AmCham Romania) reiterates the importance of a balanced budgetary projection, focused on economic growth and investment…

The absorption rate of European (EU) funds in July was at the same level as in the previous month, respectively 76.69 percent in 2007-2013 financial period, according to the Ministry of European Funds (MFE) data. The expenses value sent…

Romania gets a loan of EUR 360 million from the European Investment Bank (EIB) to finance the national contribution to growth-oriented investments during the 2014-2020 EU programming period under Operational Programmes targeting…

Romania’s economic growth is forecast to accelerate this year to 3.5 percent and next year to 4.1 percent and to remain strong in 2017, as fiscal stimulus spurs domestic demand at the price of a rising fiscal deficit, according to European…