funds

Iohannis: Romania agrees with granting European funds depending on the rule of law

Romania agrees with the project on granting European funds for an EU state depending on the observance of the rule of law, Klaus Iohannis has said in Brussels on Friday. The president added that the specialists "have more work to do" for developing practical criteria.

Romanian Local Authorities Must Allot Funds To Child Protection – Bill

Romanian local authorities must ensure financing for child protection to ensure the system’s functioning, according to a bill put up for public debate.

Minister: Romania Will Have Code Of Conduct For Staff Managing EU Funds

Romanian Minister for European Affairs Leonard Orban said Thursday the ministry will draw up by the end of November a code of conduct targeting those tasked with managing EU-funded projects to avoid cases of incompatibility and conflict of interest.

Romania Is Net Beneficiary Of EU Funds – Minister

Romania's Minister of European Affairs, Leonard Orban, said the difference between the funds Romania received from the EU between January 1, 2007 and June 30, 2011, and its contribution to the EU's budget is more than EUR4.9 billion.

EU Welcomes Any Initiative To Improve Romania’s Regional Fund Absorption

The European Commission said Tuesday that any initiative to improve Romania's absorption of regional funds is welcome.

Romanian Carmaker Dacia Asked For RON42M In State Aid In 2010 To Build New Logan Model

Romanian carmaker Automobile Dacia asked for 42.4 million lei (EUR10.5 million) in state aid last year to develop the X 52 project concerning a new Logan model to be launched in 2012.

Romanian Govt To Assign RON200M For Nursing Homes

Romania’s Government will assign 200 million lei (EUR1=RON4.1439) by the end of 2013 for the development of the country’s nursing homes, and the money will be allotted at the request of local authorities, according to the program’s methodology.

Romania Absorbed EUR1.9B In EU Funds, 10% Of Total Allowance

Romania had absorbed EUR1.9 billion in EU structural funds, excluding agriculture, by the end of 2010, accounting for only 10% of the total funds available for the period 2007-2013, Finance Ministry official Bogdan Dragoi said Wednesday.

Romania To Return Misused EU Farm Funds Of EUR41M

Romania will have to return EUR41.7 million to the European Commission for failure to use the money correctly under the Common Agricultural Policy (CAP).

Romania Needs EUR100M To Finish Bucharest-Ploiesti Highway

Romania’s Transport Ministry needs EUR100 million to finish the last segment of a highway linking capital Bucharest to the nearby city of Ploiesti, which was supposed to be finished this year but was moved to end 2011.

Romania, Switzerland Sign EUR135M Cooperation Agreement

Romania’s Government and the Swiss Federal Council signed Tuesday a frame agreement whereby Switzerland grants Romania EUR135 million (CHF181 million) in non-reimbursable funds to help reduce economic and social lags in the extended European Union, the Finance Ministry said in a statement Tuesday.

Romanian Govt Slashes Thermal Rehab Funds, Blames Crisis

The Romanian government slashed three quarters from the energy efficiency budget, to 11.7 million lei (EUR1=RON4.2327), as opposed to RON40 million, according to a decision adopted Wednesday.

Romanian Govt To Stop Funding Local Authorities Unless They Cut Staff Numbers – PM

The Romanian Government will halt the transfer of state funds to the local budgets unless local administrations cut back on the number of employees within the bodies and departments in their subordination until mid-August, Prime Minister Emil Boc said Sunday.

EC Report: 81% Of Pre-Accession Fund Fraud Cases Reported In Romania, Bulgaria

A European Commission report published Wednesday says 81% of the instances of irregularities with pre-accession funds in 2009 were reported in Romania and Bulgaria, accounting for 93% of the irregular amounts reported that year.

Romanian Govt To Adopt Fund Granting Decision For Dam Construction In NE Romania – President

The Romanian Government will adopt during its next week’s meeting a decision to provide the funds needed to build a dam in Buruienesti, a water-covered village in the northeastern part of the country, President Traian Basescu said Saturday during a visit to the areas hit by floods.

Several Pension Fund Managers To Withdraw From Mkt If Pvt Pension Contributions Reduced – Assoc

Lowering Romanians’ contributions to mandatory private pension funds (Pillar II) might cause several fund administrators to withdraw from the market, as shareholders of pension administrators will not sustain a business without being certain they will recover investments in a reasonable period.

Romanian Pharmacies Will Run Out Of Money By April – Pharmacists’ College

The Romanian Pharmacists’ College warns authorities that the sector’s situation is worsening and pharmacies will be penniless starting April.

Romania PM Says RON1.9B e-Romania Strategy Just A Project, No Funds Allotted So Far

Romanian Prime Minister Emil Boc on Wednesday said the future web portal e-Romania, estimated to cost 1.9 billion lei (EUR1=RON4.0821), is only a project backed by the Government and the Communications Ministry, arguing no money has been earmarked so far for the implementation of this system.

Romanian Students Set Off Protests Over Small Scholarships, Scarce Student Camp Budget

The National Union of Students in Romania (UNSR) said students will protest every day as of March 15 in front of the Education Ministry’s headquarters, demanding higher scholarships and more funding for student camps.

Romania Health Insurance House Has No Funds To Cover Compensated, Free Drugs – Producers

Romania’s Health Insurance House CNAS has no funds to cover compensated and free medicine in 2010, as its budget can only pay last year’s overdue debts of 2.800 million lei (EUR1=RON4.0923), Romanian Association of International Medicine Producers (ARPIM) director Dan Zaharescu said Friday.

Romania’s Cantacuzino Institute Gets RON1M State Funds To Unlock Vaccine Production

Romania's government decided in its meeting Wednesday to assign a total 1 million lei (EUR1=RON4.1092) to the Cantacuzino Institute needed to finalize a series of works and verify its vaccine production parameters and obtain all approvals needed to continue producing vaccines.

Romania PM: Govt To Earmark Extra Funds For 2010 Clunkers Program, If Necessary

Romanian Prime Minister Emil Boc on Tuesday said the government has enough financial resources to scrap at least 60,000 used cars in 2010, adding it will earmark extra funds for the 2010 clunkers program, if necessary.

Transport Min Says Romania Can Have 101 Km Of Highway Next Year Depending On Funds

Romania’s Transport Minister-designate Radu Berceanu said Tuesday Romania could have 101 kilometers in 2010 provided that financing is ensured.

NW Romanian International Airport Wants To Built 3,500-Meter Runway, Needs EU Funds

Romania’s International Airport Cluj-Napoca submitted to the Transport Ministry the documents needed to access European funds within the sector operational program to build a 3,500-meter runway, and the project requires a seven-kilometer deviation of river Somes’course.

Romania Farming Agency Received RON365M For Payments In Animal Husbandry Sector

Romania’s Agriculture Ministry assigned to the Agency for Payments and Intervention in Agriculture (APIA) the first tranche of 365 million lei (EUR1=RON4.2955) for national complementary direct payments in the animal husbandry sector, the ministry said in a press release.

Romanian Govt’s Budget Reserve Fund For 2009 Has Only RON7M Left – PM

The Romanian government’s budget reserve fund for 2009 currently has only 7 million lei (EUR1=RON4.2995) left but can be refilled by the end of the year with money left unspent by ministries, caretaker Prime Minister Emil Boc said late Wednesday.

Romanians Should Protest In The Street To Get Highways – Transports Minister

The Romanian Government would allocate more money for highway construction if people demanded this in the street, Transports Minister Radu Berceanu said Thursday in the Romania Construct Forum 2009 conference, organized by MEDIAFAX.

Romanian President Blasts Local Authorities For Poor Management Of State Funds

Romanian President Traian Basescu on Saturday said corruption is not the one eating up state funds in some sectors, but the bureaucracy in the respective sectors, and stressed most local authorities spend funds irresponsibly and then turn to the government for more money.

Romania Has Enough Funds To Pay Wages, Pensions – Fin Min

Romania has enough resources to pay pensions and salaries in the public sector, despite the economic crisis, Finance Minister Gheorghe Pogea said Monday.

Romania’s Govt Spent 45% Of ’09 Invest Funds By End-Jun – PM

Romania’s Government has spent EUR4 billion for investment projects until the end of July, representing 45% of the total amount assigned for investments in 2009, while the local authorities have used only 15-17% of the funds, Prime Minister Emil Boc said Friday.

Romania’s “First Home” Program To Gain Funds Next Yr Too, If Successful – PM

If the “First Home” program is successful, it will be further funded by state guarantees next year, Romanian Prime Minister Emil Boc said in a press conference on Saturday.

Romania Seeks Funds To Resume Works At Bucharest-Danube Canal

The Romanian Government is seeking funds worth EUR350 million to complete works at the Bucharest-Danube navigable canal, which might come from EU funds as well as from the state budget, Prime Minister Emil Boc said Thursday.

EC Unlocks EUR170M SAPARD Funds For Romania

The European Commission sent Saturday a letter to Romanian authorities, informing them SAPARD payments worth EUR170 million have been unlocked, Romanian agriculture minister Liviu Harbuz told MEDIAFAX.

Romanian Govt To Assign Over EUR100M For Infrastructure By Yearend –PM

The Romanian government will assign over EUR100 million until the end of the year to complete infrastructure works underway across the country, Prime minister Emil Boc said Sunday.

Romania Could Lose EUR1B Of EU Funds Unless It Amends Public Procurement Law – Liberal

Romanian Liberal Party vice-president Ludovic Orban called on the government to speed up amendments to the public procurement law, saying it breaches EU legislation and the country could lose E funds worth EUR1 billion.

German Parliament Decision On Funds For Romania Unrelated To MCV In Justice – TI

Transparency International Romania (TI-Ro) said the German Parliament’s decision to cut European funds for Romania was not taken as part of the Mechanism for Cooperation and Verification (MCV) in Justice, but depending on its results.

International Report Notes Problems With Rule Of Law In Romania

The resolution adopted Thursday by the German Parliament (Bundestag), demanding that EU cut aid to Romania, is based on a document by the Human Rights Commission, which noted “concern for the problems remaining in the way of the rule of law.”

Romanian Pres: EIB To Allot Romania EUR1B Each Year

The European Investment Bank will assign Romania around EUR1 billion each year in the next few years, Romanian President Traian Basescu said Thursday after meeting EIB management in Luxembourg.

Romanian Environment Min Finds Hundreds EU Fund Applications In Bathroom

Romanian Environment Minister Nicolae Nemirschi told a press conference Saturday that over 350 files submitted by mayors asking for European funds to set up parks or green spaces were found in a bathroom on the first flour of the Environment Ministry.

Bucharest Mayor Eyes Partnership With Skoda For Trams Maintenance

Bucharest Mayor Sorin Oprescu eyes partnership between the Central Repair Workshops of the public transport company RATB and the Skoda car plants, for assemblage and maintenance works to trams in Romania’s capital city.