funds

Romania’s CEC Needs Another RON900M Funds

Romanian state-owned lender CEC Bank needs another financing of 900 million lei (EUR1=RON3.8580), additionally to the similar amount already approved by the Government, CEC’s president Radu Gratian Ghetea said Thursday.

Romanian Fashion Designers Auction Off Christmas Trees For Charity

Famous Romanian fashion designers, such as Irina Marinescu, Kinga Varga and Carla Szabo, will auction off 18 fir-trees within the 2008 Charity Gala of the eighth edition of the Christmas Tree Festival to be held on December 8.

State Funds Are Insufficient For Bucharest’s Future Airport – Romanian Official

Romania’s future airport in the south of capital city Bucharest cannot be built from state funds alone, according to Sorin Stoicescu, air flotilla general and former head of the Civil Aviation Department within Romania’s Transport Ministry.

Romania To Grant EUR575M State Aid By 2012 To Investors Creating Over 500 Jobs

Large companies investing over EUR100 million in Romania and creating at least 500 new jobs will benefit from some EUR25 million in state aid, from a total EUR575 million earmarked for 2008-2012.

Romanian Transport Min To Allot RON3.57M For DN1 Expropriations

The Romanian Ministry of Transport will grant additional compensations worth RON3.57 (EUR1 = RON3.5434) million for the expropriation of 37 pieces of property with a total surface of 8,354 square meters, for works on national road DN1 and the north side of the ring road around Bucharest.

Romania To Focus On European Funds Absorption- Ctrl Bk

Romania should focus on the absorption of European funds in the upcoming period, which would ensure the balanced convergence with the western economies and bring benefits to the other sectors, the central bank governor Mugur Isarescu said Tuesday.

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.

Romanian Aircraft Mkr To Receive Over EUR10M To Continue Production- Fin Min

Romanian aircraft maker Avioane Craiova will receive over EUR10 million from the development fund, to be set up by the end of April, to produce two or three IAR-99 SOIM aircrafts, Romania’s economy and finance minister Varujan Vosganian said Saturday.

Romanian PM Urges Defense Ministry To Buy New Military Equip

Romanian Prime Minister Calin Tariceanu urged the country’s Defense Ministry to speed up the procedures needed to acquire military equipment for the army, stressing the government will urgently approve the decisions regulating the operation, as soon as notifications in this respect are submitted.

Romania To Argue For Current EU Farm, Cohesion Fund Levels

Romania will argue for EU farm and cohesion funds to remain at their current levels and the Romanian government needs to approve an official position to the EU’s proposed budget revision, economy and finance minister Varujan Vosganian said Thursday.

Romanian Beekeepers May Access EU Funds If Organized In Associations

Romanian beekeepers are allowed to access EU funds, as of 2008, via the National Beekeeping Program, if they are organized in associations and hold professional training certificates in the field.

Romania Could Attract EUR2.5B In Non-reimbursable EU Funds – Fin Min

Romania could attract up to EUR2.5 billion in non-reimbursable European Union funds for 2007-2013, and authorities plan to get EUR800 million by yearend, economy and finance minister Varujan Vosaganian said Monday.

Romania Ups Gas Subsidies For Low-Income Population

The Romanian authorities will increase gas subsidies granted to people with low incomes, following the 8.5% growth of the natural gas prices as of February 1, minister of Economy and Finance Varujan Vosganian said Wednesday.

Romania Will Not Lose Structural Funds

Romania will not lose the structural and cohesion funds allocated for 2007, worth EUR1.28 billion, if it fails to spend it in 2007, since the deadline for the use of these funds is 2010, said Stefan Ciobanu, director within the Romanian Ministry of Economy and Finance.