Romania and the EU

Latest business news about Romania and the European Union.

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IMF, Romania start key talks on reforms, draft budget — 15 January 2013, 16:50 CET

IMF and EU experts opened talks with Romanian officials on Tuesday on the 2013 draft budget and progress on reforms, seen as crucial for consolidating investors' confidence.

Romania unveils 2013 budget, eyes 1.8% growth — 10 January 2013, 22:06 CET

Romanian Prime Minister Victor Ponta on Thursday unveiled the 2013 draft budget that targets 1.8 per cent economic growth and a public deficit under 2.0 per cent.

Romania's MPs send 'bad' signal against graft: PM — 21 December 2012, 16:12 CET

Romanian MPs on Friday refused to allow the arrest of a lawmaker accused of corruption, a move that will undermine the country's international credibility according to Prime Minister Victor Ponta.

Romania's president picks as PM man who tried to oust him — 17 December 2012, 18:49 CET

Romanian President Traian Basescu on Monday re-appointed as prime minister the man who tried to impeach him earlier this year, averting the risk of fresh a political crisis in one of the European Union's newest states.

US expects Romania to avoid 'replay' of political crisis — 15 December 2012, 11:34 CET

Washington expects strategic ally Romania to stick to its rule of law and IMF commitments in order to avoid a "replay" of the political crisis last summer, the US ambassador to Romania told AFP.

Romania probes EUR 85m bank fraud — 13 December 2012, 18:44 CET

Two banks operating in Romania have been hit by an 85-million-euro fraud carried out by a criminal group that took out a string of illegal corporate loans its members never repaid, prosecutors said Thursday.

Poor Romania expands parliament — 12 December 2012, 16:34 CET

Romania's new parliament is preparing to welcome more than 100 extra deputies following weekend elections, an increase that is raising eyebrows in one of the poorest countries in the European Union.

Romania's ruling coalition comfortably wins weekend poll — 10 December 2012, 18:07 CET

Romania's governing centre-left coalition comfortably won parliamentary elections, results showed on Monday, in an outcome likely to fuel tensions that have raised concern over the democratic credentials of one of EU's newest members.

Romania's ruling coalition comfortably wins weekend poll — 10 December 2012, 14:20 CET

Romania's governing coalition comfortably won a weekend parliamentary poll, results showed on Monday, in an outcome likely to fuel tensions that have raised concern over the democratic credentials of one of EU's newest members.

Key facts about Romania — 05 December 2012, 10:28 CET

Romania, which votes Sunday to elect its 470-member parliament, is the European Union's newest member and also its second poorest country.

Key players in Romania parliamentary vote — 05 December 2012, 10:27 CET

With Romania heading to the polls on Sunday to elect its 470-member parliament, here are some of the key political players in the ex-communist Balkan country, which joined the European Union in 2007 and is its second-poorest member after Bulgaria:

Romania on tightrope to secure growth: analysts — 07 December 2012, 16:16 CET

Romania, still recovering from a painful austerity drive, will have to walk a tightrope between cutting spending and spurring growth no matter who wins polls on December 9, analysts warn.

Romania slashes 2012 growth forecast to 0.7% — 26 November 2012, 17:48 CET

Romania's economic forecast commission (CNP) slashed Monday its 2012 growth estimate to 0.7 per cent from 1.7 per cent.

Romania's anti-graft agency denounces pressures — 26 November 2012, 17:50 CET

Political pressure on Romania's government anti-graft watchdog "has grown exponentially", its president told AFP on Monday, ahead of December 9 parliamentary elections.

Impoverished Romania fails to use EU funds — 21 November 2012, 10:51 CET

Joining the European Union unlocked billions in aid for Romania, among the continent's poorest countries, but five years on the central city of Brasov is still waiting for a new highway seen as vital for its ambitions to become a business hub in the heart of the Carpathians.

Romania president, PM at odds over EU budget — 20 November 2012, 15:33 CET

Romanian president Traian Basescu and Prime Minister Victor Ponta disagreed on Tuesday over Romania's policy at the upcoming EU summit centered on the bloc's contested budget.

Romania calls proposed EU budget cut 'unacceptable' — 16 November 2012, 16:42 CET

Romanian Prime Minister Victor Ponta said on Friday that a proposal by EU president Herman Van Rompuy to reduce the bloc's 2014-2020 budget by 75 billion euros ($95 billion) was "unacceptable."

Romania misses billions through sell-off delays — 12 November 2012, 12:08 CET

Romania last year embarked on an ambitious plan to sell stakes in energy and transport companies but has since seemed to get cold feet and delayed most of the deals, losing billions of euros in potential revenue.

Romania to seek new deal with IMF — 08 November 2012, 16:50 CET

Romania will try to reach a new stand-by agreement with the International Monetary Fund (IMF) when an ongoing deal expires in April 2013, President Traian Basescu said on Thursday.

Romania PM, President in first talks since feud — 07 November 2012, 19:28 CET

Romanian President Traian Basescu and Prime Minister Victor Ponta met on Wednesday for the first time since their bitter feud earlier this year led to an impeachment referendum and sparked a political crisis.

IMF mission visits Romania — 06 November 2012, 16:35 CET

IMF auditors arrived in Romania on Tuesday to review progress on reforms and prospects for the economy, but their assessment will be published after a general election on December 9.

Romania to delay eurozone entry: PM — 05 November 2012, 13:39 CET

Romanian Prime Minister Victor Ponta said Monday that his country would miss a 2015 target for joining the eurozone, but remained committed to adopting Europe's single currency once the conditions were appropriate.

Officials warn Romania may need to repay a fifth of EU aid this year — 29 October 2012, 23:54 CET

Romania may need to repay up to EUR 400 m in EU development aid this year, over a fifth of what it has received to date, officials said on Monday after the bloc halted payments due to irregularities.

Romania's NGOs face closure as EU funds are cut off — 24 October 2012, 16:07 CET

Hundreds of Romanian organisations working for the integration of Roma, the disabled and the vulnerable are facing shutdown because failings by the government have led to European Union funds being withheld.

EU leader presses Romania to act on programme funds — 17 October 2012, 22:08 CET

European Commission president Jose Manuel Barroso on Wednesday urged Romanian Prime Minister Victor Ponta to quickly address issues that have led Brussels to freeze European Union funds for the country.