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. read more...

Romania’s Tourism and Regional Development Minister Elena Udrea said Wednesday she asked authorities to direct to the ministry at least EUR1 billion in EU funds other ministries failed to absorb. read more...

Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fund, European Commission and World Bank, Prime Minister Emil Boc said Tuesday. read more...

The Ministry of European Affairs will give a boost to EU fund absorption and prevent Romania from losing these funds, therefore the Parliament's vote to create the new ministry is in the country's interest, said Prime Minister Emil Boc. read more...

Romanian authorities checked 15 trucks carrying seeds and flowers from the Netherlands in the last four days, seizing 12 transports and returning three to the supplier, fiscal regulator ANAF announced Monday. read more...

Romania cannot adjust pensions when it has a public pension deficit of EUR3.6 billion, Romanian President Traian Basescu told private television ProTV. read more...

A Greek default or exit from the eurozone would have “dramatic” consequences for Greece as well as for Europe and the rest of the world, EU Economic Affairs Commissioner Olli Rehn told the European Parliament on Wednesday, meeting in Strasbourg, economictimes.indiatimes.com reports. read more...

Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of exports, says central bank chief-economist Valentin Lazea. read more...

Romania's Government plans to convene a meeting for the beginning of next week, to approve the final draft of the letter of intent agreed upon with the International Monetary Fund, European Commission and World Bank in this summer's evaluation mission, people close to the matter told Mediafax. read more...

Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices. read more...

A number of 1,716 employees at the National Agency for Fiscal Administration (ANAF) “were sent home” as a result of layoffs, and 141 fiscal administrations have been disbanded, ANAF President Sorin Blejnar said Thurs­day, according to Mediafax. Blejnar said the streamlining will bring RON 41 M in savings to the state budget by year’s end. read more...

The Romanian Government wants the Parliament to adopt by November the bill on wages in the public sector in 2012, according to the Executive’s list of legislative priorities for this year’s second parliamentary session. read more...

The world economic situation is volatile, while in Europe it can only be a reason for concern. The Sarkozy-Merkel plan was not of a nature to appease tension on international markets, but on the contrary, those managed to plunge more deeply under the burden of concerns over announced measures which investors did not find reassuring at all. Meanwhile gold and silver continue their mad race to new record highs while the same investors are looking for refuges for any funds they may have, as stock markets and classic investments no longer offer any solid guarantees. read more...

Traian Basescu received Pirelli Group President Marco Tronchetti Provera at the Presidential Palace yesterday, thanking him for continuing to invest in Romania and talking with him about the need for cost restructuring, telling him that governments should apply the measure too, Mediafax informs. read more...

Greece’s second and third-largest lenders, Eurobank and Alpha Bank, are to merge as banks in the recession-hit eurozone member come under pressure to consolidate. Under the terms of the agreement, Alpha Bank shareholders will hold 57.5 per cent of the merged lender and Eurobank shareholders 42.5 per cent, english.rfi.fr reports. read more...

Romania's fiscal strategy was agreed upon with the EU and IMF, and does not affect current public wages or pensions, but the value of these payments in 2012 will be set through next year's budget and wage law, according to developments on foreign markets, Prime Minister Emil Boc said Friday. read more...

Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pensions. read more...

Romania's Government will change the building, land and vehicle tax system, introducing a new calculation method that will allow earnings from this source to increase by more than 1 billion lei (EUR233 million) over the next three years. read more...

Romania's Government will block certain pension raises, which would have taken effect next year, until 2014, arguing that the lack of a "sustainable framework" for the pension law's application will increase the social security budget deficit. read more...

Romania's Government will increase the budgets of the intelligence services and Interior, Defense and Justice ministries by almost 724 million lei (over EUR170 million), for personnel expenses, according to the draft budget revision. read more...