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European Commission

EU Commission refers Romania to Court over failure to transpose landfill directive

The European Commission announced on Friday it has referred Romania back to the Court of Justice of the European Union for failing to fully comply...

EU Commission raises 2021 eurozone growth forecast

The European Commission lifted its growth projection for the bloc on Thursday, while warning of mounting headwinds as the fourth wave of the coronavirus pandemic...

Romania’s socialists call for national recovery plan to be renegotiated with EU

Romania’s government adopted the first documents needed to implement the National Recovery and Resilience Plan. Still, socialists, who could enter the government as...

Google loses EU court fight over $2.8bln antitrust fine

The EU’s General Court ruled Wednesday that the European Commission was right in fining Google €2.42bln ($2.8 billion) for an antirust breach, according to...

EU Commission to be sole enforcer of tech rules, EU countries agree

Representatives from EU countries have agreed that the European Commission will be the sole enforcer of new tech rules, with a limited role for...

ECB: Digital euro to be attractive, not redundant

The European Central Bank (ECB) will ensure its digital euro is attractive enough for users so it won’t be swept aside by other private...

Romania’s Central Bank FX reserves fall to €39.8bln in October

The National Bank of Romania (NBR) announced on Monday that its foreign exchange reserves excluding gold totalled €39.843bln at the end of October 2021...

Von der Leyen lays out path to unlock Polish recovery funds with conditions

European Commission (EC) President Ursula von der Leyen on Thursday expressed hope the EU could find a solution with Poland over recovery funds stalled...

€3 trillion Covid tap should stay on for now, EU official says

The European Union will soon decide on extending special state-aid measures beyond the December 31 deadline, which allowed more government support than its tough...

EU Commission approves Romania’s €358mln support scheme for Covid-hit SMEs

The European Commission announced on Wednesday that it has approved Romania's €358mln scheme to support small and medium-sized enterprises (SMEs) active in sectors particularly affected...