Budget of the European Union

EP Endorses New Mechanism for Member States Breaching Rule of Law

The European Parliament has approved a new mechanism to protect the EU budget and taxpayers' money. The Parliament's Rapporteur, Finnish EPP Group MEP Petri Sarvamaa, endorses the decision that should cut EU funding for those Member States who risk principles of sound financial management by violating the rule of law.

Iohannis, on unblocking EU budget, economic recovery package: Romania ready to use these funds

President Klaus Iohannis said on Twitter on Thursday evening about the unblocking of the future budget of the European Union and the economic recovery package after the COVID-19 pandemic, that "Romania is ready to use these funds to reforms and investments in key sectors". "Important agreement today by unblocking the future budget of the European Union and the economic recovery package.

PM Orban: Gov't committed to make full use of EU financial package made available to Romania for development

The government is committed to make full use of the EU financial package made available to Romania in the coming years for its development, Prime Minister Ludovic Orban said on Thursday at the launch for public consultation of the National Recovery and Resilience Plan. "We are about to enter the most prolific period since our accession to the European Union.

Fiscal Council chairman Daianu: Romania needs a promotional (development) bank

Romania needs smart, hands-on public policies, "for instance a promotional (development) bank is necessary, and reviving the idea of a National Development Fund, after the Polish model, should also be considered," Fiscal Council chairman Daniel Daianu writes in an op-ed.

Germany, France propose EU economic recovery fund

The leaders of Germany and France proposed Monday a 500 billion-euro ($543 billion) recovery fund for European economies hit by pandemic.

In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the proposed fund would see European Union budget expenditure used to help sectors and regions that are particularly affected by the outbreak.

President Iohannis - EC head phone call about EU economic recovery plan, budget revision proposals

President Klaus Iohannis spoke on the phone today with European Commission President Ursula von der Leyen, with the discussion focusing mainly on the proposals the EC will put forward by the end of this month for the EU's economic recovery plan and the revised proposal for the 2021 - 2027 EU budget, the Presidential Administration informed.

Iohannis: Presidents of European Council, European Commission, open to Romania's proposals for EU's multiannual budget

AGERPRES special correspondent Florentina Peia reports: Romania's President Klaus Iohannis said on Friday that both the President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen, were open to Romania's proposals on the multiannual budget of the European Union.

President Klaus Iohannis to participate in extraordinary meeting of European Council

President Klaus Iohannis is set to attend, starting on Thursday, the extraordinary meeting of the European Council in Brussels, where discussions will focus on the Multiannual Financial Framework of the European Union for 2021-2027, according to a press release of the Presidential Administration .

Pages