European Commission validates 2014 – 2020 Partnership Agreement with Romania


The European Commission validated the 2014 – 2020 Partnership Agreement with Romania, the document presenting the manner in which the structural and investment European funds are to be used in the future programming period, shows a European Funds Ministry (MFE) press release remitted to Agerpres on Tuesday.

‘Romania already has the 2014 – 2020 Partnership Agreement validated by the four commissioners and the European Commission resolution on adopting this document will be released in the coming days. Following this validation, it becomes incontestable the fact that the document Romania sent meets the Commission’s exigencies,’ European Funds Minister Eugen Teodorovici said.

He recalled that Romania has began informal negotiations on this document as early as the spring of 2013.

‘Since then and until recently we have carried out permanent negotiations with the Commission representatives to obtain the best possible strategy of using the European money for the Romanians and Romania! The validation process of the Partnership Agreement could have been easier if some of Romanians, mostly those who are part of the Democratic Liberal Party and those of the National Liberal Party, but also others, hadn’t fought against the national interests, against Romanians, exactly the same as they did in the period 2009-2011, the darkest period in the history of European funds absorption,’ the Minister showed.

In the 2014 – 2020 programming period, Romania benefits of European funds worth approximately 43 billion euros, out of which over 22 billion euros are earmarked for the cohesion policy.


Romania, second in EU by June growth in retail trade

Romania’s retail trade turnover increased 10 percent in June compared to the same period of 2013, in what represents the second largest increase in a EU member country after Luxembourg (12.9 percent), shows data released on Tuesday by the European Statistical Office (Eurostat).

The retail trade rose 2.4 percent in the euro area and 2.5 percent in the EU 28. The 2.5 percent increase in retail trade in the EU is due to the rise by 3.5 percent for the non-food sector and to the 1.8 percent rise in sales of food, drinks and tobacco.

The highest increases in total retail trade were registered in Luxembourg (+12.9 percent), Romania (+10.0 percent), Estonia (+7.8 percent) and France (+4.9 percent), while the steepest decreases were in Slovenia(-2.6 percent), Finland and Malta (both -1.5 percent).

In June 2014 compared with the previous month, retail trade increased by 0.4 percent in the euro area and by 0.3 percent in the European Union. The evolution of retail trade in the EU was influenced by the 0.2 percent rise in sales of non-food products and by the 0.5 percent advance in sales of food, beverages and cigarettes.

The highest increases were recorded in Germany (1.3 percent), Austria (1.1 percent), Poland (1 percent) and Estonia (0.9 percent), while the steepest decreases were in Finland (minus 1.8 percent), Portugal (minus 1.4 percent), Malta (minus 1.1 percent) and Spain (minus 1.8 percent). Romania’s rise in total retail trade was 0.4 percent this June compared with May 2014, above the EU average.