The arrears of state enterprises are among the government’s priorities, said the president. They were stabilized in the second quarter, but have not yet been reduced.

“It is a good sign that the necessary steps have been taken, following the agreement with the three institutions, to prepare contests for the management – private, Romanian or foreign – and, also, some companies have begun restructuring sooner than scheduled,” said Basescu.

Basescu met Sunday afternoon with the joint delegation of the International Monetary Fund, European Commission and World Bank. The delegation is in Romania until August 1 to assess the country’s half-year results under a precautionary stand-by loan agreement. It will present its conclusions in a press conference on Monday.