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Bucsa, UniCredit: Romania Can Tap IMF’s Precautionary Liquidity Line In 2016, If It So Wishes
Banks-Insurance

Bucsa, UniCredit: Romania Can Tap IMF’s Precautionary Liquidity Line In 2016, If It So Wishes

Romania can conclude, next year, an intermediary agreement with the International Monetary Fund (IMF), called Precautionary Liquidity Line (PLL), if it so wishes, Dan Bucsa, UniCredit macroe...

Ecaterina Craciun · 22.10.2015 · 14:31 · 1 min
Romanian President Reserved Country Could Secure New IMF Loan Agreement
Banks-Insurance

Romanian President Reserved Country Could Secure New IMF Loan Agreement

Romania's president believes there are serious reservations that Romania meets conditions to benefit from a flexible credit line agreement with the International Monetary Fund, the president...

Oana Gavrila · 20.10.2015 · 14:54 · 1 min
Romanian Central Bank Governor Supports New IMF Agreement
Banks-Insurance

Romanian Central Bank Governor Supports New IMF Agreement

A new agreement with the International Monetary Fund would lend Romania extra credibility but should focus on implementing structural reforms instead of the country's balance of payments, ce...

Oana Gavrila · 30.09.2015 · 16:11 · 1 min
Nuclearelectrica Reached Agreement With China General Nuclear Power Corp
Companies

Nuclearelectrica Reached Agreement With China General Nuclear Power Corp

Nuclear power producer Nuclearelectrica (SNN.RO) summoned the general stockholders’ meeting October 22 to approve the memorandum of understanding with China General Nuclear Power Corp for th...

Manuela Panescu · 21.09.2015 · 14:00 · 1 min
Romania's IMF Agreement Ends On Sept 26 With Mixed Results
Macroeconomics

Romania's IMF Agreement Ends On Sept 26 With Mixed Results

Romania's precautionary EUR4 billion agreement with the International Monetary Fund, European Commission and the World Bank ends on September 26, as the country has reached its economic indi...

Oana Gavrila · 17.09.2015 · 14:25 · 1 min
Social/Politics

Romania Needs No Additional Loan From IMF, Says PM

Romanian Prime Minister Victor Ponta said Wednesday Romania will finish paying its debt to the International Monetary Fund this year and doesn't need any more loans from international financ...

Oana Gavrila · 16.09.2015 · 16:40 · 1 min
Nuclearelectrica To Reach Agreement With China General Nuclear Power Corp By Yearend
Energy

Nuclearelectrica To Reach Agreement With China General Nuclear Power Corp By Yearend

Nuclear power producer Nuclearelectrica (SNN.RO) estimates it will reach an agreement with China General Nuclear Power Corp for the construction of two reactors at the Romanian nuclear power...

Gabriela Stan · 16.06.2015 · 12:29 · 1 min
Banks-Insurance

Exposure Of “Vienna Initiative” Banks Down By 30% In Six Years

The nine foreign bank groups part of the “Vienna Initiative” in the spring of 2009 reduced their exposure by 29% in six years. The decline of the exposure in nominal terms stood at about nin...

Loredana Frățilă-Cristescu · 20.05.2015 · 22:58 · 1 min
Romania Still Needs IMF-EU Partnership - Central Bank Head
Macroeconomics

Romania Still Needs IMF-EU Partnership - Central Bank Head

Romania should continue its partnerships with international financial institutions, which ensure credibility and help lowering the country’s borrowing costs, central bank governor Mugur Isar...

Bogdan Neagu · 08.05.2015 · 15:50 · 1 min