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Basescu Signs Memorandum For IMF Deal
Romanian President Traian Basescu Wednesday said he approved the memorandum concerning a EUR4 billion loan program with the International Monetary Fund (IMF) and the European Union (EU).
Government Approves Letter Of Intent To IMF Deal
Romanian Government approved the letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Union and will send the document to President Traian Ba...
IMF Expects Romania’s Debt Relief Program To Boost Lending, Consumption - PM
The International Monetary Fund expects Romania’s stimulus package for bank debtors will jump-start lending recovery and boost domestic consumption, Romanian Prime Minister Victor Ponta said...
IMF/EU: Romania Deal On Track; Spending Freeze To Counter Fuel Tax Delay
The International Monetary Fund and the European Commission on Tuesday said Romania’s economic program under a EUR4 billion precautionary deal remains broadly on track amid signs of recoveri...
Government, IMF Agree On Reinvested Profit Tax Exemption As Of July
Romanian Government agreed with the International Monetary Fund (IMF) to apply the tax exemption on the reinvested profit starting July, Prime Minister Victor Ponta stated.
IMF Team To Visit Romania Jan 21-Feb 5 For EUR2B Loan Review
A delegation of the International Monetary Fund will visit Romania between January 21 and February 5 for the first and second reviews of a EUR2 billion loan agreement signed last year, and t...
Romania To Regulate Potential Budget Gap Due To Tax Delay In July - PM
The Romanian government will assess the impact of delaying a higher excise on fuel after the first quarter but a potential gap in budget revenues would only be corrected in the second half o...
IMF Mission To Visit Romania In January, For Review Of EUR2B Loan
A mission of the International Monetary Fund will visit Romania in January to discuss measures to increase budget revenue, following the delay of a planned tax increase, the fund said in a s...
Former Borussia Dortmund Footballer Is Part Of Romania’s IMF Team
Heiko Hesse, a former professional football player with major German club Borussia Dortmund, is part of the IMF team that handles review missions of Romania’s new loan agreement, being in ch...