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Basescu To Propose Alternatives To Raising Excises On Fuels
Romanian President Traian Basescu plans to send back to parliament the 2014 state budget bill and will propose clear alternatives to raising excise duties on fuels, so the country will be ab...
Official: Romania Must Satisfy EU Recommendations Whether It Signs Memorandum With IMF Or Not
Romania must observe the recommendations made by the European Council regarding structural reforms and fiscal measures, regardless of whether it signs the memorandum agreed with the Internat...
IMF Loan Review Delay To Have Limited Impact On Markets - Analysts
A likely delay in the approval of the International Monetary Fund’s review of its loan program with Romania should have limited impact on the markets, as the country has no intention to draw...
Romanian President, PM To Discuss IMF Memorandum Later Tuesday
Romanian President Traian Basescu will meet a delegation headed by Prime Minister Victor Ponta later Tuesday to settle a dispute regarding the country’s latest memorandum of understanding wi...
IMF Board Delays Meeting On Romania’s Loan Review
The Executive Board of the International Monetary Fund will likely postpone until March next year a meeting to discuss Romania’s progress under a EUR2 billion loan program, after the Romania...
Basescu Refuses To Sign Memorandum For New IMF Loan Agreement
Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to...
EXCLUSIVE: Romania To Restructure CFR Marfa “Aggressively”
Romania’s government and the International Monetary Fund have decided state-run freight railway operator CFR Marfa will be reorganized “aggressively” by cutting staff costs, scrapping old ra...
EXCLUSIVE: Romania Personal Insolvency Law Delayed Again
Romania’s government has once again committed to refrain from adopting a long-delayed law on personal bankruptcy, arguing the measure would impair credit discipline, according to the country...
IMF: Romania Must Analyze Impact Of Cutting VAT On Bread Before Extending Measure To Other Products
Romania’s government may take a decision on lowering the value added tax on other food products besides bread only after it analyzes the impact of the VAT cut in the bread industry, IMF offi...