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Romania Pledges Action To Rein In Deficit, Increase Revenue
The Romanian government has pledged to take additional measures to keep the country’s budget deficit below 2.3% of the gross domestic product this year following lower-than-estimated revenue...
IMF To Discuss Extending New Loan To Romania September 27
The executive board of the International Monetary Fund will discuss Romania’s request for a EUR2 billion two-year loan facility on September 27, according to the Board’s calendar.
Romania Pledges To Sell Most Companies Held By Economy Ministry
The Romanian Government has pledged to sell most state companies under the Economy Ministry in its letter of intent to the International Monetary Fund.
BNR Will Cut Key Rate Only If Inflation Enters Target Band
Romania’s central bank pledged it would not further reduce the monetary policy rate if inflation stays above the targeted level, according to the final version of the country’s letter of int...
Government Approves Letter Of Intent To EUR4B Precautionary Loan With IMF- Sources
The Romanian Government approved in its Wednesday meeting the final form of the letter of intent to a EUR4 billion precautionary loan agreement with the International Monetary Fund (IMF), pe...
Analysts Skeptical About Romania’s Third IMF Agreement
Analysts are skeptical there will be significant progress in terms of structural reforms. “Romania will continue to promise to do things the IMF way and do whatever it wants.”
What The Romanian Government Has Committed To In The Future Agreement With The IMF
The major listings scheduled for this year, Nuclearelectrica and Romgaz, have been postponed until the autumn of next year. On the other hand, the healthcare reform package will be ready by...
IMF: Potential Changes To Romania’s Tax Code Should Come In Bulk Packages
Romania should consider a package of tax measures rather than single-oriented actions if it wants to amend its tax laws, so that the overall impact on the system may be assessed thoroughly,...
IMF: Romania’s Planned Norms On Abusive Loan Clauses Could Undermine Financial Stability
Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balan...