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IMF Head Says Romania Should Not Hurry To Join Euro Area
Macroeconomics

IMF Head Says Romania Should Not Hurry To Join Euro Area

Joining the euro area brings multiple benefits, but a country loses the monetary policy control, so that the adoption process should not be rushed, said Christine Lagarde, the managing direc...

Bogdan Neagu · 16.07.2013 · 17:28 · 1 min
Macroeconomics

Exports, Domestic Demand, Investments Must All Support Economic Growth, Says Lagarde

Exports, domestic demand and the investments are the three engines that should propel Romania’s economy, as depending on only one growth driver will lead to imbalances hard to stabilize, acc...

Bogdan Neagu · 16.07.2013 · 16:43 · 1 min
Lagarde: No Agreement Between Romania And IMF Would Be A Pity
Macroeconomics

Lagarde: No Agreement Between Romania And IMF Would Be A Pity

Romania’s fiscal situation benefitted from the agreement with the International Monetary Fund and it would be a pity if the Eastern European country chose not to continue the partnership to...

Bogdan Neagu · 16.07.2013 · 15:30 · 2 min
Lagarde: IMF’s New Deal With Romania To Include State Companies’ Reforms
Macroeconomics

Lagarde: IMF’s New Deal With Romania To Include State Companies’ Reforms

Romania has made considerable progress in reforming its fiscal system, the healthcare sector and the energy industry, but it still needs some measures to restructure the state companies that...

Bogdan Neagu · 16.07.2013 · 14:00 · 1 min
Economist Writes Open Letter Asking IMF Not To Approve A New Deal With Romania
Banks-Insurance

Economist Writes Open Letter Asking IMF Not To Approve A New Deal With Romania

Romanian economist Florin Citu wrote an open letter asking the head of the International Monetary Fund not to approve a new loan agreement with Romania, saying the country’s economy would no...

Florentina Dragu · 15.07.2013 · 16:29 · 2 min
IMF Mission To Visit Romania July 17-31 For Talks On New Loan
Macroeconomics

IMF Mission To Visit Romania July 17-31 For Talks On New Loan

A mission of the International Monetary Fund will visit Bucharest between July 17 and July 31 to discuss a potential follow up agreement with Romania, the IMF said in a statement Thursday.

Florentina Dragu · 11.07.2013 · 19:34 · 1 min
New IMF Deal A Good Strategy For Romania, Says Erste
Banks-Insurance

New IMF Deal A Good Strategy For Romania, Says Erste

Securing a new agreement with the International Monetary Fund would be a good move for Romania, considering the country’s financial needs in 2013-2014, according to a report from Austrian Er...

Florentina Dragu · 05.07.2013 · 17:05 · 2 min
Ponta: Romania, IMF To Start Negotiations On New Loan Program
Macroeconomics

Ponta: Romania, IMF To Start Negotiations On New Loan Program

Romania will start this month negotiations with the International Monetary Fund with a view to secure a new precautionary loan arrangement, following the successful completion of a EUR3.6 bi...

Florentina Dragu · 04.07.2013 · 15:43 · 1 min
Romania Would Benefit From A New IMF Deal, Says US Official
Macroeconomics

Romania Would Benefit From A New IMF Deal, Says US Official

Romania would benefit from a new financial program with the International Monetary Fund, as such a program can bring stability and predictability to the business environment, an official of...

Florentina Dragu · 03.07.2013 · 15:21 · 1 min