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Ponta Says Romania Wont’s Apply For IMF Waivers, As Everything Is On Schedule
Prime Minister Victor Ponta said Romania will not apply for IMF waivers, although the country’s latest letter of intent to the IMF says the government and the central bank requested a three-...
IMF’s Lagarde To Visit Bucharest, Ponta Says
International Monetary Fund Managing Director Christine Lagarde will come to Bucharest, said Romanian Prime Minister Victor Ponta, and people close to the matter added authorities will discu...
Basescu Thinks IMF Board Will Validate A New Loan Agreement With Romania
Romanian President Traian Basescu said he thinks the IMF board will conclude that Romania has achieved most of the goals assumed under its two-year EUR3.6 billion loan agreement and will val...
IMF Formally Announces Guillermo Tolosa As New Resident Representative To Romania
The International Monetary Fund Friday said Guillermo Tolosa will be the institution’s new resident representative in Romania and Bulgaria, effective July 1.
Government: Personal Bankruptcy Law Undermines Credit Discipline
Romania will refrain from adopting a series of bank law initiatives that could “undermine credit discipline,” including a bill on personal bankruptcy or a debt collection bill, the governmen...
Romania Pledges To Select Buyer For CFR Marfa On June 21; Deal Completion Conditional On Meeting All Contract Requirements
Romania pledges to select a buyer for a majority stake in state-owned freight railway carrier CFR Marfa on June 21, while highlighting that the completion of the transaction depends on meeti...
Romania Misses Over Half Of IMF Loan Targets; Applies For Waivers
Romania has missed over half of its goals assumed under a two-year EUR3.6 billion loan with the International Monetary Fund due for completion in late June, including a long-overdue reductio...
Guillermo Tolosa Named IMF Resident Representative In Romania, Bulgaria
The International Monetary Fund has appointed Guillermo Tolosa as the institution’s new resident representative in Romania and Bulgaria, effective July 1.
EBRD Remains Committed To Support Investment Projects In Romania
The European Bank for Reconstruction and Development will continue to financially support projects in Romania, regardless of the country’s success in securing a follow-up loan agreement with...