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Government To Make Sure City Halls With Arrears Will Raise Local Taxes By 16%
Romania’s Government will make sure city halls that register arrears will increase local taxes by 16% to avoid amassing new debts, reads the country’s latest letter of intent to a loan agree...
Romania To Contribute 15% To Co-Financing Of EU-Funded Projects As Of End-March
Romania will contribute 15% to the co-financing of European Union-funded public projects, as of the end of March, when the co-financing agreement with the European Commission expires, accord...
IMF Sees Modest Growth In Romania In 2013, Urges More Action
Romania’s economy is expected to post a modest growth of around 1.5% in 2013, after zero or very low growth a year earlier, an official of the International Monetary Fund said Tuesday.
IMF: Romanian Loan Deal Neither On Track Nor Off
Romania has missed some of the fiscal targets assumed under a EUR3.6 billion loan agreement with the International Monetary Fund, but the government is taking corrective actions to achieve i...
IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound
The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania...
Romania To Introduce Copayment For Healthcare Services Starting March
Romania will introduce copayment in the healthcare sector starting March and patients will pay a modest fixed amount depending on services provided, excluding emergency services, according t...
Romania Delays State-Owned Companies' Sale Calendar; Pledges To Continue Reforms
Romania will launch an initial public offering of 15% in state-owned natural gas producer Romgaz by the end of October 2013, seven months later than initially planned, according to the count...
Property Taxes To Grow For Commercial Spaces
The Romanian Government had pledged to the International Monetary Fund to change the calculation method of tax on property by July, which will be set based on the destination and not as diff...
Oltchim's Legal Administrator To Present Restructuring Solutions In April
The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the...