IMF
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IMF Sees Flat Or Negative Credit Growth In Romania, Other CEE Countries
Euro area banks are targeting lower loan-to-deposit ratios and less cross-border funding in Central and Eastern Europe, leading to flat or negative near-term credit growth in the region, par...
IMF Expects Romania To Exceed Poland’s Economic Growth In 2013
The International Monetary Fund estimates in its latest report that Romania could post a higher economic growth in 2013 than Poland, the only country in the European Union that has not exper...
IMF Approves EUR513M Disbursement To Romania, Cites Good Progress
The International Monetary Fund has completed the sixth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a new EUR51...
Romanian Collective Work Contracts Might Be Negotiated Yearly
Romania’s Government wants wage, work program and staff training conditions stated in collective work contracts to be negotiated yearly.
Romania Wants To Extend Validity Of Collective Work Contracts
Romania’s Government wants to extend the validity of collective work contracts and allow for additional public sector wage bonuses, besides those stated by the current legislation, according...
Government Pledges To Hold Steady Against Pressure To Relax Fiscal Discipline
Romania’s Government pledged to resist pressure to relax fiscal discipline ahead of parliamentary elections to be organized this fall, as well as to ensure strict discipline of local governm...
Government Pledges To Limit Co-Financing For EU-Funded Projects
Romania's Government will limit spending on co-financing for EU-funded projects, following the interruption of reimbursements, and will not use money from the privatization fund or from Infr...
Romania To Appoint Private Managers At Key State-Owned Companies By Yearend
Romania’s Government and the International Monetary Fund have set new deadlines to appoint private managers at multiple state-owned companies, such as gas producer Romgaz, natural gas transp...
IMF To Finance Ministry: Rebuild Your Forex Reserve For Emergency Situations
The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions beca...