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Ponta: IMF Team Puts Off Visit To Romania Until After Referendum
The joint delegation of the International Monetary Fund, the European Commission and the World Bank postponed its visit to Romania for the sixth review of a EUR3.5 billion precautionary agre...
Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help ec...
Capital Economics: Romania To Survive A Temporary Halt Of IMF Deal
Persistent political uncertainty in Romania could endanger the country’s EUR5 billion loan agreement with the International Monetary Fund and the EU, but the eastern European nation would li...
IMF: Political Pressures In Romania Will Be Strong Over Coming Months
The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment...
IMF Board Approves Fifth Review Of Deal With Romania
The International Monetary Fund's Board on Friday approved the fifth review of the precautionary deal with Romania, and will make available a new EUR475 million tranche of the total EUR3.5 b...
Government Eliminates Barriers To Opening Hypermarkets, After EU And IMF Pressure
Romania's Government has repealed a decision issued in 2004 that restricted the opening of large shopping centers, in the wake of pressure from the European Commission and the International...
Tarom In London Court Over Leased Boeing Aircraft
Romanian state-owned airline Tarom is trying to return the last of the three Boeing 737-800s it leased four years ago, but the case has gone to court in London and an unfavorable ruling will...
Government To Amend Finance Law Again, As Local Arrears Keep Growing
Romania's Government has completely missed the target for the reduction of local authority arrears in the first quarter, and the debts have even grown, indicating serious failures in the mon...
Romania’s Gas Market Deregulation Depends On International Gas Prices
Romania’s Government has pledged to gradually eliminate regulated natural gas prices for industrial consumers until the end of 2014, but it could extend the period until the end of 2015 if t...