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Romania To Set Up Natural Gas Exchange By 2013
Romanian authorities plan to set up a trading exchange in the natural gas market by January 2013, according to a memorandum signed with the International Monetary Fund.
CFR To Get State Loan For Paying Debts To Energy Suppliers
Romania's Government will give national railway administrator CFR a loan to pay its arrears to the private energy suppliers and will issue an ordinance whereby CFR will pay only the principa...
Romania To Raise Electricity Tariffs By 5% Next Month
Romania’s new government has pledged to increase by 5% the administered prices for electricity by the end of June, according to a memorandum signed with the International Monetary Fund.
Government Has Serious Concerns About Appointments To CE Oltenia Board
Romania's Government has acknowledged to the IMF that it is behind on restructuring the state-owned companies and selecting private management, with CE Oltenia being the only company with a...
Government Approves New Letter Of Intent To EUR3.5B IMF Deal
The Romanian Government approved Wednesday its latest letter of intent to the International Monetary Fund, which states Romania will raise public sector wages by 8% in June and grant the rem...
Romania To Appoint New Representative To IMF - Sources
Serban Matei, head of the market operations division with the Romanian central bank, will be appointed as the country’s new representative to the International Monetary Fund, official source...
IMF: Romanian Economy On Track, Except For Government Arrears
Romania met most of its quarterly targets under a EUR3.5 billion loan agreement with the International Monetary Fund, excepting in the general government arrears sector, IMF mission head Jef...
IMF, Romania Agree On New 2012 Budget Deficit Target
Romania and the International Monetary Fund have agreed to increase the budget deficit target to 2.2% of the gross domestic product in 2012, from 1.9% of GDP previously, IMF mission chief Je...
Romania Will Raise Public Wages By 8% As Of June, Grant Remainder Up To 15% In Fall
Romania’s Prime Minister-designate Victor Ponta on Monday said public sector wages will be restored to their June 2010 level, with a first raise of 8% to be operated starting June 1 and the...