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Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
IMF, EU To Allow Romania To Raise Public Wages 8% As Of June
The International Monetary Fund and European Commission have accepted Romanian authorities’ plans to restore public wages to pre-austerity levels gradually, with a first raise, of 8%, to tak...
Romania To Privatize Oltchim In September, Resume Cupru Min Sale
Romania will privatize chemical producer Oltchim Ramnicu Valcea (OLT.RO) in September and resume the sale of copper producer Cupru Min, the country’s minister-designate for economy, Daniel C...
Romania, IMF To Resume Review Talks Friday - Sources
Romania’s newly named government officials will meet Friday with delegations of the International Monetary Fund and the European Commission for formal talks on the country’s progress under a...
Politicians Play Ping Pong With Public Sector Workers’ Wage Raises
High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the...
Ponta Hopes IMF Will Accept Public Sector Wage Raises
Romania's Prime Minister-designate, Victor Ponta, said Thursday that salary raises for the public sector are included in the government program, adding that he hopes negotiations with the IM...
PM-Designate Victor Ponta Wants To Boost Wages And The Deficit Target Agreed With The IMF
Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are...
IMF, EC Expect Romania’s New Cabinet To Fulfill Its Commitments Toward International Partners
The International Monetary Fund and the European Commission have high hopes that Romania’s new Cabinet will fulfill its commitments toward international partners, according to a press releas...
IMF Halts Negotiations In Romania After Government Falls
The International Monetary Fund will suspend negotiations with the Romanian authorities on the coming economic and financial criteria under a EUR3.6 billion loan agreement signed last year u...