IMF
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Bridge Bank Procedures Almost Ready
The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the set...
IMF Team To Begin Fifth Review Of Deal With Romania On Tuesday
A delegation from the International Monetary Fund (IMF) will begin Tuesday the fifth review of a EUR3.5 billion precautionary agreement signed last spring.
IMF Team To Visit Romania April 24-May 7
A delegation of the International Monetary Fund will visit Romania between April 24 and May 7 for the fifth review of a EUR3.5 billion precautionary agreement signed last spring.
Government Falsely Informed IMF About Obligation Fulfillment
Romania's Government has falsely informed the IMF that it has eliminated restrictions against the opening of large retail centers, and the letter of intent that includes this claim has been...
Romania’s Fiscal Adjustment Could Have Been More Gradual – IMF Report
The fiscal adjustment in Romania, which entailed a 25% cut in public sector wages, lower social contributions and a higher value added tax, could have been more gradual, with a lighter impac...
IMF Suggested Creating A "Bad Bank" But BNR Refused
Back when the previous stand-by arrangement was in place, IMF experts proposed the creation of a bad bank, which would manage ailing assets in the form of non-performing loans in the banking...
Lybek: Romania Must Draw Up Healthcare Bill By End-June
Romanian authorities must draw up a bill on reforming the healthcare sector by the end of June, Tonny Lybek, International Monetary Fund resident representative in Romania and Bulgaria, said...
IMF Approves New EUR505M Disbursement To Romania
The International Monetary Fund Wednesday completed the fourth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a ne...
Romania Announces Two-Stage Privatization For Chemical Producer Oltchim
Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization annou...