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Senate Approves Two Letters Of Intent To IMF
Romania's Senate on Tuesday approved two letters of intent from the Government to the International Monetary Fund, signed on December 22, 2010 and March 1, 2011, respectively.
Government, IMF In Negotiations To Raise Minimum Wage To RON700
Romania's Government is in negotiations with the International Monetary Fund (IMF) to raise the gross minimum wage to 700 lei (EUR160) from RON670, said Finance Minister Gheorghe Ialomitianu...
Franks: Romania Might Raise Pensions, Wages By 3-4% Next Year, If Economy Permits
Pensions and salaries will remain fixed in the first half of next year, but might be raised slightly in the second half, by 3-4%, if the economy permits, said Jeffrey Franks, head of the IMF...
Government Wants To Reduce State Enterprise Arrears By RON5-6B In 2012
Romania's Government estimates that restructuring the state-owned enterprises monitored through the agreement with the IMF will reduce their arrears by 5-6 billion lei (EUR1.15-1.38 billion)...
Romania To Raise Contribution To IMF By Almost EUR900M
Romania will raise its contribution to the International Monetary Fund by SDR 781.2 million (about EUR900 million), from SDR 1.03 billion to SDR 1.81 billion, with three quarters of the rais...
IMF: Investments, Healthcare, Arrears Remain Main Challenges For Romanian Authorities
Carrying out public investments, reforming the healthcare system and reducing arrears are the Romanian authorities' main challenges, said IMF mission chief Jeffrey Franks on Monday.
Romania Unable To Use IMF Money To Fix Decline In Number Of Jobs
Romania has been unable to “fix” the effects of the crisis with the International Monetary Fund money in four years as its economy lost 630,000 jobs.
Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of th...
Government Extends List Of Priority EU Projects To 100
Romania's Government and the IMF agreed Wednesday evening to extend the list of priority EU-funded projects, from 60 to 100, but only by adding projects in need of low financing, less than E...