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IMF

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Government Has IMF Consent To Maybe Raise Salaries In 2012
Social/Politics

Government Has IMF Consent To Maybe Raise Salaries In 2012

The IMF agrees with salary and pension raises in the second half of 2012, budget resources allowing, but this does not guarantee such a decision would be made by Romania's Government, people...

Radu Bostan · 02.11.2011 · 21:16 · 1 min
IMF Wants Romania To Privatize Electrica - Economy Ministry Official
Energy

IMF Wants Romania To Privatize Electrica - Economy Ministry Official

The International Monetary Fund is not highly interested in replacing low-efficiency thermal power producers with new units through privatization, but there is “pressure” to sell electricity...

Andrei Cîrchelan · 31.10.2011 · 13:30 · 1 min
Banks-Insurance

Franks: Romania’s Lower-Than-Expected Inflation Best News Since IMF Mission's Previous Visit

The best news since the previous visit of the International Monetary Fund’s delegation to Romania is the decrease of the country’s inflation above expectations, IMF's mission head Jeffrey Fr...

Ioana Tudor · 30.10.2011 · 18:15 · 1 min
Energy

Tanasescu: Economy Ministry Lags Behind In Reorganizing State Companies

The Romanian Economy Ministry has slowed down the process reorganizing the companies it controls, while progress has been registered in the transport sector, Romania’s representative to the...

Ioana Tudor · 30.10.2011 · 14:04 · 1 min
Health

Pharma Industry Asks IMF To Push For Changes To Clawback System

Pharmaceutical companies have asked the International Monetary Fund to urge Romania's Government to reduce the clawback tax to zero for generic drugs, allow at least 210 days for its payment...

Radu Bostan · 28.10.2011 · 14:13 · 2 min
Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies
Macroeconomics

Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies

Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the In...

Florentina Dragu · 26.10.2011 · 13:42 · 1 min
IMF: Romania Must Shield Itself From Financial Turmoil
Macroeconomics

IMF: Romania Must Shield Itself From Financial Turmoil

Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official...

Florentina Dragu · 26.10.2011 · 13:07 · 1 min
Social/Politics

Tough Month For Government: How Will Romania Escape The Approaching Storm?

Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on...

Iulian Anghel · 26.10.2011 · 00:00 · 3 min
Energy Prices Should Rise In Double-Digits For Industrial Consumers - Assoc
Energy

Energy Prices Should Rise In Double-Digits For Industrial Consumers - Assoc

The price of gas and electricity for Romania’s industrial consumers should rise by two digits, since current levels are unsustainable, Tuesday said Frank Hajdinjak, president of utilities co...

Andrei Cîrchelan · 25.10.2011 · 11:13 · 1 min