IMF
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Unionists Talk With IMF Delegation About Energy Market, Privatization
Romanian National Union Bloc (BNS) leader Dumitru Costin said Friday talks between unionists and the International Monetary Fund delegation focused on problems concerning the energy market,...
Romania To Implement Labor Market Measures This Fall, As Per IMF Agreement – Union Leader
Dumitru Costin, head of the Romanian National Union Bloc (BNS), said Friday, after meeting with the International Monetary Fund delegation, that a measure package targeting the Romanian labo...
Romanian Unionists Threaten Protests Over Posta Romana Layoffs
Over 3,000 unionists will stage street protests in two weeks over planned layoffs at state-owned postal company Posta Romana, which they say won’t modernize the company, Dumitru Costin, head...
Finance Ministry Has To Pay Back EUR9.8B As Part Of The Loan Meant To “Stabilize” Romania
The huge EUR20 billion loan taken out by Romania in 2009 from the International Monetary Fund (IMF), the European Commission and the World Bank – first as a “safety net”, but which soon beca...
IMF-EU Delegation To Visit Romania July 20 - August 1
Joint teams from the International Monetary Fund, the European Commission and the World Bank will visit Romania between July 20 and August 1 for the second review of a EUR5.3 billion precaut...
Major Foreign Banks Still At 97% Of Their March 2009 Romanian Exposure Level
The nine largest foreign banking groups that undertook to maintain support for their subsidiaries in Romania as part of the “Vienna initiative” in May 2009 are now at 97% of their aggregate...
Authorities Pledge To The IMF To Lay Off 7,000 In State-Held Companies By August
At least 6,910 jobs in state-held companies subordinated to the Economy and Transport Ministries will be cut by August this year, according to an addendum to the letter of intent sent by the...
Romania Will Likely Meet H1 Fiscal Targets, But Capital Spending Still Low – Franks
Romania’s low level of expenditure will most likely allow for the first half fiscal targets to be achieved, but the authorities still need to imporove the EU-related capital spending, said J...
Romania Needs Additional Efforts To Hit ’12 Budget Gap Target - IMF
Authorities will have to make additional efforts in order to hit the 3% budget deficit target set for 2012, and faster progress is needed for EU fund absorption and capital expenditure, said...