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Finance Ministry Repays EUR1.5B Of EU Loan, EUR5B Left
The Finance Ministry repaid the first EUR1.5 billion tranche of the loan it took from the European Commission in 2009. The amount equals half of this year’s projected budget deficit.
IMF: Romania Has Trouble Overseeing Public Investments And Timely Budget Approval
Romania shows weaknesses in the evaluation and oversight of public investments and lack of timeliness in approval of annual budgets, but scores well on 30 of 36 criteria considered in the IM...
Romania PM Announces Failure In Negotiations With IMF, EU, But Stand-By Loan Stands
Romania’s government failed to agree with the International Monetary Fund and the European Commission on several energy issues, Prime Minister Victor Ponta said Monday after talks with inter...
IMF Team To Review Romania Loan In Jan 27-Feb 10
A delegation of the International Monetary Fund will arrive in Romania next week to review the country’s progress under a EUR2 billion precautionary agreement signed in September 2013.
Romania To Decide In Fall On Potential New IMF Agreement - PM
The government wants to end well Romania's current agreement with the International Monetary Fund and will decide in fall whether to take on a new agreement and what type of agreement it wou...
Romania Agrees With IMF, EU On 2015 Budget Deficit Of 1.8% of GDP
Romania’s government reached an agreement with the International Monetary Fund and the European Commission on next year’s budget, which includes a potential increase of the estimated deficit...
IMF Asks Romania To Keep Budget Deficit Below 1% Of GDP In 2015
The International Monetary Fund and the European Commission asked the Romanian government to bring next year the budget deficit to 0.9% of the gross domestic product, but the local authoriti...
Household Gas Prices Remain Unchanged Until July 1, 2015
The price of natural gas produced domestically and delivered to household consumers will not be raised until July 1, 2015, the Department for Energy said in a press release Wednesday.
Ponta: IMF, EC Agree With Budget Revision
Romanian Prime Minister Victor Ponta on Wednesday stated he would never understand the opinion of the Fiscal Council regarding this year’s third budget revision, adding that the Internationa...