Macroeconomics
IMF Says Tax Cuts In Romania Not Possible On Short-Term
Romania can’t afford to reduce its main taxes in the coming years, because the measure would entail substantial spending cuts in the public system, an official of the International Monetary...
Romania Needs More Data Before Cutting Social Security Taxes - IMF
Romania and the International Monetary Fund have agreed to wait for additional fiscal data before deciding on a potential cut in social security contributions, IMF mission head Jeffrey Frank...
Franks: Romania To Free Gas Prices Gradually By 2015
Romania will free the natural gas market in stages by 2013 for companies and between 2013 and 2015 for household consumers, Monday said Jeffrey Franks, the head of the IMF delegation to Roma...
IMF: Lowering Romania’s Budget Gap To 3% Of GDP Is Challenging
Romanian authorities face a “challenging” task in reducing the budget gap to 3% of the gross domestic product under ESA95 standards in 2012, particularly since budget calculations will inclu...
IMF: Romania Central Bank May Need To Adjust Monetary Policy
The Romanian central bank may need to adjust its monetary policies to tackle rising food and fuel prices and reach its inflation target for 2012, an official of the International Monetary Fu...
Romania Unlikely To Tap Into IMF Funds In 2011 - Mission Head
Romania is highly unlikely to access the funds made available through a EUR5 billion precautionary deal from the International Monetary Fund and the European Union in 2011, IMF mission chief...
IMF: Romania To Step Up EU Fund Absorption Or Face Repays
Romania could be forced to refund up to EUR1.5 billion in European money this year unless it accelerates structural fund absorption, an official of the International Monetary Fund said Monda...
IMF: Romania To Sell Large Stakes In Key Energy Companies
Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica...
Franks: Romania, IMF Agree On Economic Policies For Follow-Up Deal
Romania and the International Monetary Fund have reached an agreement on the economic and fiscal policies to be pursued during a EUR5 billion two-year precautionary program, IMF mission chie...