“We’ll have to try and reschedule the liberalization of the energy market for around 2020 for households and 2015-2017 for companies,” Basescu said, adding the country is renegotiating the deadlines considering the economic environment and people’s purchasing power.
The head of state, wo had a meeting with Prime Minister Emil Boc earlier in the day, said Romania’s commitments to the IMF have been largely met.
The IMF asked Romanian authorities to liberalize electricity and gas prices by 2013 for companies and between 2013 and 2015 for households.
A delegation of the International Monetary Fund is currently in Romania for the fourth review of a EUR3.5 billion precautionary agreement signed end-March 2011.