Social/Politics
Ponta Says Romania Has No Plans To Sell Majority Stakes In State-Run Enterprises
Romania’s new agreement with the International Monetary Fund and the European Commission doesn’t include giving up majority control of any of the state-owned companies, Prime Minister Victor...
Romania To Secure EUR4B Loan From IMF, EU
Romania plans to borrow EUR4 billion from the International Monetary Fund and the European Commission, the head of the IMF mission to Bucharest Andrea Schaechter said Wednesday.
IMF Says Lower Sales Tax On Bread Is Temporary
Romanian authorities will assess the impact of lowering the sales tax on bread from 24% to 9% and the measure is temporary, depending on the results it produces in fighting tax evasion in th...
IMF Ups Romania GDP Growth Forecast To 2% In 2013
The International Monetary Fund has revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and ex...
Romania Jobless Rate Rises Slightly To 7.6% In June
Romania's unemployment rate edged up to 7.6% in June, from 7.5% in the previous month, seasonally adjusted data from the statistics institute INS showed Wednesday.
Government Raises Funds For 2013 First Home Program By RON1B
Romania will increase funding for the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be available for the acquisition of...
Government Approves Lowering VAT On Bread To 9%
Romania’s government approved Tuesday lowering the value added tax on bread from 24% to 9% starting September 1.
Government OKs This Year’s First Budget Revision
Romania’s government on Tuesday approved this year’s first budget revision, which states a budget deficit of 2.3% of the gross domestic product in 2013.
IMF: Romania Must Continue Reforms In Healthcare, Energy And Transport
Romania must push ahead with structural reforms in key sectors such as healthcare, energy and transportation, the head of the International Monetary Fund’s mission to Romania said Tuesday.