Social/Politics
Romania Eliminates Self-Assessment For Tourist Accommodation Units
Romania’s national tourism authority ANT will check over 4,000 self-assessed accommodation units by the end of this year, and accommodation units will no longer be able to assess themselves...
President Rejects Emergency Decree On Public Procurement Calling For Coherent Legislation
Romanian President Traian Basescu has called for the reexamination of a government emergency ordinance amending public procurement laws, citing the need for systematic legislation in the fie...
Government To Revise Budget End-July, Lower VAT On Bread Likely In September
Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minis...
Romania To Sign "Discipline Program" With IMF, Says Lagarde
Romania’s next loan deal with the International Monetary Fund will be a precautionary arrangement aiming to consolidate macroeconomic stability and control policies, the fund’s managing dire...
IMF Head Says Romania Should Not Hurry To Join Euro Area
Joining the euro area brings multiple benefits, but a country loses the monetary policy control, so that the adoption process should not be rushed, said Christine Lagarde, the managing direc...
Exports, Domestic Demand, Investments Must All Support Economic Growth, Says Lagarde
Exports, domestic demand and the investments are the three engines that should propel Romania’s economy, as depending on only one growth driver will lead to imbalances hard to stabilize, acc...
Lagarde: No Agreement Between Romania And IMF Would Be A Pity
Romania’s fiscal situation benefitted from the agreement with the International Monetary Fund and it would be a pity if the Eastern European country chose not to continue the partnership to...
IMF Chief: Romania Must Become More Active In Guaranteeing Loans For SMEs
The Romanian government should become more involved in guaranteeing loans for small and medium-sized enterprises and for firms in sectors where risk is not as low as banks would like, Intern...
Lagarde: IMF’s New Deal With Romania To Include State Companies’ Reforms
Romania has made considerable progress in reforming its fiscal system, the healthcare sector and the energy industry, but it still needs some measures to restructure the state companies that...