IMF
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Franks, IMF: The economy will contract this year, too, but not by as much as 3%
Franks, IMF: The economy will contract this year, too, but not by as much as 3%
New round of talks with IMF starts from 0.5% GDP decline scenario in 2011
Romania will start a new round of talks with the IMF and the European Commission on Monday, with the spectre of the third year of recession in a row looming, as the GDP could go down by 0.5%...
IMF: Inflation could reach 7.9% this year, VAT hike impact on economic decline limited
The International Monetary Fund (IMF) maintains its 0.5% economic decline forecast for this year and does not expect the 25% cut in the budget-paid employees' salaries and the VAT raise oper...
Tanasescu: We'll make IMF board meeting on 28th of June if measures come into effect
Romania must be able to report it effectively started to put into practice the austerity measure package so that the additional letter of intent should come to be discussed during IMF board'...
Personnel spending capped by law until 2012
At the IMF's request, the Finance Ministry wants to set a cap on personnel spending and on spending of the main budget components of Romania's consolidated budget for 2011 and 2012, via a dr...
Dr. Doom, harsher than IMF: Cut budget deficit and attract foreign investors to get out of crisis
Romania needs to correct its budget deficit and go ahead with reforms in order to have a more flexible economy, which would attract foreign investors, if it wants to leave the global crisis...
Decisive week for budgetary sector reform
The decisive week when the Boc Government has to finalise, pass and send to Parliament the set of budget sector restructuring measures for which it undertakes responsibility begins today.
Government busy explaining IMF’s boss socialist rhetoric
The Government might fail to meet the deadline set by President Traian Basescu for state spending cuts for mid June, even though Premier Emil Boc will choose the fastest legislative procedur...
Foreign debt skyrockets to 86bn euros
The state’s desperate need for money caused a surge of the foreign debt by almost 6 billion euros in the first quarter, to 86 billion euros.