IMF
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Authorities to decide on tax hikes
The impending tax raise intended to patch the budget spurred a whirlwind of meetings at the Finance Ministry, the NBR and the Cotroceni Palace (President’s HQ) yesterday, to discuss the so...
IMF talks breed VAT and flat tax hike
The maelstrom of the much denied tax hike scenarios swirled into a dramatic alternative for the businesses in Romania and for the average people: the VAT will go up from 19% to 24 or 25% and...
Finance Ministry and IMF take into account recession extension into 2010
After the over 7% decline in 2009, the economy could go down this year, as well. The tax hike threat seems increasingly more serious every day. The IMF no longer believes in intentions. The...
Greece gets 110 billion euros, biggest bailout in history
Greece got 110 billion euros from the euro zone countries and from the International Monetary Fund yesterday, the biggest financial aid for a country ever.
Isarescu: Non-compliance with targets negotiated with IMF cannot be applauded
The best choice for the authorities would be to carry out reforms agreed with the IMF as strictly as possible and cut current and social costs in order to reduce the budget deficit, consider...
Analysts: IMF arrangement could fail in autumn
A new IMF mission arrives today in Bucharest and until 7th of May it will assess Romania's fulfilment of criteria in the first quarter of the year. The next tranche, of 850 million euros, co...
IMF is running out of patience with Government
The Romanian Government has not done much in the way of reforms in the first quarter of the year, so the IMF mission this time comes to Bucharest proposing “very concrete measures” aimed at...
Shocking IMF forecast: Romania will post EU’s highest economic growth in 2011 – 5.1%
While the Romanian economy is struggling to pull out of recession and this year’s economic growth has been revised downwards, from 1.3% to 0.8%, the IMF has launched a shocking prevision:...
Will Govt discuss layoffs or VAT increase with IMF?
The revised economic growth forecasts, to less than 1% this year, increase the likelihood of the Government having to resort to a VAT hike to boost revenues and comply with the 5.9% of GDP d...