promises
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RCE promises grain and oil exchange again
Romania boasts one of the biggest foreign currency markets in the region, with 36m-euro deals per month, but lacks a wheat, corn or oil market, despite being amongst Europe's top producers of these commodities. Deals with grain or oil are conducted outside the...
Government promises to reduce budgetary deficit to less than 2.5% of GDP
The Government has promised, half-heartedly, to reduce the budgetary deficit to less than 2.5% of GDP, to straighten out public spending and to avoid offering any "electoral giveaways", whil...
Vladescu promises to sell T-bills
Starting this autumn, the Ministry of Finance will resume sale of T-bills on the market to fund the 2% of GDP deficit. "Two or three months after the new budget adjustment, we will start to...
CrossLander promises new Aro for July
CrossLander promises new Aro for July
Mugur Isarescu promises stabler euro, livelier dollar
Euro will be more stable on the forex market in Bucharest this year following its 16.8 percent leap in 2003, as the depreciation of the ROL against the single currency should not exceed 10 p...
Tanasescu promises 0.5% lower arrears and 9% inflation
The first item in the agreement the Government is looking to sign with the International Monetary Fund will be the series of measures that needs to be set and taken to curb arrears and preve...
Tanasescu promises 0.5% lower arrears and 9% inflation
The first item in the agreement the Government is looking to sign with the International Monetary Fund will be the series of measures that needs to be set and taken to curb arrears and preve...
Isarescu promises new agreement with the IMF
Isarescu promises new agreement with the IMF
Isarescu promises new agreement with the IMF
Romania this year will conclude a new stand-by agreement with the International Monetary Fund, but it will not be done any sooner than this fall. "It is technically impossible to have the ag...