Results 1 - 25 from 39 for "franks"
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Romanian Privatization Calendar Sidetracked, Says IMF
05.09.2012
The planned privatizations of state companies in Romania have been sidetracked following a series of unsuccessful auctions and the country should now focus on a shorter list of six enterprises to more
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Franks, IMF: “Wise Guys” That Refuse To Renegotiate Energy Contracts Risk Higher Losses
05.09.2012
The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the more
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Multiple VAT Rates Will Only Lead To Fiscal Evasion, Says IMF
05.09.2012
The International Monetary Fund wouldn’t recommend Romania charges different sales tax rates for different types of business activities, because the measure will likely lead to tax evasion, IMF more
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IMF: Romanian Economy On Track, Except For Government Arrears
05.09.2012
Romania met most of its quarterly targets under a EUR3.5 billion loan agreement with the International Monetary Fund, excepting in the general government arrears sector, IMF mission head Jeffrey more
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Ponta Reiterates Second Public Wage Raise Will Be In December
05.09.2012
Romanian Prime Minister Victor Ponta reiterated Wednesday that a second raise in public wages will be granted as of December, after IMF mission head Jeffrey Franks said wages would be fully restored more
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IMF: Romania's Economic Growth Not Enough To Improve Living Standards
01.30.2012
Romania’s economy expanded by 2.5% in the last three months of 2011, the fourth consecutive quarterly growth, but the recovery is not enough to make a lasting imprint on the quality of life of more
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IMF Concerned About Renewed Pressure On Romanian Leu Exchange Rate
12.21.2011
The Romanian central bank should pursue a cautious monetary policy to fend off possible pressures on the leu and renewed capital outflows, an official of the International Monetary Fund told MEDIAFAX. more
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IMF: Romanian Banks Not In Danger Of Collapsing
12.21.2011
Romanian banking system remains rather balanced, despite some deleveraging from parent banks, and it is highly unlikely that one of the lenders should collapse, an official of the International more
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IMF Sees Romania's Structural Deficit At 0.1% Of GDP In 2012
12.21.2011
Romania's structural deficit will drop from 2.8% of the gross domestic product this year, to 0.1% of the GDP in 2012, thus respecting the 0.5% limit established in the latest European summit, more
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Franks: Romania, World Bank Could Sign IMF-Like Deal In 2012
12.20.2011
The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International Monetary more
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IMF: Romania Central Bank Should Keep Reserve Requirements Unchanged
12.20.2011
Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficulties in more
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Franks: State Companies Belong To Romanian People, Government Must Ensure They Run Properly
11.13.2011
Romanian state-owned enterprises ultimately belong to the Romanian people, so it is the Government's responsibility to ensure they are properly run and that their managers have the people's interest more
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Franks, IMF: Would Have Waited A Few Months Before Slashing Rates
11.08.2011
Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bucharest, more
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IMF: Romania Needs Privatization, Private Management To Foil “Wise Guys”
11.07.2011
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profit, says more
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IMF: Romania May Raise Salaries, Pensions Slightly In 2012, If Things Go Well
11.07.2011
Romania's Government has agreed with the IMF and EC to freeze public sector salaries and pensions, but to increase them slightly halfway through next year, if budget revenue allows, said IMF mission more
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Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies
10.26.2011
Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the more
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IMF: Romania Must Shield Itself From Financial Turmoil
10.26.2011
Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official of more
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IMF To Halve Romania’s 2012 GDP Growth Forecast On European Worries
09.30.2011
The International Monetary Fund is likely to revise down its growth forecast on Romanian economy to around 2% in 2012, from 3.5% presently, due to deteriorating conditions in European markets, more
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IMF: Political Pressures Could Weaken Romania Reform Process
09.30.2011
The pace of reforms in Romania has slowed down in the last three months, particularly regarding the privatization of state-owned companies, and the International Monetary Fund is concerned that more
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Franks: Romanian Healthcare Clawback System Hasn't Worked, Copayment Needed
08.01.2011
Romania's Government should replace the clawback tax in the healthcare system with a new version and implement the proposal for co-payment as soon as possible, Jeffrey Franks, head of the IMF more
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Franks: Romania’s Government Has To Set Its Top Priority
08.01.2011
Romania’s Government has to choose between raising public sector wages, allotting more funds for investments and reducing social security contributions, Jeffrey Franks, head of the International more
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Franks: Romania To Put 15 Companies Under Private Management
08.01.2011
Romania and the International Monetary Fund have agreed on a list of 15 state-owned companies which will be run by private managers, IMF mission head Jeffrey Franks said Monday. more
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IMF: Romania Inflation Likely To Top 5% In December
08.01.2011
Romanian inflation is likely to ease further over the coming months, but the year-end rate will probably come in above the central bank’s forecast of 5%, the International Monetary Fund said Monday. more
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Franks: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments
07.30.2011
Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, more
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A Monetary Policy Change Likely Later In The Year - Franks
06.28.2011
A potential change in the monetary policy is a decision that can be made later this year, not necessarily in Wednesday's board meeting of the central bank, said Jeffrey Franks, the head of the more