05.06.2012

Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Monetary more

05.06.2012

Romania will appoint private managers to run state-owned companies by October and the first companies targeted are hydropower generator Hidroelectrica and natural gas transporter Transgaz (TGN.RO), more

05.06.2012

The International Monetary Fund and European Commission have accepted Romanian authorities’ plans to restore public wages to pre-austerity levels gradually, with a first raise, of 8%, to take place more

05.05.2012

Romania will privatize chemical producer Oltchim Ramnicu Valcea (OLT.RO) in September and resume the sale of copper producer Cupru Min, the country’s minister-designate for economy, Daniel Chitoiu, more

05.04.2012

Romania’s newly named government officials will meet Friday with delegations of the International Monetary Fund and the European Commission for formal talks on the country’s progress under a EUR5 more

05.04.2012

High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the budget more

05.03.2012

Romania's Prime Minister-designate, Victor Ponta, said Thursday that salary raises for the public sector are included in the government program, adding that he hopes negotiations with the IMF on this more

05.01.2012

Prime Minister-designate Victor Ponta said, after the “informal” talk with the joint delegation of the International Monetary Fund, the European Commission and the World Bank, that there are more

04.29.2012

The International Monetary Fund and the European Commission have high hopes that Romania’s new Cabinet will fulfill its commitments toward international partners, according to a press release of the more

04.27.2012

The International Monetary Fund will suspend negotiations with the Romanian authorities on the coming economic and financial criteria under a EUR3.6 billion loan agreement signed last year until a new more

04.26.2012

The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the setting up of more

04.22.2012

A delegation from the International Monetary Fund (IMF) will begin Tuesday the fifth review of a EUR3.5 billion precautionary agreement signed last spring. more

04.12.2012

A delegation of the International Monetary Fund will visit Romania between April 24 and May 7 for the fifth review of a EUR3.5 billion precautionary agreement signed last spring. more

04.10.2012

Romania's Government has falsely informed the IMF that it has eliminated restrictions against the opening of large retail centers, and the letter of intent that includes this claim has been approved more

03.30.2012

The fiscal adjustment in Romania, which entailed a 25% cut in public sector wages, lower social contributions and a higher value added tax, could have been more gradual, with a lighter impact on the more

03.29.2012

Back when the previous stand-by arrangement was in place, IMF experts proposed the creation of a bad bank, which would manage ailing assets in the form of non-performing loans in the banking system. more

03.27.2012

Romanian authorities must draw up a bill on reforming the healthcare sector by the end of June, Tonny Lybek, International Monetary Fund resident representative in Romania and Bulgaria, said Tuesday. more

03.21.2012

The International Monetary Fund Wednesday completed the fourth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a new EUR505 more

03.15.2012

Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization announcement more

02.23.2012

The Romanian website of the International Monetary Fund was attacked by hackers Thursday morning, two days after a similar attack against the website of local energy regulator ANRE. more

02.22.2012

Romanian Prime Minister Mihai Razvan Ungureanu on Wednesday assured officials of the International Monetary Fund and the European Commission the new Cabinet will continue the reforms pledged by the more

02.20.2012

The new Government has not so far issued opinions on the performance of the economy or on concrete measures to support the economy, after the negative signals of the past few months. The more

02.17.2012

Officials of the International Monetary Fund and the European Commission will visit Romania on February 21 and February 22 to meet the new government and discuss recent economic developments and more

02.16.2012

Romanian Prime Minister Mihai Razvan Ungureanu has invited Jeffrey Franks, head of the IMF mission to Romania, and Istvan Szekely, Director and European Commission mission chief to Romania, to more

02.09.2012

Bucharest subway operator Metrorex will adopt new circulation schedules to bring transport capacity in line with market demand, by the end of June 2012, as per the agreement between the Romanian more