01.28.2013

The legal administrator of Romanian debt-mired chemical plant Oltchim (OLT.RO) will present in mid-April a report on the situation at the company and the steps to be taken to restructure the company, more

01.28.2013

The International Monetary Fund has agreed in principle to a two-month extension of Romania’s EUR3.6 billion precautionary loan agreement due for completion in late April, Romanian Prime Minister more

01.28.2013

Romania will amend the contracts of hospital managers so that they can be replaced following quarterly evaluations, if the hospital registers arrears for three consecutive months, according to the more

01.28.2013

Romania will introduce copayment in the healthcare sector starting March and patients will pay a modest fixed amount depending on services provided, excluding emergency services, according to the more

01.28.2013

Romania’s government has pledged to sell a majority stake in state-run freight rail company CFR Marfa by mid-May, with the deal to be complete once “all conditions in the sale-purchase agreement more

01.25.2013

The Romanian central bank (BNR) informed the International Monetary Fund it will likely miss the inflation target for 2013 as well, after failing in six of the previous eight attempts, official more

01.25.2013

Romanian authorities asked the International Monetary Fund for an extension of the country’s EUR3.6 billion loan arrangement that will expire in April, to get more time to fulfill its commitments. more

01.22.2013

Romania will privatize and launch initial public offerings targeting companies under the authority of the Economy Ministry by the end of April, the ministry head said Tuesday. more

01.22.2013

Romanian authorities’ enthusiasm regarding the economic growth has been tempered by discussions with the experts from the International Monetary Fund, the European Commission and the World Bank, more

01.15.2013

Romanian unionists and International Monetary Fund representatives will meet Monday evening for talks on the minimum wage and the state budget for 2013, union leader Bogdan Hossu told Mediafax more

01.14.2013

Romanian Prime Minister Victor Ponta Monday said his country has fulfilled all fiscal terms under a EUR3.6 billion loan agreement with the International Monetary Fund due for completion this quarter, more

01.08.2013

Romania should step up reform implementation and aim for a successful completion of its EUR5 billion loan arrangement with the International Monetary Fund and other foreign creditors before trying to more

01.03.2013

A team from the International Monetary Fund will visit Bucharest between January 15 and 29 to review Romania’s performance under a EUR3.6 billion stand-by agreement, the fund said in a statement more

12.22.2012

Romania’s new Cabinet, which received the Parliament’s endorsement Friday evening, convened Saturday morning to approve its organization chart and discuss its immediate priorities. more

12.18.2012

Joint teams from the International Monetary Fund, the EU and the World Bank will come to Bucharest around January 10 to review Romania’s progress under a EUR5 billion loan agreement and discuss the more

12.10.2012

Romania should expect tougher negotiations at next year’s discussions for a follow-up agreement with the International Monetary Fund, considering that the general fiscal framework announced for the more

11.22.2012

A new deal with the International Monetary Fund will help consolidate Romania’s position abroad and boost investor confidence, an official of the European Investment Bank said Thursday. more

11.14.2012

The Romanian Government wants to raise military pensions which were cut following recalculation, but International Monetary Fund representatives disapprove of the proposition, people close to the more

11.14.2012

Romania must fulfill its commitments assumed under a EUR5 billion multilateral loan package before negotiating a follow-up deal with the International Monetary Fund, the EU and the World Bank, the more

11.09.2012

The setting up of a new agreement with the International Monetary Fund IMF would strengthen investors’ confidence during a difficult period, representing "good news" for the financial markets, more

11.09.2012

Romania and the International Monetary Fund will discuss the terms of a potential follow-up loan agreement at the fund’s next review mission in January 2013, Finance Minister Florin Georgescu said more

11.08.2012

Romanian President Traian Basescu Thursday said his country plans to obtain a new loan agreement with the International Monetary Fund once the existing one ends in April 2013. more

11.08.2012

Romania has made good progress on lowering its budget deficit toward 3% of the gross domestic product in 2012, which will create the premises for a ”normalization of the fiscal policies” starting more

11.04.2012

Romania’s Government will resume talks with the International Monetary Fund on lowering VAT on basic food items to 9% instead of the current 24%, as soon as the Agriculture and Finance ministries more

10.25.2012

The Government must decide which companies it keeps and privatize or liquidate the remaining ones because the Romanian sector of state-run enterprises is still oversized even when considered against more