The Romanian government will make public on July 31 the details of the follow-up stand-by agreement with the IMF and the EU, PM Victor Ponta announced.
The details of the new agreement were already sketched, he stressed, but last-minute adjustments are possible. Notably, the PM’s statement confirmed that the EU will join the IMF in the new agreement with Romania – after speculations had put under doubt EU's partaking in the Fund’s new deal.
The new agreement will tackle the privatisation process at large state-controlled companies like energy firms Hidroelectrica, Nuclearelectrica and Romgaz, Ponta disclosed.
Under the previous arrangement, IPOs of 10-15% stakes at these three energy companies were considered but they have been delayed and will probably be re-scheduled under the follow-up agreement. The privatisation of cargo railway company CFR Marfa, currently in limbo, will also be tackled, Ponta said.
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