Romania will sign new agreements with the IMF and the EU for another two-year period, under which EUR 4bn will be made available to the country, sources quoted by HotNews informed.
A key focus of the programme will be reforming the healthcare system, the sources said. Notably, the EUR 1bn unpaid bills to medicine suppliers, owed by the public healthcare system, were tackled under the previous agreement with the Fund. The payment arrears should be eliminated by the end of 2014, under the latest plans.
The EUR 4bn would be made available in equal shares by the Fund and the EU. The loans attached will however be used only under an emergency situation. Romania also treated as precautionary the past EUR 5bn agreement with the IMF and the EU.
The details of the agreement will be disclosed on July 31, the government said earlier this week.
Nonetheless, the sources informed that:
Romania’s Banca Transilvania (BT) has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66% alongside the European Bank for ... more
Romania’s government on January 12 signed a €900mn contract to buy 227 Piranha 8x8 armoured fighting vehicles (AFVs) from US producer General Dynamic, partly assembled at Uzina Mecanica Bucuresti ... more
The Romanian government is committed to taking over a 51% stake in Mangalia shipyards from Daewoo and revive the yard by producing military ships, Prime Minister Mihai Tudose said on January 10 in an ... more