Romania's top politicians and the central bank governor set the parameters of the new precautionary agreement with the IMF and the EU, which will be proposed after the expiry of the current agreement in May, Mediafax reported, quoting a central bank statement. No further details regarding the agreement were revealed. The talks with IMF on the new stand-by agreement are expected after January 20. In separate news, the Fund's Board is expected to discuss today the quarterly review on the ongoing SBA with Romania. President Traian Basescu said in a broadcast speech that the new agreement with the Fund should focus on key issues such as fiscal consolidation, structural reforms and public sector reforms. |
|
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more