Romania should address delayed structural reforms targets under the current stand-by arrangement (SBA) prior to signing a new accord, IMF experts visiting Romania were quoted by Mediafax as saying. The statement comes after President Basescu announced that both the PM and central bank agreed a new follow-up arrangement with the Fund - of one to two years. Romania has not met several commitments set under the SBA. The sale of stakes in major state companies, the appointment of new management teams in state-controlled companies and the payment arrears of central budget, local administration and state companies are the most important of them. The IMF team, accompanied by the WB and EC experts, left Bucharest yesterday, November 14 after discussions over the seventh quarterly review of the SBA, started in spring 2011. The experts will however return after December 9 parliamentary elections for wrapping up the quarterly review. |
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