“This will be a very short mission, of one, two or three days, to finalize the 2010 budget. There is a slight difference between us (IMF), the Commission, and the authorities… We must bring this moment to a close, and regardless of who ends ups coming, we must take certain public policies into consideration. There ...
These cuts must be made to meet the 5.9 percent budget deficit target agreed upon with the IMF. Also, the Fund warns it will not agree to another increase in arrears to the private sector. “It would be a big mistake to push some of the deficit into arrears. I hope that the experience of ...
“Romanian disillusionment will come from the fact that we will be unable to influence the agricultural policy with a commissioner who holds this portfolio. First of all, Romania has not applied convergent policies, clear strategies, but has remained archaic. Also, CAP will focus increasingly on a competitive formula, and Romania will be disadvantaged because it ...
“This is a procedure that the Ministry of Finance resorts to… it’s a sort of insurance. They are proactive, this is a very good thing. The amount of 400 million is not very large for Romania. I believe they will obtain it. It depends on the cost,” said Lucian Croitoru, Advisor to the Governor of ...
The report shows that 61 percent of persons prefer older buildings over new ones, with 76.2 percent preferring an old building in the city over a new building outside.
But how does this actually work? On the one hand, one law stipulates a 15 percent drop in state employee revenues until December, and the second freezes these at this level. As such, revenues must drop as early as the last quarter in 2009, according to the draft law concerning the rationalization of public spending. ...
“The unions want to strike. Fine. Let them strike. But let the unions not forget one thing: that we have a €20 billion agreement, of which we have drawn 6. If we go against this agreement, as of tomorrow, the exchange rate will take a dive. We have a new evaluation due in fall. No ...