Romania does not run the risk of cashing money from the IMF agreement, Tanasescu deems
The economist declared for the Money Channel that in 2012 the main financing sources will be the economic growth, an increase in European funds and a chain swap mechanism with state companies that owe money to each other and to the state budget."Many companies...
Romania does not need another loan from IMF, official deems
“My message is clear, we do not need another loan from IMF and I exclude this possibility as Romania proved its capacity of borrowing money from the internal and external markets,” said Tanasescu, adding the authorities should cooperate constantly with the financial institutions. “A...
Romania’s budget gap widens to LEI 18.07bn in H1, below the threshold agreed with IMF
According to provisional data, the revenues estimated at the general consolidated budget amounted to 77.2 billion lei, 0.1 percent down from the same period in 2009.The fiscal incomes rose mainly on the value added tax (VAT) segment, where incomes advanced to -3.7 percent at...
Premier Emil Boc: It is premature to talk about a new accord with IMF
“It is premature to talk about a new accord with IMF and we are not discussing on this topic at the time,” Boc said.The premier also denied the possibility of changing the VAT as it will remain the same, he said.
IMF mission comes back to Bucharest on Monday to decide on granting a new installment
The mission will be led by Jeffrey Franks and will settle next to the representatives of the Finance Ministry the budget revision and Romania's new macroeconomic targets.At the end of the mission, the Fund's experts will present the revised estimates on the economy and...
Romania’s inflation could reach 8% at year-end, IMF official says
The inflation generated by the value added tax (VAT) increase should not worry anyone, as it is not a monetary inflation, said Lybek. He added the Fund estimates inflation to reach about 8 percent at year-end, plus or minus one percentage point, but mentioned...