Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bucharest, told MEDIAFAX. source: Ziarul Financiar
Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, an official of the International Monetary Fund said Monday. source: Ziarul Financiar
Romania Unable To Use IMF Money To Fix Decline In Number Of Jobs
Romania has been unable to “fix” the effects of the crisis with the International Monetary Fund money in four years as its economy lost 630,000 jobs. source: Ziarul Financiar
Jeffrey Franks, IMF: Inflation fell more than expected in Romania
Jeffrey Franks, the head of the International Monetary Fund (IMF) delegation in Bucharest has recently said that the inflation in Romania fell more than expected and this was the best sign for the Romanian economy recovery. “For 2011 we have a similar vision to the Governments, the figures have been discussed with the National Bank and the Ministry of Finance, and the indicators are relatively good in the third quarter, mainly due to the crops. Our forecast shows an increase of 1.5 percent in 2011,” said Jeffrey Franks during a meeting with the Romanian President Traian [...]
Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast
The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit of 3% of GDP. source: Ziarul Financiar
IMF Delegation To Visit Romania October 25 – November 7
A delegation of the International Monetary Fund will visit Romania between October 25 and November 7 for the third review of a EUR3.5 billion precautionary agreement signed end March. source: Ziarul Financiar
IMF approves EUR 480 mln payment, third loan tranche for Romania
The International Monetary Fund’s Executive board has recently approved the second review of the precautionary agreement and will provide for Romania the third tranche of EUR 480 million. The first tranche was of EUR 67 million, while the second amounted to around EUR 475 million. In March 2011 the Romanian authorities decided to extend the agreement with the IMF through a precautionary agreement worth EUR 3.6 billion. The new agreement with IMF is accompanied by a EUR 1.4 billion preventive support from the European Union and a loan of EUR 400 million from the World Bank. Jeffrey Franks, [...]
IMF: Romania To Step Up EU Funds Absorption, State Companies Reform
Romania has made good progress in reaching its economic and financial indicators under a EUR3.5 billion loan agreement with the International Monetary Fund, but further reforms are needed to ensure sustainable growth, the IMF said in a statement Thursday. source: Ziarul Financiar
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
