Romanian government still has no deal with IMF or EC

As a result of the recent gas crisis, the Economy Ministry expressed its interest in being a part of Nabucco project, investing in the liquefied gas terminal at Constanta, realizing interconnections with Hungary, Greece, Bulgaria and the former Yugoslavia and finalizing the construction of nuclear units 3 and 4 at Cernavoda.

The Romanian official informed the IMF representatives that the Economy Ministry would continue the privatization of energy companies in its portfolio.

The meeting involved a lot of talk, but no tangible results. President Traian Basescu has announced publicly that he opposes a deal with the IMF, but supports an agreement with the EC.

An EU delegation arrived in Bucharest last week. “A mission of experts from the commission will discuss macroeconomic stability and probably talk about the possibility of giving Romania financial support,” Nicolae Idu, head of the EU delegation in Bucharest, told Reuters.

But his statement was rejected by officials of the European Commission Representation in Romania. “The visit aimed to monitor the development of the macro-economic and public finance situation as the new government finalizes the budget for this year. There has been no request for financial support. We will not comment further on this issue at this stage,” said Daniela Rosca, press officer with the EC bureau in Romania.

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