IMF coming back to Bucharest on June 2

Newsroom 27/05/2014 | 13:18

A mission from the International Monetary Fund will visit Bucharest at the start of next week for the first evaluation of the stand-by agreement. Also on the agenda is the social contribution cut back (CAS) that the Romanian authorities want to implement starting this summer.

The mission will first and foremost analyze the budgetary execution for the first five months of they year, also taking into account estimates regarding state income and economic growth.

At the end of march, the IMF board approved the first two evaluations of Romania’s agreement which was closed last year. As a result, the state had EUR 436 million placed at its disposal.

The total sum Romania will depend on through IMF rose to EUR 654 million, according to the international institution.

This current agreement Romania with the international Monetary Fund and the European Commission will be the last one Romania ever needs, according to Liviu Voinea’s comments, delegate minister for the Budget.

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Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
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