According to Germany's finance minister, Europe will soon decide on a common candidate as its choice to lead the IMF. Wolfgang Schaeuble said that Europe needs a common candidate and we have to look for … [Read more...]
Strauss-Kahn Says It Was Consensual
May 19, 2011 By Leave a Comment
According to the New York Post, IMF chief Dominique Strauss-Kahn, aka DSK, did have sex with the maid he is alleged to have assaulted. Sources say that DSK's defense is going to claim that he did have … [Read more...]
Government And IMF Agree To Drop Heating Subsidies
May 12, 2011 By Leave a Comment
Romanian authorities promised the IMF they would eliminate the subsidy on thermal energy granted to the population. The result would be registered in the cost of heating and hot water going up by up to … [Read more...]
IMF: Romania To Privatize Companies
May 10, 2011 By Leave a Comment
According to an International Monetary Fund official, Romania will shut down, restructure or privatize some state-owned energy and transport companies. This measure is meant to keep their losses from weighing … [Read more...]
Romania Risks To Pay Back 1.5 bn Euro If EU Projects Are Not Completed In 2011
May 10, 2011 By Leave a Comment
According to the head of the IMF evaluation mission, Jeffrey Franks, Romania risks having to return 1.5 billion Euro is some EU-funded projects are not completed this year. He said that the government … [Read more...]
Romanian Airline Tarom Not To Be Privatized
May 9, 2011 By Leave a Comment
According to Mediafax sources, in the new letter of intent to the IMF, the Romanian Government states its goal to privatize chemical plant Oltchim and the Turceni, Rovinari and Craiova energy complexes. … [Read more...]
Traian Basescu: The Energy and Gas Markets’ Complete Liberalization Postponed Until 2015
May 9, 2011 By Leave a Comment
On Saturday, the Romanian President Traian Basescu said after a meeting with the International Monetary Fund delegation that the deregulation of gas and electricity prices for households should be put … [Read more...]
IMF: By 2016, China’s Economy Is To Surpass That Of The US
April 27, 2011 By Leave a Comment
The International Monetary Fund (IMF) has predicted that the Chinese economy will surpass that of the US by 2016. The fund’s forecast is based on “purchasing power parities” and says China’s gross … [Read more...]
IMF Expert Team In Bucharest
April 27, 2011 By Leave a Comment
On April 26, an IMF expert team headed by Jeffrey Franks arrived in Bucharest for the first review of the precautionary stand-by agreement with Romania, which was approved on March 25. The visitors will … [Read more...]
