Expats

Unions rally, tell Romanian PM to quit [Jan 24, 2012] BUCHAREST (Reuters) - Thousands of Romanians rallied in Bucharest on Tuesday to demand the government resigns over its tough austerity measures, the latest in a wave of protests that have led to some concessions but no change in policy. The hardship caused by austerity measures passed in 2010 to keep a 20-billion-euro International Monetary Fund-led bailout on track has until recently provoked ... [via YahooNews] More >>

Greek President Karolos Papoulias visits Romania as unions strike at home [Jun 29, 2011] BUCHAREST, Romania - Greek President Karolos Papoulias has arrived in Romania for a two-day visit and has met Romania's President Traian Basescu. Papoulias' visit takes place on the day of a general strike in Greece to protest against a new austerity package needed to get crucial bailout funds. [via YahooNews] More >>

Romania seeks precautionary IMF, EU loan agreement [Feb 07, 2011] (AP:BUCHAREST, Romania) Romania will seek a euro5 billion ($6.82 billion) precautionary loan from the International Monetary Fund and the European Union this spring, when the current two-year bailout agreement ends, the central bank governor said Monday. [via YahooNews] More >>

Romania seeks precautionary loan agreement with IMF, EU [Feb 07, 2011] BUCHAREST, Romania - Romania's central bank governor says the country will seek a ?5 billion ($6.82 billion) precautionary loan from the International Monetary Fund and the European Union this spring, when the current bailout agreement ends. [via YahooNews] More >>

Romanian government survives no-confidence vote [Dec 23, 2010] BUCHAREST (Reuters) - Romania's Prime Minister Emil Boc survived a fourth no-confidence vote this year on Thursday, as expected, showing his fragile coalition can push ahead with reforms to keep a 20 billion euro IMF-led bailout on track. [via YahooNews] More >>

Romanian Prime Minister Boc Will Probably Survive No-Confidence Vote Today [Dec 23, 2010] Romanian Prime Minister Emil Boc will probably survive the second attempt this week to topple him over legislation needed to qualify for bailout payments. [via YahooNews] More >>

Romanian government survives no-confidence vote [Dec 20, 2010] BUCHAREST (Reuters) - Romanian Prime Minister Emil Boc survived his third no-confidence vote this year as expected on Monday, enabling his fragile coalition to press on with reforms to keep a 20-billion-euro bailout on track. [via YahooNews] More >>

Romanian Cabinet Backs 2011 Budget With Tighter Gap to Qualify for Bailout [Dec 07, 2010] Romania?s government approved a budget draft for 2011 late yesterday to qualify for international bailout loans, and will send it to Parliament for debate and approval by the end of this year. [via YahooNews] More >>

Romania Agrees With Lenders of Conditions for $3.3 Billion Disbursement [Nov 01, 2010] Romania agreed to terms that may release 2.4 billion euros ($3.3 billion) of bailout loans from the European Union, International Monetary Fund and World Bank as it seeks to recover from the deepest recession on record. [via YahooNews] More >>

Romania Net Wages Drop a Second Time in August on Public Pay Reductions [Oct 05, 2010] Romanian wages dropped in August for the second time this year after the government cut public sector wages to meet International Monetary Fund -agreed bailout targets. [via YahooNews] More >>

Romania top court likely obstacle to International Monetary Fund deal [Sep 23, 2010] BUCHAREST, Sept. 23 (Reuters) - Romania's top court is likely to reject a key law to overhaul its inefficient pension system, which could cause market turmoil and force the government to raise taxes to keep a 20 billion euro IMF-led bailout on track. [via YahooNews] More >>

Romanian August Inflation Quickens to Fastest in 2 Years on VAT Increase [Sep 10, 2010] Romanian inflation accelerated in August to the fastest pace in two years after the government increased the value-added tax last month to meet International Monetary Fund-mandated bailout targets. [via YahooNews] More >>

Romanian Premier Boc Replaces Six Ministers Amid Criticism Over Austerity [Sep 02, 2010] Romanian Prime Minister Emil Boc replaced six ministers in his Cabinet, including the finance and economy ministers, amid criticism over austerity measures aimed at meeting international bailout conditions. [via YahooNews] More >>

Romanian Inflation Accelerates to Fastest Pace in Two Years on VAT Rise [Aug 11, 2010] Romanian inflation accelerated in July to the fastest pace in almost two years after the government increased the value-added tax by 5 percentage points to meet international bailout conditions. [via YahooNews] More >>

Romania Central Bank's Isarescu Raises Year-End Inflation Estimate to 7.8% [Aug 06, 2010] Romanias central bank raised its inflation forecast for 2010 and 2011 after an increase in the value-added tax to meet international bailout conditions boosted prices. [via YahooNews] More >>

Romania's lenders extend 20bn bailout [Aug 04, 2010] Romania's international lenders extended a 20 billion bailout programme today, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future. [via YahooNews] More >>

IMF Mission Recommends Payment to Romania If Private Sector Arrears Paid [Aug 04, 2010] An International Monetary Fund mission to Romania will recommend releasing the next tranche of the nations 20 billion-euro ($26 billion) bailout if the government settles arrears to private companies. [via YahooNews] More >>

IMF `Impressed' With Romanian Government's Deficit Commitment, Franks Says [Jul 03, 2010] The International Monetary Fund was very impressed with the Romanian governments commitment to its bailout agreement after it raised a sales tax to win approval, said Jeffrey Franks , the funds mission chief to the country. [via YahooNews] More >>

IMF loan 'saved' Romania, but economy still sagging: analysts [May 09, 2010] (BUCHAREST ) - A bailout deal signed a year ago with the IMF and the European Union "saved" Romania from bankruptcy, but its economy is still sagging for lack of reforms, analysts say. [via YahooNews] More >>