Expats

Romania president cautious on pay rise deal with IMF [May 06, 2012] (BUCHAREST ) - Romania's President Traian Basescu said Sunday he would oppose a deal with the IMF and the EU to raise public wages if it meant exceeding the public deficit target set for 2012. [via YahooNews] More >>

Romania must trim its 2012 deficit target: president [Oct 24, 2011] (BUCHAREST ) - Romania's President Traian Basescu said Monday the government should bring the 2012 deficit target under 3.0 percent in order to avoid fast-growing credit costs due to the eurozone debt crisis. [via YahooNews] More >>

Romania Sells Fewer Bills Than Planned as Investor Concerned Over Deficit [Sep 13, 2010] Romania sold less debt than planned for the second time this month as investors sought higher yields on concern the country will fail to meet its budget-deficit target amid mounting political instability. [via YahooNews] More >>

Romanian gov't to keep deficit target unchanged despite unexpected hardships: PM [Aug 05, 2010] Romanian Prime Minister Emil Boc said Wednesday that his government will keep the deficit target unchanged for this year and the coming two years, despite the unexpected hardships. [via YahooNews] More >>

IMF backs Romania deficit relax plan [Jul 26, 2010] The International Monetary Fund on Friday said it supported Romanias proposal to relax the 2010 deficit target. [via YahooNews] More >>

IMF backs Romania plan to relax 2010 deficit target [Jul 25, 2010] Funds mission to Bucharest starts today. The International Monetary Fund on Friday said it supported Romanias proposal to relax the 2010 deficit target. [via YahooNews] More >>

Romania Awaits IMF Loan Review as Government Raises VAT to Plug Budge Hole [Jun 28, 2010] The International Monetary Fund board will meet June 30 to consider an 850,000-euro ($1 billion) loan installment for Romania after the government raised the value-added tax to meet an IMF-mandated budget-deficit target. [via YahooNews] More >>

Romania to Raise Value-Added Tax to Meet IMF-Imposed Budget Deficit Goal [Jun 26, 2010] Romania will raise the value-added tax to 24 percent from 19 percent to plug a budget hole after a court threw out its plan to cut pensions by 15 percent and meet an International Monetary Fund-mandated budget-deficit target. [via YahooNews] More >>

Romania to slash wages, pensions to meet IMF target [May 06, 2010] (BUCHAREST ) - Romania will slash wages and pensions in the public sector in order to meet an IMF deficit target, Romanian President Traian Basescu announced on Thursday. [via YahooNews] More >>