A team of the International Monetary Fund, led by Jan Kees Martijn, the head of the mission for Romania, will be in Bucharest between September 25 and October 4, 2023, for the annual analysis of the Romanian economy based on Article IV, announced the international financial institution in a press release.Such consultations take place periodically with all IMF member states.The IMF team will discuss economic policies with the Romanian authorities in meetings with representatives of the Ministry of Finance, the National Bank of Romania, government agencies, according to the press release signed by Geoff Gottlieb, the regional representative of the IMF for Central, Eastern and South-Eastern Europe. At the same time, the experts of the international financial institution will meet with representatives of the private sector and non-governmental organizations, the source adds.At the end of the visit, it is expected that the IMF mission will organize a press conference.The consultations constitute a supervisory exercise that is mandatory for all member states. The purpose of consultations based on Article IV is to examine the financial and economic situation at the national level and formulate some general recommendations regarding monetary policies, financial and economic policies to be followed to ensure stability and a positive evolution at the level of the economy. Based on the preliminary findings of this mission, the team prepares a report which, once approved by the management, will be presented to the IMF Executive Committee for discussion and approval.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
