The International Monetary Fund (IMF) delegation present in Bucharest these days did not ask Romania for drastic measures, tax increases or austerity measures, stated the minister of finance, Tanczos Barna, who met on Thursday with the new head of the IMF mission in Romania, Joong Shik Kang."By gradually restoring the budget balance, we will be able to avoid exactly those painful measures that Romania was forced to take during the 2009 crisis and which, rightly, still generate fear among the people regarding the visits of the International Monetary Fund. The International Monetary Fund delegation is on an informal working visit to Bucharest and, contrary to the alarmist rumors of the last few days, did not ask Romania for drastic measures, tax increases or austerity measures," the minister of finance wrote on his Facebook page.Tanczos Barna stated that, during the discussion with the representative of the international financial institution, he reaffirmed the commitment of the Romanian authorities to reduce the budget deficit and create a more flexible state in the next 7 years, increasing allocations for investments that support the economy."We agreed that Romania must regain the trust of international partners and investors, and this is possible only by respecting the commitments assumed and by bringing stability and predictability to the country's finances. We have already taken the first step, by adopting the budget, and now a consistent implementation is necessary," the same source emphasised.An International Monetary Fund mission is visiting Bucharest, from February 3 to 7, for an analysis of the latest economic developments and an update of the forecasts.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually assesses the development of the Romanian economy, based on consultations on Article IV.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
