Archive » May 2010 » 10 May 2010 The english news from 10 May 2010
ING considers revising growth outlook
ING said the Government's austerity plan that includes cuts in wages, pension and unemployment benefits are much more efficient than raising taxes, in terms of medium and long-term economic performance. "Short term prospects are poor, and when further details on the austerity plans are released"…
IMF, EC and WB present the conclusions to Romanias evaluation on Monday morning
The representatives of the IMF, together with the European Commission and the World Bank will present at 9:00 the conclusions of the evaluation mission started by 27 April in Bucharest, IMF announced. At the press conference organised by IMF on Monday, at the headquarters of BNR in the Mitita Constantinescu…
EP calls on Romania and Bulgaria to better manage EU funding
The European Parliament called in particular on Bulgaria and Romania, in a report adopted yesterday, to build up their administrative capacity to manage EU funding, remove existing or potential conflicts of interest in fund management and improve the supervision and transparency of public procurement procedures at central, regional and local levels…
Switzerland will offer 257 million Swiss Francs to Romania and Bulgaria
Switzerland will offer 257 million Swiss Francs to Romania and Bulgaria within its contribution to the European Union extension, a press release of the Federal Authorities in Bern informs on Friday. The funds will be offered after the ratification of the framework agreements for the newest member states of the EU…
Romania could receive IMF tranche by June-end
Romania could receive IMF tranche by June-end, in case measures announced by the Government are implemented till June 20, the Public Finance Minister Sebastian Vladescu announced. "We established (together with International Monetary Fund - IMF delegation - editor's note) all the other details linked to the budget rectification"…
BNR governor Mugur Isarescu: Situation is quite complicated
The situation is "quite complicated", especially since Romania cannot afford to ignore the economic context of the region and the risk of a quick impact of the financial crisis in Greece, governor of the Romanian National Bank (BNR) Mugur Isarescu on Monday said, after the meeting with members of the Senate Standing Bureau…