loan

Romania’s Govt Pledges To Lay Off 70,000 Public Sector Employees In 2010

19:36, 10 Mai 2010
Romania’s Government pledged to reduce the number of public employees to 1.29 million this year by laying off about 70,000 employees in the public sector, according to the country’s additional letter of intent to the EUR13 billion standby agreement with the International Monetary Fund.

Romania To Limit 2011 Public Sector Wage Fund To RON39B

18:35, 10 Mai 2010
Romania will limit the public sector salary fund for next year to 39 billion lei (EUR1=RON4.1641) by reducing the number of employees in the public sector, according to the Memorandum of Understanding between Romania and the IMF and EU.

Romania Freezes Early Retirement, Limits Retirement For Incapacitated People

17:58, 10 Mai 2010
The Romanian Government will freeze early retirement starting June 1, 2010 until the country’s new pension law is enforced, and pensions for incapacitated people will be granted only if they were previously approved by Labor Ministry medical assessment teams.

Romania Forced To Contract New Loan In 2011 Unless It Cuts Wages, Pensions – President

19:08, 09 Mai 2010
Romanian President Traian Basescu said Sunday that if public salaries and pensions are not reduced, Romania will have to contract a new loan in 2011, which would simply “pawn” the future of the country and of millions of Romanians.

Romania’s Government Arrears Rose To RON1.6-1.7B – Fin Minister

14:59, 02 Mai 2010
Romania’s Finance Minister Sebastian Vladescu said the state’s arrears rose to 1.6-1.7 billion lei (EUR1= RON4.1276), from RON1.5 billion at the end of 2009, adding that, should the country pay all its 2009 overdue debts, its investment potential would be considerably reduced.

Romania Agriculture Ministry Cleared To Take RON1.4B Loan From State Treasury

10:05, 01 Apr. 2010
The Romanian Government cleared the country’s Agriculture Ministry to contract a loan of 1.4 billion lei (EUR1=RON4.0958) from the State Treasury, which will allow the ministry to make single area payments for 2009.

Romanian Senate Approves Guarantee Agreement For EIB Loan To Ford Romania

13:46, 23 Mart. 2010
The Romanian Senate approved Tuesday the draft law ratifying the Guarantee Agreement between Romania and the European Investment Bank (EIB), guaranteeing 80% of the a financing contract concluded between the EIB and Ford Romania.

EU Disburses EUR1B Loan Tranche To Romania

20:24, 11 Mart. 2010
The European Commission on Thursday disbursed EUR1 billion to Romania as part of a larger EUR5 billion loan agreed last spring, following new reviews of the country’s economic performance.

New Law On Early Loan Repayment Fees To Increase Romanian Bank Competition – Watchdog

14:10, 25 Feb. 2010
Changing Romanian legislation on early loan repayment fees will lead to stiffer competition between banks, lower interest rates and restart lending, Competition Council president Bogdan Chiritoiu said on Thursday.

Romania Pledges To Cut Staff Costs By 0.2% Of GDP In 2010

20:11, 23 Feb. 2010
Romanian government pledged to cut public personnel expenditure by 0.2% of the gross domestic product in 2010, according to the country’s latest additional letter of intent to the standby agreement with the International Monetary Fund.

IMF To Transfer EUR2.45B To Romania Tuesday

16:31, 22 Feb. 2010
The International Monetary Fund will transfer two new loan tranches amounting to EUR2.45 billion to Romania on February 23, the Finance Ministry said Monday.

IMF Approves EUR2.3B Disbursement For Romania

21:36, 19 Feb. 2010
The International Monetary Fund on Friday approved the disbursement of EUR2.3 billion for Romania after completing new reviews of the country’s performance under a EUR13 billion standby agreement.

IMF Votes Feb 19 Whether To Disburse EUR2.3B To Romania

12:47, 12 Feb. 2010
The International Monetary Fund is to decide February 19 whether it will disburse Romania another EUR2.3 billion of a EUR13 billion two-year standby loan, according to the IMF executive board calendar.

Romania To Get Loan With State Guarantee For Transylvania Highway Construction

16:09, 04 Feb. 2010
Construction works in 2010 on Romania’s Transylvania highway, linking central Brasov to western Bors on the border with Hungary, will be funded from a state-guaranteed loan, Transport Ministry state secretary Constantin Dascalu said Thursday.

EU To Disburse EUR1B Loan Tranche To Romania In March

11:21, 27 Ian. 2010
The European Commission mission to Bucharest said the second and the third review of Romania's financial aid are broadly positive, and the EU will release the second installment worth EUR1 billion in March.

IMF Says To Unblock EUR2.3B Tranches To Romania, Half Goes To Budget

11:00, 27 Ian. 2010
The International Monetary Fund is set to release in February EUR2.3 billion of the EUR13 billion stand-by loan, as the program agreed with the fund is broadly on track, Wednesday said Jeffrey Franks, head of IMF's mission to Bucharest.

Romania Most Likely To Get Next Tranches Of IMF Loan – PM

15:32, 24 Ian. 2010
Romania will encounter no problems in getting the next tranches of a EUR13 billion loan, as the country fulfilled its engagements, Romanian Prime Minister Emil Boc said Sunday.

Japan To Lend EUR315M To Romania For Bucharest Train Station-Airport Subway Line Project

17:13, 13 Ian. 2010
The Japanese Government will grant a loan of JPY41.87 billion (nearly EUR315 million) to Romania for the construction of a subway line reaching the international airport in Otopeni, outside capital city Bucharest, Romania’s Transport Ministry said Wednesday.

EU Hopes To Wrap Up Review Mission To Romania In Jan, Urges For Continued Progress

14:47, 17 Dec. 2009
The European Commission on Thursday urged Romania to “rapidly endorse” the draft budget for 2010 and carry on structural reforms, in view of releasing the second EUR1 billion tranche of its EUR5 billion loan to the eastern European Country.

IMF Likely To Give Romania Next 2 Tranches Mid March – Official

15:09, 19 Nov. 2009
The International Monetary Fund is likely to disburse the next two tranches of its EUR13 billion loan to Romania mid-March, IMF representative Tonny Lybek said Thursday.

IMF Mission To Return To Romania When Legitimate Govt Is Installed – President

12:52, 06 Nov. 2009
Romanian President Traian Basescu said Friday the mission of the International Monetary Fund, World Bank and the European Commission will leave Romania Saturday and will come again to resume talks on the standby loan agreement when the country has a legitimate Government.

IMF To Defer Loan Disbursement To Romania For Jan 2010 – Sources

11:50, 06 Nov. 2009
The International Monetary Fund will most likely defer a third loan disbursement of EUR1.5 billion to Romania for January next year, people close to the matter told MEDIAFAX Friday.

Romania Meets IMF’s Loan Terms, With ‘Maybe’ One Exception – Official

20:22, 04 Nov. 2009
Romania has met almost all targets set for September of its EUR13 billion standby arrangement with the International Monetary Fund, with maybe one exception, IMF mission’s head Jeffrey Franks said Wednesday.

EC, WB Premise Loan Tranches To Romania On Wage Law Adoption – Sources

16:52, 03 Nov. 2009
The European Commission and the World Bank are not likely to sanction further loan disbursements to Romania unless the country adopts its pledged structural reforms, particularly in the public wage and pension sectors, people familiar with the matter told MEDIAFAX Tuesday.

Public Sector Employees, Pensioners Might Get Less Money Until Romania Is Set On Track

14:50, 30 Oct. 2009
Romanian democrat liberal leader Theodor Stolojan said Friday on Realitatea FM radio that retirees and employees in the public sector might receive reduced pensions and wages due to the current political context and taking into account the country’s relation with the International Monetary Fund.

Romania To Borrow EUR370M From EIB For Subway Line

11:12, 29 Oct. 2009
Romania's Government on Wednesday authorized the Finance Ministry to contract a EUR370 million loan from the European Investment Bank for the construction of Drumul Taberei-Universitate subway line in capital Bucharest, acting Prime Minister Emil Boc said late Wednesday.

IMF Mission Meets Romanian Ctrl Bk Governor, Finance Minister

21:19, 28 Oct. 2009
A mission of the International Monetary Fund met Wednesday with central bank Governor Mugur Isarescu and held talks with the representatives of the Finance Ministry.

Romania Gets EUR300M In WB Money – Treasury Head

15:12, 21 Oct. 2009
Romania has received the first EUR300 million loan of a larger EUR1 billion financial package granted by the World Bank, Treasury head Laurentiu Andrei told MEDIAFAX Wednesday.

Romania To Get EUR300M From WB In ‘Few Days’ – Official

15:01, 20 Oct. 2009
The World Bank will give Romania a first EUR300 million loan from a EUR1 billion financial package in “a few days,” Finance Ministry state secretary Bogdan Dragoi told MEDIAFAX Tuesday.

Romania Pays $5.4M Of US’ Loan, On Behalf Of Local Cotton Importers

13:47, 20 Oct. 2009
The Romanian Government will pay from the state budget the remaining $5.4 million from a loan previously taken from the US Government for cotton acquisition by local companies, after importers refused to pay their debt.

EBRD May Lend EUR27M To Sibiu City Hall For Infrastructure Upgrade

15:50, 19 Oct. 2009
The European Bank for Reconstruction and Development may grant a loan of up to EUR27 million to the Sibiu municipality, central Romania, over the next two years, for a complex street rehabilitation program and construction of one small road bridge, EBRD said Monday.

EBRD Lends EUR25M To Raiffesen Bank Romania

12:17, 23 Sept. 2009
The European Bank for Reconstruction and Development on Wednesday said it will lend EUR25 million to Raiffeisen Bank Romania as part of a broader package worth EUR150 million to support Austrian group’s subsidiaries in the Eastern Europe.

Romanian Govt Clears Public Roads Auth To Borrow RON200M To Refinance Old Loan

12:46, 01 Sept. 2009
The Romanian government cleared the public roads authority CNADNR to borrow nearly 200 million lei (EUR1=RON4.2231) from the country’s Treasury to refinance a loan contracted in 2004.

Number Of Romanian Bad Loan Payers Exceeded 600,000 Persons In Jun

12:42, 26 Aug. 2009
The number of bad loan payers with loans overdue by more than 30 days exceeded 600,000 persons in June, according to the data of the Credit Bureau published by the central bank.

Romanian Govt, IBRD Cancel $35M From ’06 Loan For Transports

15:01, 25 Aug. 2009
The Romanian Government and the International Bank for Reconstruction and Development (IBRD) decided to cancel the $35 million installment from a $180 million loan approved in 2006 for infrastructure and transports, and to widen the lending interval for the third time, until the end of this year.

Romania Ctrl Bk To Use Own Cash To Refund EUR5B IMF Loan Tranche – Fin Min

15:32, 18 Aug. 2009
The Romanian central bank will use its own funds to repay a EUR5 billion first tranche from a total EUR13 billion loan agreed with the International Monetary Fund, and not public money, the country’s Finance Ministry said Monday.

Romanian President Wants 2nd IMF Loan Tranche To Fund Budget Deficit

12:01, 06 Aug. 2009
Romanian President Traian Basescu said late Wednesday that he would talk to IMF representatives on using the second tranche of the IMF loan to finance the budget deficit instead of raising central bank's foreign currency reserves.

Romanian Bks Took RON352M Short-Term Loans From Ctrl Bk In June, Highest In 3 Mos

16:02, 29 Iul. 2009
Romanian lenders borrowed 352 million lei (EUR1=RON4.2138) in June from the central bank BNR through the lending facility, the highest level since March, the central bank said Wednesday.

First Tranche Of EU Loan To Romania Has 3.125% Annual Interest, Matures In 2015

13:21, 28 Iul. 2009
The first tranche, worth EUR1.5 billion, from the total EUR5 billion loan taken by Romania from the European Union has an annual interest of 3.125% and matures in 2015.

Romanian Social Democrats Ask Ruling Partners To Explain Use Of IMF Loan

15:32, 26 Iul. 2009
Romania’s Social Democratic Party asked the finance minister and the Democrat Liberal Party to explain how the first EUR5 billion of the IMF loan and the tranches from the EU and the European banks have been used, what their results are and what it plans for the next EUR2 billion tranche.