BUCHAREST, June 27 (Reuters) – Romania will receive its next aid tranche from the International Monetary Fund by July 2, Finance Minister Sebastian Vladescu said on Saturday.

His comments come after Prime Minister Emil Boc said the government said it will raise the value added tax by 5 percentage points to 24 percent as of July 1, a move meant to unlock a 20 billion euro IMF-led aid package.

Boc said the IMF’s Board will meet on June 30 to approve the release of up to 900 million euros to Romania.

„We will get the tranche on July 1, 2 at the latest,” Vladescu told local television station Realitatea.

An additional 1.15 billion euros are expected from the European Commission as part of the package.

Vladescu also said that following the VAT hike, Romania would have to set new targets for inflation and GDP.

Read the article on Interactive Investor

Romania to get IMF tranche by July 2 – FinMin

BUCHAREST, June 27 (Reuters) – Romania will receive its next aid tranche from the International Monetary Fund by July 2, Finance Minister Sebastian Vladescu said on Saturday.

His comments come after Prime Minister Emil Boc said the government said it will raise the value added tax by 5 percentage points to 24 percent as of July 1, a move meant to unlock a 20 billion euro IMF-led aid package.

Boc said the IMF’s Board will meet on June 30 to approve the release of up to 900 million euros to Romania.

„We will get the tranche on July 1, 2 at the latest,” Vladescu told local television station Realitatea.

An additional 1.15 billion euros are expected from the European Commission as part of the package.

Vladescu also said that following the VAT hike, Romania would have to set new targets for inflation and GDP.

Read the article on Interactive Investor

Postat de pe data de 28 iun., 2010 in categoria România în lume. Poti urmari comentariile acestui articol prin RSS 2.0. Acest articol a fost vizualizat de 313 ori.

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