Arab Today, arab today international lenders see romanian reforms \on track\
Last Updated : GMT 16:52:59
Arab Today, arab today
Arab Today, arab today

International lenders see Romanian reforms \'on track\'

Arab Today, arab today

Arab Today, arab today International lenders see Romanian reforms \'on track\'

Budapest - DW

Romania\'s economic reforms have made reasonable progress according to the EU, the IMF and the World Bank. Despite the good news, the trio is worried about Romania\'s political climate. The European Union, the International Monetary Fund and the World Bank said on Tuesday that economic reforms in Romania were advancing and remained \"broadly on track.\" Romania made the reforms as part of an agreement with its international lenders in return for bailouts. In a statement marking the end of yet another progress review under a three-year-old bailout scheme, they said Bucharest was going in the right direction despite \"challenging conditions.\" The lenders indicated that the progress toward recovery appeared jeopardized by an ongoing political war between the ruling Social-Liberal union coalition and center-right President Traian Basescu, who was targeted by an impeachment bid six weeks ago. Political turmoil has affected market confidence, it said, and must be settled to continue moving forward. \"Political determination is needed to ensure that overdue structural reforms -necessary to achieve higher and inclusive growth - will be put in place,\" Tuesday\'s statement said. Moderate GDP increase Romania joined the EU in 2007, but has not yet adopted the euro. The country suffered two years of recession in 2009 and 2010 before booking moderate growth in early 2011. Official data released on Tuesday showed Romania\'s economy logged 0.5 percent growth in the second quarter of this year. Lenders said they expected real growth to reach just under 1.0 percent throughout 2012 and 2.5 percent next year. In May 2009, Romania secured a 20-billion-euro ($24.74 billion) rescue package in exchange for drastic spending cuts. Some two year later, the IMF and the European Union gave the green light for a fresh credit line of five billion euros for emergency situations in the struggling southern European nation.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today international lenders see romanian reforms \on track\ Arab Today, arab today international lenders see romanian reforms \on track\

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday