Romania

Prime Minister Victor Ponta on Friday said that negotiations with the International Monetary Fund (IMF) are under way and that he does not believe the ongoing agreement will be ended, although he finds unacceptable a deficit that is 0.9-percent of the Gross Domestic Product that the IMF demands.

Regardless of how many companies in Romania are insolvent, it is currently important to have a fresh law, but in my opinion, restructuring is needed by all the 700,000 companies in our country, Adrian Vasilescu, advisor to the Governor of Romania's National Bank /BNR/, told a Thursday's specialist conference.

Romanian President Traian Basescu said on Thursday three budget revisions made by the Government in only five months is a thumbs down for Victor Ponta's executive and stressed those who call for fiscal stability and predictability under such circumstances 'must be ridiculous'.

President Traian Basescu said Thursday evening that the Romanian state has not received 200 million dollars from Oil Company Rompetrol debt up until now and stressed Prime Minister Victor Ponta must take responsibility for this case.

Prime Minister Victor Ponta on Thursday said that Romania's royalty system is a governmental priority, but its modification should be the outcome of a political consensus that would secure long-term predictability for big energy investors.

Chamber of Deputies Speaker Valeriu Zgonea and five MPs of the most important parliamentary groups will pay a six-day official visit to India.

First Deputy Chairman of the National Liberal Party Catalin Predoiu has stated on Wednesday that the party he is leading will reject the state budget on 2015, yet he mentioned that the Liberals will submit amendments to this document.

President Traian Basescu on Wednesday signed a decree promulgating the Law having to do with the repealing of art. 276 of the Law no. 286/2009 regarding the Penal Code, the Public Communication Department of the Presidential Administration informs.

A joint IMF and European Commission delegation had its first discussions with Romanian officials on Tuesday over the Balkan country's draft budget for next year.

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Prime Minister Victor Ponta said, on Tuesday, that he has discussed with the parliamentary group of the national minorities about the budget and the restructuring of Government.