News Column

Ponta: I believe Traian Basescu will sign the memorandum with the IMF

February 4, 2014

Agerpres, Bucharest, Romania

Feb. 04 -- BUCHAREST -- Prime Minister Victor Ponta on Monday, after the meeting with the representatives of the International Monetary Fund (IMF), said that, in his opinion, President Basescu will sign in the end the memorandum with the IMF, as long as the letter of intent leaves aside the 7 Eurocents worth excise for fuels. 'I believe that, beyond any political or electoral games, the President will understand that it is in Romania's interest to have a functional agreement, both with the European Commission and with the International Monetary Fund (IMF),' said the Prime Minister, while specifying that the President offered some guarantees to the representatives of the IMF, with whom he had a meeting on Sunday evening, with respect to the signing of the memorandum. Victor Ponta added that the excise for fuels -- petrol and Diesel -- will be applied as of April 1 . 'Moreover, the letter of intent and the memorandum stipulate very clearly the fact that at the next mission of the Fund in Romania , scheduled to take place in April, the government should already have prepared the measures and methodology to implement the tax exemption in the case of the reinvested profit and we hope that, this way, the messages that will be sent to the population and the private economic operators will maintain Romania on an upward trend and will contribute to reducing the social gaps,' said Ponta. The head of the Executive added that most probably next week the final versions will be sent to the President for ratification and also that 'the letter will be submitted to the next Board of the IMF, the same as the memorandum will be presented to the European Commission very soon, so that Romania to further benefit including of the up to 10 percent worth co-financing from European funds.' ___ (c)2014 Agerpres, Bucharest, Romania Visit Agerpres, Bucharest, Romania at www1.agerpres.ro/english Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Agerpres (Romania)


Story Tools