Eurasia Press & News
The International Monetary Fund and the European Union embarked on a new review of Romania’s economic reforms Tuesday, under a stand-by agreement concluded in March 2011.
The Romanian government hopes the two international creditors will approve a rise in public-sector wages ahead of general elections due in November.
Wages were slashed by 25 percent in July 2010, when Romania was reeling from the effects of a severe recession.
