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FinMin Daniel Chitoiu: We have no problem concerning targets established with IMF


Romania has no problem concerning the targets established with the International Monetary Fund (IMF), Vice Prime Minister and Finance Minister Daniel Chitoiu said on Monday, after a meeting with the senators of the Social Democratic Party (PSD, at rule).

'A new agreement with the IMF will be discussed. The discussions will starts as soon as the letter enters the IMF Board, after June 20-25. Until present, we have no problem concerning the targets established with the IMF. We hope that until June 20 we achieve all the assumed targets. I say June 20, because that is the final date for the privatisation of CFR Marfa and we must have a result,' Minister Chitoiu said.

An IMF mission will come to Romania after mid-July.

'After the letter is approved by the Board in June, the IMF mission will come to Romania after mid-July. We have fulfilled all the priority actions pledged to the IMF, except for CFR Marfa, the deadline of which is June 21. We must have a winner for the privatisation of CFR Marfa by around June 20, all the other actions have been fulfilled- Transgaz listing (on the Stock Exchange), (curbing) the arrears, the procedures for listing Romgaz, Nuclearelectrica, for selling a 51 percent majority stake in Electrica, for listing a 15 percent stake in (power company) Oltenia by a capital increase. We are within the calendar pledged to the international financial bodies - the privatisation consultants and the legal consultants have been selected and the processes are currently under way, so as to achieve them in the second half of the year. I also mention the introduction of professional management at the companies, the recruitment teams for selecting the administration board of the majority state-owned companies have been selected, (we plan) to cut the state companies' arrears, cut the unfair contracts with the political clientele, assign the amounts for giving the vulnerable consumers subsidies, for raising the natural gas tariffs', the Public Finance Minister said in an interview to Agerpres.