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ING Bank: Romania can’t avoid multilateral agreement with IFIs

The pressure to finance its high budget deficit will push Romania towards a multilateral financing agreement with international financial institutions (IFIs). The agreement will be similar to that signed in 2009 and is likely to happen by early next year, ING Bank Romania says in its latest research report. Romania won't be able to avoid tax hikes next year, with VAT being the main candidate here, ING analysts ...

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