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Romania discussions with IMF stumble over gas and coal policy - PM
February 9, 2015 / 11:51 AM / 3 years ago

Romania discussions with IMF stumble over gas and coal policy - PM

BUCHAREST, Feb 9 (Reuters) - Romania’s aid deal discussions with the International Monetary Fund hit a road block over gas deregulation and restructuring the state-owned coal industry, Prime Minister Victor Ponta told reporters on Monday.

The two sides have not signed a letter of agreement after the latest round of talks on Romania’s standby aid deal, but a new IMF mission will come to Bucharest in April, Ponta added.

A series of aid agreements has supported Romania’s economy since 2009 and the latest is due to expire in September.

“The first item is gas deregulation. Their request aimed at a pretty abrupt rise of gas prices from April, from ... 53.3 lei ($14) per megawatt to 62 lei,” Ponta said. “The other item aimed at ... a massive restructuring of the hard coal industry.” ($1 = 3.9165 lei) (Reporting by Luiza Ilie; writing by Radu Marinas; editing by Matthias Williams)

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