April Data, A First Sign On Economy Relaunch - Romanian Min

Romanian deputy prime minister Dan Nica stated Monday, after the ruling coalition’s meeting, that April’s economic data presented by the Finance Minister Gheorghe Pogea show a first sign of economic relaunch.

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"We hope this trend will maintain in May as well. A sign of confidence in the economy occurred, a timid and fragile one indeed, but these first signs are positive," Nica said.

Nica added that if the economic data will further stay positive, some of the measures taken under the agreement with the International Monetary Fund, or IMF, might be revised.

"There are the premises of an economic relaunch. If these signs remain positive, the forced measures taken under the IMF agreement, determined by the government’s intention to keep jobs, and to pay salaries in due time, will be revised at a certain moment," he said.

Romania agreed end-March with the International Monetary Fund, the European Union and other international institutions a EUR19.95 billion financial package, supported by a EUR12.95 billion IMF loan under a two-year standby arrangement.

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