Optimistic forecasts of economic growth in 2014

The programme with Romania is within parameters and all criteria having end-of-September as deadline have been met, chief of the IMF delegation in Bucharest, Andrea Schaechter, has said at the end of the first assessment mission of the new precautionary agreement with Romania.

Andrea Schaechter has pointed pout that the economic forecast for 2013 has been revised upwards by 0.2 percent, to 2.2%. The domestic demand, however, keeps being low.

The IMF forecast for 2014 indicates a current account deficit of 1.8%.

Key measures announced by the government to reach the target deficit include an increase in fuel excise duties and taxes on special constructions, says Andrea Schaechter.

The agreement signed with Romania for a 2-year period is worth about 2 billion euros, while another 2 billions come from the European Commission.