Romania To Pay RON737M Of Arrears Amassed By Roads Authority CNADNR By End-June

The Romanian Transport Ministry will pay by the end of June 737 million lei (about EUR181 million) of arrears amassed by national roads authority CNADNR due to investment projects, according to Romania’s draft letter of intent to the International Monetary Fund (IMF). According to the document, the roads authority will sack 622 employees by end-June.Jeffrey Franks, head of the IMF mission to Bucharest, said Monday the Government must continue structural reforms, particularly in the arrears ...

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