The government agreed with the IMF to cut heat subsidies bills can rise by 60%

The government committed to the IMF to cut heat subsidies in the upcoming period which will increase the costs incurred by the population for heat and hot water by up to 60% by the end of the year depending on the capacity of mayors to cover the difference from their own sources, Romanian news agency Mediafax reports. The subisdies for themal energy is offered from the state’s budget and from local budgets. IMF chief of mission in Romania, Jeffrey Franks declared for Mediafax ...

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