Romania

IMF to send mission to Romania on Jan. 21

A mission from the International Monetary Fund will return to Romania on Jan. 21 to resume aid talks, senate speaker and opposition leftist leader Mircea Geoana said on Monday. Last week Romania’s new centrist coalition government approved an austerity budget for 2010, key to unlocking loan tranches from a 20 …

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Romanian Parliament Approves Government

Romanian Parliament on Wednesday approved Emil Boc’s centrist coalition government, with 276 votes in favour and 135 against. “We have started reforms other politicians didn’t dare to start. And we will continue this necessary process”, Emil Boc said in a speech in front of the Parliament. In October, Boc lost …

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Romania to cut up to 100,000 state jobs in 2010

Romania will cut around 100,000 public sector jobs next year to meet requirements attached to an IMF-led rescue deal, designated Finance. Minister Sebastian Vladescu said on Tuesday. “The budget draft (for 2010) envisages a reduction of a little under 100,000 employees. A large part of it will be done naturally …

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Traian Băsescu officially took office on Monday

Traian Băsescu has officially taken office as President of Romania at the official ceremony on Monday and was sworn in. The ceremony was attended by the Romanian patriarch Daniel, judges from the Constitutional Court, Prime Minister Emil Boc, other members of the government, chairperson of the Supreme Court of Cassation, …

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