Romania

The International Monetary Fund, IMF, on Thursday upped its economic growth forecast for the country for this year and next, and said Bucharest could receive its next loan tranche in February. At the same time, following its joint mission to the country earlier this week with the IMF, the European …

Romania’s newly reelected President Traian Basescu Thursday designated democrat liberal leader and acting Prime Minister Emil Boc to head the country’s new government. “Considering the current political situation, I have to adopt the only solution I see right now for Romania to meet its top priority, which is to have …

Romania’s newly re-elected president Traian Basescu on Wednesday expressed his hope to form anew government before Christmas. “The goal for us is to have a government if possible before Christmas or between Christmas and the New Year at the latest,” said Basescu. Romania has been in the hands of a …

Moldovan Prime Minister Vlad Filat on Wednesday ordered barbed wire removed from the former Soviet republic’s border with Romania. ‘It is a shame to maintain barbed wire up against a friendly nation in the 21st century, when borders of all Europe should be transparent and people move freely,’ Filat said.

Incumbent President Traian Basescu was officially certified Wednesday by the Constitutional Court for a new five-year tenure as head of state. “The Constitutional Court in the name of the law ruled: Traian Basescu is validated President of Romania,” said Ioan Vida, the court’s chairman.

Romania and the International Monetary Fund, IMF, on Tuesday reached an agreement on a draft budget for 2010, one of the main sticking points for the further disbursement of IMF-led funds. Speaking after meeting Romanian interim Finance Minister Gheorghe Pogea, IMF representative Jeffrey Franks said the next challenge is to …

Romanian prime minister-designate Liviu Negoita said on Wednesday he had stepped aside to allow parties to discuss forming a majority government following President Traian Basescu’s re-election earlier this month. Basescu, who is due to be confirmed by the Constitutional Court for a new five-year term as president on Wednesday, said …

Romania is ready to replace Bulgaria in the Russian-Italian gas pipeline project South Stream, a formal statement of Bucharest’s economy ministry reads. Romania’s only condition is that Gazprom sticks to the local regulations while constructing the facility. At the same time, Romania confirmed its participation in the Nabucco pipeline project, …

Romanian President Traian Basescu has had his December 6th election victory confirmed. The recount of some 137,000 annulled votes was completed early on Monday, doing nothing to change the result, and his rival Mircea Geoana was quick to accept defeat and wish Basescu well.

Romania’s Constitutional Court called for a recount of votes annulled in Sunday’s presidential runoff vote, it said on Friday, a ruling that could possibly overturn incumbent Traian Basescu’s narrow victory.