Recent Posts

Romania confirms invitation to join South Stream

Romanian Economy Minister Adrian Videanu announced on Friday (February 19th) that Russian gas giant Gazprom has officially invited Romania to join the South Stream gas pipeline project. “We will analyse this initiative with interest,” Videanu said, adding that Romania is open to any initiative that would contribute to the energy …

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Hague rejects Seselj’s demand to drop charges

The UN war crimes tribunal on Friday (February 19th) rejected a request by Serb Radical Party (SRS) leader Vojislav Seselj to drop all charges against him and terminate war crimes proceedings, due to the alleged violation of his rights as a defendant. Seselj based his request on the “doctrine of …

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IMF disburses $3.3 billion to Romania

The IMF announced it would give Romania $3.32 billion as part of a big loan to help the country recover from its deep recession. The IMF, the World Bank and the EU drafted a $27.2 billion aid package last May. The latest tranche, which will be disbursed “immediately”, will bring …

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