Recent Posts

IMF Delays Romania Funds Due to Political Instability

The International Monetary Fund, IMF, has delayed disbursing an aid tranche to Romania originally scheduled for next month and will resume talks on a standby loan agreement only when the country has a government. “The IMF will come to Bucharest again as soon as there will be a legitimate government …

Read More »

Romania’s Basescu Nominates New PM

In a surprise move, Romanian President Traian Basescu on Friday nominated the mayor of a Bucharest district, Liviu Negoita, for the office of prime minister, once again rejecting the candidate proposed by the opposition parties. Negoita, 47, is a politician and lawyer, member of center-right Democratic Liberal Party, PLD, and …

Read More »