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Kiev asks Moscow for $5 bln loan to pay for gas

KIEV, March 11  – Ukraine has asked Russia for a $5 billion loan to pay for natural gas deliveries, Ukraine’s acting finance minister said on Wednesday. “This loan will be used to buy gas,” Ihor Umanskiy said. He added that Ukraine was looking at options to borrow from other sources, …

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IMF delegation arrives in Bucharest on Wednesday

Bucharest. A delegation of the International Monetary Fund (IMF) will arrive Wednesday in Bucharest. The delegation will stay in the country till March 25, Romanian media report. The major issue to be tabled for discussion is an IMF program for Romania, part of a financing package, with the participation of …

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Seeking an IMF rescue, Romania will aid Ford

Ailing U.S. car maker Ford Motor Co. will receive 143 million euros ($232 million Canadian) in aid from the government of Romania, where the company owns an assembly plant, lawmakers said The state aid, spanning until 2012, will support production of cars and engines at the factory in Craiova, in …

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