Romania has reached an agreement with major international lenders for a €20 billion loan designed to finance the country’ sbudget and current- account deficits. According to the agreement, the International Monetary Fund is to lend €12.95 billion, the European Union – €5 billion while the rest will come from the …

The European Commission is seeking an explanation from Paris over French car-making giant Renault’s decision to recall some of its production from Slovenia to France. “The commission will ask the French authorities for explanations,” said the Commission spokesman on competition issues Jonathan Todd. French Secretary of State for Industry Luc …

The German Bank for Development is to provide the Procredit Bank in Kosovo with a loan to finance new energy efficiency schemes for the wider population in Kosovo. ″We are sure that this support will contribute to a sustainable utilisation of energy in Kosovo,″ said the vice head of Entwicklungsbank …