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Romania President: IMF Finishes Report On Possible Loan

BUCHAREST -The International Monetary Fund finalized a report on a possible loan to help Romania weather the economic crisis and talks are planned to seek a deal, the country’s president said Friday. “The IMF report was finalized yesterday,” President Traian Basescu said after a European Union summit in Brussels, according …

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Romanian Railways To Cut Jobs

BUCHAREST, Romania — The Romanian Transportation Ministry said Friday that it plans to cut the number of railway employees by 12,000. The plan was sent to the unions who rejected it and threatened protests. Union leader Gheorghe Popa said the ministry did not include social protection measures for those who …

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