Over President Traian Basescu’s strong objections, the Liberal Prime Minister Calin Popescu Tariceanu has postponed European Parliament elections until the second half of this year. An “inappropriate domestic political climate” would hamper serious debate on European issues in the campaign to elect 35 Romanian MEPs, Tariceanu said, citing opposition attempts …

After years of reforms, the public is regaining their trust in banks and are no longer stuffing mattresses with their hard-earned money. The country’s banks currently hold about 3.2 billion euros in savings accounts. This is a 44.6 % increase in just one year, amounting to as much as 2.9 …

Citing the level of co-operation with Russia in the process of determining Kosovo’s final status so far, a senior US diplomat said on Monday (March 12th) that he does not expect Moscow to veto a Security Council resolution that would likely put the province on the path to independence. Russia …