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Romania, IMF Agree on 2010 Draft Budget

Romania and the International Monetary Fund, IMF, on Tuesday reached an agreement on a draft budget for 2010, one of the main sticking points for the further disbursement of IMF-led funds. Speaking after meeting Romanian interim Finance Minister Gheorghe Pogea, IMF representative Jeffrey Franks said the next challenge is to …

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Bucharest: Romania shows interest in South Stream

Romania is ready to replace Bulgaria in the Russian-Italian gas pipeline project South Stream, a formal statement of Bucharest’s economy ministry reads. Romania’s only condition is that Gazprom sticks to the local regulations while constructing the facility. At the same time, Romania confirmed its participation in the Nabucco pipeline project, …

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