Recent Posts

Romania to endorse IMF-led loan conditions on Sat-PM

BUCHAREST – Romania is expected to approve conditionalities of a 20-billion euros IMF-led financial package for the new European Union member on Saturday, Prime Minister Emil Boc said on Thursday. On Thursday, Boc met leaders of the centre-left ruling coalition to discuss the loan and an upcoming budget revision that …

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EU presses Moldova over Romania

The European Union has urged Moldova to resume normal relations with Romania, which the former Soviet republic has accused of stoking post-election violence. Moldova expelled Romania’s ambassador on Wednesday and blamed its neighbour for violent street protests that Vladimir Voronin, its president, described as an attempted coup.

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Moscow warns EU over Moldova

Russia asked the European Union and Romania yesterday to guarantee the sovereignty of its ally Moldova, where riots have swept the capital and prompted a crackdown on the pro-Western opposition. Moldova’s veteran Communist President, Vladimir Voronin, accused neighbouring Romania of stoking a coup attempt after demonstrators ransacked parliament during post-election …

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Maldives Recognition Probe Ends

The Parliament of the Maldives has suspended an investigation into allegations of a $2 million bribe, allegedly accepted by the government of this small chain of Indian Ocean islands to recognise Kosovo’s independence. A parliamentary committee that was investigating the allegation, after concerns raised by Maldives president Mohamed Nasheed, said …

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Greece Expects Cooperation From Macedonia

Greece hopes the new Macedonian President will cooperate in finding a compromise to the long-standing name row between the two countries, the Greek Foreign Ministry said on Thursday. Athens hopes that Georgi Ivanov, the President elect from Sunday’s poll, “will work on settling the name row in line with NATO …

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IMF: ‘Macedonia’s Budget Needs Revising’

Macedonia’s budget needs to be urgently revised as the country spends more than it receives, the International Monetary Fund’s representative to the country, Bert Van Selm, said in the local media. He said this year’s first trimester shows a forecasted 13 per cent growth in revenue, on which the budget …

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