Traian Basescu has been officially declared the winner in Romania’s presidential election. Earlier exit polls had put his social democrat rival in the lead. But the final results show the centre-right leader has been re-elected to power with 50.37% of the vote in Sunday’s run-off.

Moldova Parliament has failed for the third time to elect president again: the only candidate for the post-Marian Lupu, won 53 from 61 necessary votes.

The European Commission authorised on Friday an aid program proposed by Romania to support with up to 500,000 euro for companies hit by the economic crisis. The main aim of this temporary scheme is to offer support to companies facing financial difficulties due to harsher lending conditions triggered by the …