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Russian Appointed Prime Minister for S. Ossetia

Russian businessman Vadim Brovtsev has been appointed as the new prime minister for South Ossetia, caught in the middle of a war between Russia and Georgia a year ago.South Ossetia is one of two regions that broke away from Georgia. Brovtsev heads a construction materials firm in Chelyabinsk, located in …

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Romania FinMin ‘convinced’ IMF will OK deficit hike

Romania’s Finance Minister Gheorghe Pogea said on Wednesday he was “convinced” that the International Monetary Fund will allow the country to run a bigger budget deficit this year under the terms of an aid deal, as the economy could contract by up to 8.5 percent. Representatives of the IMF are …

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