Georgia’s President Mikheil Saakashvili said the Turkish-proposed Caucasus Stability and Cooperation Platform has acquired no “clear shape” yet and consultations were on their “very early stage.” “We always welcome multilateral mechanisms,” Saakashvili said while speaking at a news conference on a sideline of a high-profile Brussels Forum late on March …

Vienna. Austrian banks with branches in Romania are stable, said Romanian President Traian Basescu during his visit to Austria. He added that Austria had invested more than EUR 12 billion in Romania. Austrian President Heinz Fischer said the bilateral relations were excellent and his country was well presented in Romania …

BUCHAREST -The International Monetary Fund finalized a report on a possible loan to help Romania weather the economic crisis and talks are planned to seek a deal, the country’s president said Friday. “The IMF report was finalized yesterday,” President Traian Basescu said after a European Union summit in Brussels, according …