A new Mission of the International Monetary Fund pays a visit to Bucharest as from today until February 5 in respect to the 2 million worth precautionary arrangement approved last year in late September. The IMF delegates will discuss on the first and second assessment of the agreement with Romania, Guillermo Tolosa, the IMF representative in Romania and Bulgaria, said, according to Agerpres....more »

In spite of the turmoil within the USL (the Social-Liberal Union), the two parties continue to remain on the same boat after its leaders reinforced today the initial position in relation with this year’s presidential elections and re-confirmed Crin Antonescu as their presidential candidate....more »

Romania’s President, Traian Basescu, announced he has promulgated the 2014 national budget upon having the Prime Minister’s, Victor Ponta, confirmation that the excise on fuel will not be introduced starting January 1, 2014....more »

Romania’s President, Traian Basescu, announced yesterday that he will not approve the International Monetary Fund (IMF) memorandum, as he is against the 7 eurocents increase of the excise duty on fuel the Government undertook to introduce....more »

Romania’s Minister of Foreign Affairs, Titus Corlatean, attends the 11th edition of Asia-Europe Meeting (ASEM), a ministerial reunion that takes place in New Delhi, India, between November 11 – 12, a press release from the ministry informs....more »

The state visit Romania’s Prime Minister Victor Ponta announced he will pay in the United States of America starts today. His visit was initially scheduled for an earlier date, but it was delayed due to the recently-ended budget crisis the U.S. passed through....more »

The same day Romania’s President Traian Basescu signed the decree for the appointment of Andrei Gerea as Minister of Economy, the Liberal took the oath during the investiture ceremony held at Cotroceni Palace....more »

PNL appoints Andrei Gerea to replace Varujan Vosganian as Minister of Economy. Gerea, who is the former leader of Liberal MPs group in the Chamber of Deputies was unanimously voted by the party’s BPN (National Political Bureau) members, according to Crin Antonescu....more »

Romania's Ministry of Economy Varujan Vosganian resigned upon a meeting with Victor Ponta (Romanian Prime Minister), Crin Antonescu (President of Senate), Ilie Sarbu (leader of PSD parliamentary group in Senate) and ministers Ramona Manescu and Daniel Chitoiu....more »

In order to eventually overcome the economic crisis, Romania should work on eliminating part of its vulnerabilities, and reduce the strong relations established with the European market. Because almost 80 per cent of the Romania's economic flows are linked to Europe and unless EU economy follows a growth path, Romania will be affected....more »