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 »

PSD Deputy Gabriel Vlase, chief of the Romania’s Delegation at the NATO Parliamentary Assembly (PA) has been elected Vice-President of the assembly during its last annual session, the 59th, held in Dubrovnik, Croatia. Vlase’s appointment is a success of Romania’s parliamentary diplomacy, considering the central role the national legislatures have within NATO, reads a release of the Romanian Ministry of Foreign Affairs....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 »

Barack Obama officially nominated Janet Yellen to succeed Ben Bernanke as Chair of the Board of Governors of the Federal Reserve, the United States central bank. Yellen, who has served as Vice Chair at the Fed for the last three years, is considered to be 'exceptionally well-qualified' for that position according to Obama....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 »

USL is at the moment on the edge of its dissolving after a quite long series of conflicts among PNL and PSD members. There is an obvious lack of communication within the Alliance and since each party supports its own ideas and vision, the disputes that seems to be on a daily basis lately became natural....more »

The Executive Board of the International Monetary Fund (IMF) approved a new 2-year Stand-By Arrangement (SBA) with Romania based on the cover letter sent by the Romanian authorities. According to them, the arrangement of approximately EUR2 billion will be treated as precautionary, therefore there's no plan to draw under it, unless there is an extraordinary situation. Romania has also requested a precautionary support from the European Union of EUR2 billion as per an IFM press release....more »

Italy faces a governmental crisis upon five ministers, all members of PdL (the Liberty Party), resigned last Saturday, the 28th of September....more »