Romania

Around 1,000 employees of Romania’s state-run railway company, CFR, have started a protest in Bucharest’s main railway station following government plans to scrap around 12,000 jobs this year. “Until now, our negotiations with the government have failed, but we still hope a solution will be found in order to save …

Romania has reached an agreement with major international lenders for a €20 billion loan designed to finance the country’ sbudget and current- account deficits. According to the agreement, the International Monetary Fund is to lend €12.95 billion, the European Union – €5 billion while the rest will come from the …

BUCHAREST – Romanian President Traian Basescu on Tuesday urged that international legislation be passed to curb criminality worldwide as criminals become more clever in breaking the law at home and abroad. The adoption of a policy of fighting criminality at the international level is necessary, considering that criminal organizations have …

BUCHAREST – Romania’s center-left government will likely approve on Wednesday an official letter requesting a loan package led by the International Monetary Fund, Prime Minister Emil Boc said on Monday. Romania approached Brussels and the IMF for support earlier this month, becoming the third European Union member after Hungary and …

A proposal not to prosecute consenting adults for incest has sparked controversy in Romania, with the Orthodox Church leading public opposition to the move. The Romanian Justice Ministry is considering a change in the law, so that parents, grandparents, brothers and sisters can be exempt from prosecution for incest as …

BUCHAREST, Romania — Former Prime Minister Calin Popescu Tariceanu lost the leadership of the National Liberal Party (PNL) at an extraordinary party congress held on Friday (March 20th). PNL deputy leader Crin Antonescu was elected as new leader and will be designated PNL’s candidate in the presidential elections later this …

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 …

Bucharest. Romania does not face economic difficulties at the moment. The country had reached all the aims proposed by Brussels. This is what Romanian President Traian Băsescu said.

BUCHAREST, Romania — The Romanian Transportation Ministry said Friday that it plans to cut the number of railway employees by 12,000. The plan was sent to the unions who rejected it and threatened protests. Union leader Gheorghe Popa said the ministry did not include social protection measures for those who …