BUCHAREST,  – Romania may need external funding in the second half of this year, when a large part of short-term foreign debt falls due, central bank chief economist Valentin Lazea said on Thursday. Many economists have said the European Union state may be next in line to seek financial aid …

BUCHAREST -Romania’s Justice Minister Catalin Predoiu vowed Thursday to continue judicial reforms after the European Union warned Romania to step up the fight against corruption following a recent drop-off in efforts. “Our priority is still to promote and back the adoption by parliament of the ( civil and penal) codes,” …

BRUSSELS -The European Commission warned Romania Thursday to step up the fight against corruption and boost justice reforms after the government’s efforts to meet European Union standards tapered off recently. “It is important that the Romanian authorities regain momentum on judicial reform and the fight against corruption so as to …