Mykola Azarov, Ukraine’s Prime Minister announced his resignation earlier today through a media release, Ria Novosti informs. His announcement has been made within a special session of the Parliament where MPs gathered so as to reach a resolution in order to possibly overcome the inner turmoil. He explained his action as being a compromise meant to ensure the conditions needed to eventually avoid an even deeper political crisis and further violences....more »

Basescu reconfirmed his position against the introduction of the excise duty on fuel during this morning meeting with the IMF delegation, as previously announced. However, the Romanian President said that despite not supporting the Government’s decision on introducing a new 7 eurocents tax, he will not obstruct the arrangement between the Executive and the International Monetary Fund, yet he should not be expected to sign the agreement....more »

As Romanian Prime Minister, Victor Ponta, announced, the Government eventually approved the Decision supporting the memorandum with Rompetrol signed last February 15 at Bucharest. Through this resolution, the litigations between the Ministry of Finance and The Rompetrol Group N.V. end in an amicable and mutually advantageous way, according to a Government informing....more »

Romanian Prime Minister, Victor Ponta, says that the Government Decision supporting the Rompetrol Memorandum has been completed in accordance with the comments made by the Ministry of Finance and the Ministry of Justice and is going to be approved today, Mediafax informs. This decision was expected last week, yet the Government delayed its ratification....more »

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 »

Demonstrations continue in Ukraine, after the past Sunday’s riots in Kiev. Then, some hundreds of thousands of Ukrainians protested against the President, Viktor Ianukovych, and the Ukraine’s Government following the refusal to sign an economi...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 Prime Minister Victor Ponta saluted the great cooperation between Romania and China and reaffirmed the support for China to build stronger cooperation relations within the EU, during the press conference held yesterday at Victory Palace on the occasion of the Chinese delegation’s arrival in Romania. Gathering some 300 representatives, the delegation lead by Chinese Prime Minister Li Keqiang, visits Bucharest for the second edition of the China and Central-East Europe Economic Forum....more »