September 30, 2013 15:46
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 »
September 30, 2013 15:39
Italy faces a governmental crisis upon five ministers, all members of PdL (the Liberty Party), resigned last Saturday, the 28th of September....more »
September 23, 2013 21:41
Victor Ponta paid an official visit in Ankara yesterday in order to ensure a sustained high-level bilateral dialogue as per the Strategic Partnership Romania and Turkey signed in December  2011.The Romanian Prime Minister was received by his Turkish Counterpart, Recep Tayyip Erdogan whom he assured of Romania's absolute support in the EU integration process....more »
September 20, 2013 11:08
EU might reintroduce visas for US and Canadian citizens willing to enter EU, in case US and Canada keep the visa-system for citizens of certain Member States, including Romania.EU Parliament has recently voted for changing the EU Regulation regarding visas, setting a reciprocity clause in order to determine US and Canada to waive visas for citizens of Bulgaria, Cyprus, Poland, Czech Republic and Romania....more »
September 20, 2013 09:58
Romania maintains its position towards the issue, considering prudence to be the best approach since there are many Romanian citizens living in Syria. Although there have been registered several consular requests for repatriation, most of Romanians in Syria refuse to leave the country despite the warnings the Ministry of Foreign Affairs has sent. 'Why prudence? Because there have been about 20 consular operations requests today (September 2nd) at our Embassy in Damascus. There were 18 consular assistance requests on Sunday. Right now a repatriation for 19 Romanian citizens is being prepared. We have a problem related to the Romanian citizens' presence there in Syria.' explains President Traian Basescu....more »
September 19, 2013 10:58
European Parliament adopted a resolution on September 12 asking Russia to respect the policy options of former USSR countries, including Republic of Moldova and Ukraine. The pressure Russia has put against these countries by recently threatening them with coercive measures results from the efforts the former Soviet states made to get closer to EU by joining the ‘Eastern Partnership’....more »
September 18, 2013 17:14
Romanian Prime Minister, Victor Ponta asked for the Parliament's agreement in order for the Government to conclude another arrangement with IMF (International Monetary Fund) and European Commission for EUR4 billion. Ponta expects this arrangement to be the last one: 'I wish that this arrangement would be the last one to be concluded by Romania. I believe that after the 2009 crisis, Romania is in a fiscal recovery period and I wish that in about 2 years we can really say that Romania has no need of any arrangement with international financial institutions.'...more »
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