Romanian President Traian Basescu declared on Wednesday in a government meeting that layoffs in the budgetary sector need to continue until there will be 900,000 budgetary in several years. read more...

President Traian Basescu considers that a new agreement with the IMF, precautionary should be built on several pillars: fiscal consolidation, simplify fiscal policy, health reform, EU fund absorption and a more flexible labor market. read more...

Romania’s Foreign Affairs Minister Teodor Baconschi declared on Wednesday that Romania will support Croatia to join the EU, underlying that recent speculations in the mass media are just temptations for sensational news. read more...