Leaders of the opposition, Victor Ponta and Crin Antonescu declared on Tuesday that they will not make any compromise with President Traian Basescu and proposed during talks at Cotroceni support for an independent government and early elections this fall. read more...

The Budapest government is very spontaneous in the sense that it offers statements wherever it comes to it because they want to be perceived as reactive, Romanian Embassy deputy chief of mission Mihaela Pop said. read more...

Finance minister Gheorghe Ialomitianu declared on Friday that Romania has no problems to finance the budgetary deficit. National Fiscal Administration chief Sorin Blejnar said that about 2,000 people will be laid off in the system. The personnel that will be laid off can be transferred to another institution, the Finance minister said. read more...

Budapest will change its flag because the current one resembles too much Romania’s flag, Budapest mayor Istvan Tarlos said quoted by politics.hu. The decree regarding a new flag was finished and will be submitted to a vote next Tuesday, he said. read more...

A Romanian military was wounded in Afghanistan while in a mission of terrestrial research, the Romanian Defense ministry informs. Nicusor Bica, part of Battalion 26 Infantry was in a mission when he was injured at his eyes on Thursday. Bica was securing a road when an improvised explosive went off and his eyes were affected. read more...

Romania’s Prime Minister, Emil Boc declared for a talk show for a news television B1TV that they are continuing talks with their governing partners, the Hungarian Democrats on the territorial reorganization issue. Boc said that he is not worried about the complains of the Hungarian minority at Brussels because in Europe general rights are encourage not minority rights and Romania has one of the most advanced law of minorities. read more...

The Romanian central bank is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential fiscal slippages, first deputy governor Florin Georgescu said Thursday. read more...

City of London Investment Management owns 5.85% of the Proprietatea Fund shares a press release of the Bucharest Exchange reads. The company owns 134.08 million shares of the Fund and 668.200 of the warrants of UniCredit Bank. Each such warrant is convertible in 1,000 shares at Proprietatea Fund. read more...

The crisis in Greece wil most surely affect Romania and Bulgaria and the consequences started to make themselves felt: the first effect was a decrease of credits offered by Greek banks, a report of the Nomura bank, a Japanese bank reads quoted by a Financial Times blog. read more...

Court decisions allowing professors a salary increase, despite the government’s decision to cut salaries are increasing more and more. About 2,000 professors in 50 schools in Iasi, North Romania won a 34% increase in salaries. The decision was given on Friday, June 10 at Iasi and it is definitive and aplicable for 2010 as well. read more...

The local council of the region dominated by the Hungarian minority in Romania threatened on Wednesday with protests, civic unrest and rallies if the governing party, the Democratic Liberals manages to pass the draft law reorganizing Romania’s territory, news agency Agerpres reads. read more...

PM Boc declared on Tuesday night for TVR 1, the public television that it was not the EU that requested the territorial reorganization of Romania but it was us who asked for the reform, to facilitate the absorption of EU funds. read more...

The expansion of Schengen with Romania and Bulgaria risks encouraging illegal immigration through the Greek – Turkish border, an official of Europol, the EU’s police office said at Sofia. He said that the Bulgarian coast at the Black Sea risks of becoming a new target of illegal immigration. read more...

Leaders of the Democratic Party and the Hungarian Democrats did not manage on Tuesday to reach an agreement on the territorial reorganization of the country. The representatives of the Hungarian minority said that they do not have the support from their representatives to accept the project according to some sources. read more...

Ford reorganizes its factories in Europe and the production of Ford Transit Connect will relocate from Romania to Spain, Ford Romania chief Henrik Nenzen said in a talk with the central press. Plans for Craiova changed a little, Nenzen said confirming for the first time that in Romania B Max model will be produced. Another small class model will also be produced in Craiova. read more...

Unemployment rate, calculated by the International Labour Office was of 7.3% at the end of 2010, an increase to the previous quarter and to the previous in 2009 according to the National Statistics Institute. The highest unemployment rate, of 22.1% was registered among youngsters between 15 to 24 years old. read more...

Eastern European states postpone a decision to join euro and Romania’s target to join euro zone in 2015 is beyond surface, a useful mechanism to control the governing coalition to keep the state’s pockets in check before elections, Financial Times reads, quoted by Romanian news agency Mediafax. read more...

French Interior minister Claude Gueant plans to increase the number of repatriations of illegal immigrants, cut illegal immigration and makes new tough statements related to Romania felons. He announces in an interview for Journal du Dimanche 28,000 new repatriations of illegal immigrants in 2011. read more...

The plan for Bucharest's administrative reorganization has been cancelled, after city councilors voted 34 to 1 to repeal the decision to hold a referendum on June 26. read more...

Sales of beer in Romania dropped by 2% in the first quarter, compared to the same period of last year, and by 25% compared to the first three months of 2008, which was the best year for the industry, said Constantin Bratu, executive manager of the Berarii Romaniei association. read more...