A little more than a week ago, Bulgarian PM Boyko Borisov dumbfounded his international partners, his compatriots – and his own cabinet – by abruptly announcing that Bulgaria is pulling out of two major energy projects with Russia, the Belene Nuclear Power Plant and the Burgas-Alexandroupolis oil pipeline. Some days after, Borisov’s center-right GERB cabinet, […]
The EU launched negotiations on visa-free travel for citizens of Moldova in a push for democratic reforms in the former Soviet republic, EU officials said. The European Union launched negotiations on visa-free travel for citizens of Moldova on Tuesday in a push for democratic reforms in the former Soviet republic, EU officials said. Any talks […]
The Romanian government narrowly survived a no-confidence vote today after the opposition failed to muster the votes needed to topple it over unpopular cuts in wages, pensions and benefits. The failure of the motion filed by the opposition Social Democratic Party means the governmentâs austerity measures get the green light, which in turn will unlock […]
Bucharest. Romania’s centrist coalition government looks likely to defeat a no-confidence vote in parliament on Tuesday over planned deep spending cuts, giving it greater scope to carry out reforms, Reuters informs. The EU’s second-poorest member has pledged to reform its mammoth, highly-unionised public sector, but social unrest is casting doubts over its austerity drive and […]
Adrian Mutu has been ordered to pay former club Chelsea over 17million euros after losing his final appeal in a legal battle which has lasted over five years, the Swiss Federal Court announced. The court confirmed on Monday that they have upheld the decision made by FIFA and the Court of Arbitration for Sport. Mutu […]
Transylvanie ! Ce mot sonne a nos oreilles, aussitot Dracula nous apparait. Derriere toute legende une part de verite se cache. Qu’en est il pour la Transylvanie ? Dans ce pays cache au milieu de la Roumanie, encercle par les non moins legendaires Carpates, les legendes semblent toujours vivre. La vallee de la Mures est […]
Bulgaria’s Transport Minister, Aleksander Tsvetkov, alarms Monday about the delay in large-scale projects in Bulgaria that were to be realized through the EU ISPA Program and losses of millions of EUR. The biggest delays involve the renovation of the railroad between the second largest city of Plovdiv and the town of Svilengrad on the Bulgarian-Turkish […]
Et voici encore un film a ne pas manquer s’il passe par chez vous. Il s’agit de Policier, adjectif d’un realisateur roumain qui a deja ete l’auteur de 2h38, a l’est de Bucarest en 2006. Pendant pres de 2 heures, cette fiction qui s’apparente presque a un documentaire suit un jeune policier, Cristi, dans son […]
The focus this week has been on the threat of Hungarian contagion to some of Western Europe’s top banking companies, but Hungary is just the beginning. Romania and Bulgaria too pose a threat to European banking stability, because of their interconnectedness with the broader banking system, according to Jeff Borack of Kerrisdale Capital ( via […]
Bucharest. Romania’s five large union confederations on Thursday said at least 20,000 people will picket the Parliament building on June 15, the day lawmakers hold a vote on the opposition’s no-confidence motion against the Government’s austerity plan, Romanian Mediafax news agency reports. They also said protesters will form a human chain around the building from […]