Andra Timu

Romania’s Social Democrats will put forward their leader Sorin Grindeanu as a potential candidate for prime minister during talks with the other pro-European parties in the latest attempt to end political deadlock.

Three pro-European Romanian parties proposed European Parliament lawmaker Siegfried Muresan from the Liberal party as prime minister in what would be the second bid to form a new government and end weeks of political deadlock.

Romania’s president said he won’t nominate a new prime minister until political parties strike a deal to form a parliamentary majority, a move needed to break a months-long deadlock that’s stalled vital reforms tied to European Union funding.

Moldova’s Prime Minister Alexandru Munteanu resigned after just eight months in office as a corruption scandal involving a state-owned air traffic management company rocks the tiny nation wedged between Ukraine and European Union member Romania.

(Bloomberg) -- NATO allies are close to a landmark agreement to extend a Cold War-era fuel pipeline network to eastern Europe and Turkey, aiming to ensure those countries can get supplies in a crisis.

Polish and Romanian policymakers are expected to keep interest rates unchanged on Wednesday as inflation moderates across much of eastern Europe after a spike in price pressures during the US-led war on Iran.

President Donald Trump spent the bulk of his speech at the NATO summit airing frustrations about Iran, telling allies that the US isn’t interested in regime change anymore and that European countries have let him down repeatedly.

Romania held interest rates at the highest level in the European Union as policymakers tackle double digit inflation in an economy on the verge of a recession.

(Bloomberg) -- President Donald Trump spent the bulk of his speech at the NATO summit airing frustrations about Iran, telling allies that the US

Romanian inflation eased as the impact of last year’s tax increases gradually faded away with the outlook for potential interest-rate cuts clouded by volatile oil prices.