VAT and the flat tax remain unchanged, while wages in the public sector will drop 25%, President Traian Basescu announced on Thursday, after a meeting with IMF experts and politicians from the governmental coalition. Here are the main ideas put forward by the Romanian president: * There are 3 million people working the real economy and public sector spending transferred on those who work. The... 

Russia has serious concerns about U.S. plans to deploy missile interceptors in Romania, the Foreign Ministry said Friday. The statement from ministry spokesman Andrei Nesterenko reflected Moscow’s irritation about the U.S. missile defense plans and signaled tensions in relations with Washington. Nesterenko said that Russia has been annoyed to learn about the move from the media. “We... 

Snow slams Europe and defies the so-called Global Warming Europe shivered under a snowy pre-Christmas cold snap on Friday that closed airports, caused chaos on the roads and gave some school kids an early start to their holidays. The Swiss canton of Grisons recorded a record low temperature of minus 32 degrees Celsius (minus 25 degrees Fahrenheit) overnight, and early snow was seen across the continent... 

Romanian authorities arrested two Israeli fertility doctors under investigation in Bucharest, Israeli Consul in Romania Lili Ben Harush announced on Tuesday evening. It was not immediately known why Prof. Nathan Levitt and Dr. Genya Ziskind were arrested, but it was assumed to be after an alleged attempt to escape the country and obstruct the local investigation into the suspected illegal activities... 

Romania has detained two Israelis and a Romanian on suspicion of trafficking in human eggs in their Bucharest-based fertility clinic, organised crime prosecutors said Monday. Prosecutors said 22 other people, members of the same organisation, were also under investigation. “The group was focussing on identifying foreign couples eager to resort to reproduction tecRhniques and on grabbing Romanian... 

One of Romania’s most flamboyant politicians has been barred from taking his seat in the European Parliament because he is facing a police inquiry. Gigi Becali, a former shepherd who made a fortune in land deals, is accused of attacking thieves who stole his car. Judges upheld a travel ban imposed on him while the case is investigated. He says he intends to travel to Brussels to begin his five-year... 

Wilkommen aus Rumaenien! Few people know that Romania was once a rich and prosperous country led by the German dynasty Hohenzollern-Sigmaringen from 1866 to 1946. It was all good until the communists took over in 1946 and hell break loose. In 1940 Romania joined the Axis powers (Germany, Italy and Japan) in an effort to stop communism from spreading from Russia to other parts of the world but it was...