World Bank

As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.

Romania's Q1 2019 Gross Domestic Product (GDP) was 1.3pct higher in real terms than Q4 2018 GDP, and 5pct, both unadjusted and adjusted for seasonality, over Q1 2018, according to provisional data released on Monday by the National Institute of Statistics (INS).

Slovak politician Maros Sefcovic and Bulgarian economic analyst Kristalina Georgieva, head of the World Bank, were left disappointed after being tipped for high-profile parts. Romania and Croatia had also sought a greater role for the Balkan region in the EU's decision-making process.

Day 3 talks on high-level posts in the European Union (EU) continue. After a nearly 20-hour session, which began on Sunday and ended on Monday afternoon, the leaders of the member states renewed their efforts to reach an agreement.

The talks on the allocation of senior posts in the European Union are being renewed, writes NOVA TV. 

In two consecutive days, negotiations in Brussels failed. The 28 Heads of State and Government can not choose who will be at the head of the European Commission and with what posts those who compromise will be compensated.

Bulgarian Prime Minister Boyko Borissov has said he refused the position of High Representative for Foreign Affairs and Security of Bulgaria, because in that case the country would lose the position of commissioner in a real sector.

A high-level EU official says that the possible appointment of World Bank official Kristalina Georgieva is part of the problem why the EU summit has been suspended for a day since it was unclear she would get sufficient backing.

A new report published on Tuesday estimated that more than 120 million people could slip into poverty within the next decade because of climate change.   As extreme weather events such as droughts, floods and hurricanes become more frequent, the world's poorest people will be forced to "choose between starvation and migration," the report warned.

In Romania, governance can only be based on technology and, currently, we are a factor of influence because we set out the pace on the Digital Agenda, Communication and Information Society Minister Alexandru Peterescu told a specialist forum on Thursday. "There are many NGOs in the digital area and I believe that one should always be involved in the fight in order to be appreciated.

The Turkish economy is forecast to grow 3 percent next year after contracting 1.9 percent in 2019, the World Bank said in its twice-yearly Global Economic Prospects report released on June 4.