INS: Exports, imports, up 6.5%, 6% respectively, after 11 months

Romania's exports reached 48.7 billion euro in the first 11 months of 2014, up by 6.5 percent, whilst imports recorded 54 billion euro, by 6 percent higher compared to January to November 2013, according to the data released on Friday by the National Statistics Institute (INS).

Photo credit: (c) Alex MICSIK / AGERPRES ARCHIVE

Ponta Says Romania May Seek New IMF Deal

Prime Minister Victor Ponta on Thursday said Romania could negotiate a new type of arrangement with the International Monetary Fund once its standby aid deal expires this year.

"First of all, we want to conclude the current agreement. After that, there are two options: to have no arrangement, or to agree on a flexible credit line, as Poland has," Ponta said.

Stock decline continues as sellers prevail

Local stocks failed to hold on to early gains at the Greek bourse on Thursday, as sellers proceeded to take the benchmark down to levels unseen since November 2012.

The Athens Exchange (ATHEX) general index closed at 761.66 points, giving up 2.06 percent from Wednesday?s 777.70 points.

The large-cap FTSE/ATHEX 25 index contracted 1.84 percent to end at 244.36 points.

Romania may negotiate Poland-type IMF deal, flexible line type

Romania may negotiate a deal with the International Monetary Fund (IMF) similar to the one in Poland, of a flexible line type or no longer close a new deal, with a decision to be made after the current agreement is finalised, Prime Minister Victor Ponta told a conference hosted by the Public Finances Ministry on Thursday.

Photo credit: (c) Cristian NISTOR / AGERPRES PHOTO