New payments may be blocked as Bucharest continues to have problems absorbing European Union funds.
Romania and Bulgaria have been included on a World Bank list of developing economies in Europe and Central Asia undergoing serious restructuring.
Romanian carmaker Dacia's sales on foreign markets grew by 15 per cent last year compared to 2009, with France accounting for over a third of total exports.
As petrol prices soar in one of Europe's few oil producing countries, consumers are angry, taxi-drivers threaten a revolt and the Prime Minister promises probes.
Several countries rank high on the 2011 Index of Economic Freedom, as reforms begin to bite, while others lag as result of age-old problems, especially corruption.
As the Fund approves a new installment of a bailout loan for Romania, Bucharest is eyeing a further precautionary deal.
The Romanian Central Bank, BNR, has decided to keep the key interest rate at 6.25 per cent after its first monetary policy meeting of the year.
Romania's central bank governor says that the country's membership in the euro zone could be delayed from the planned 2015, as more reforms are needed.
Consumer spending in December looks disappointing, as economically fearful shoppers refuse to splash out
The Romanian government has doubled the guarantee offered to depositors in Romanian banks to EU standards.
Romania has become a lucrative energy market for investors, particularly those interested in wind power, a recent report says.
More than 20 per cent of Bulgarians and Romanians were at risk of poverty in 2008, an newly released Eurostat publication shows.
There is more talk about graft than action in Europe’s two most corrupt member states.
The draft budget - on which hangs a large IMF loan - is ready but has yet to pass a vital MPs' vote.
The Romanian government plans to pour billions of euros into efforts to expand and modernize the country's roads and rails in 2011, one of the few sectors to get a major boost in the new budget.
The European Bank for Reconstruction and Development signed today three credit lines worth a total of €350 million for banks in Bulgaria, Romania and Serbia for on-lending to businesses.
Uncertainty about the future of the single currency makes many Romanians concerned for their financial future.
Bulgarian Finance Minister Simeon Djankov has promised that financial assistance will be made available for people whose homes were damaged by the strong earthquake that hit western Bulgaria early on Tuesday morning.
Museums and cultural institutions across Romania will be opening their doors all night on Saturday and revealing their treasures.