Storm Clouds Gather in Moldova

It’s another day of bitterly cold temperatures and another day of protests here in Chisinau, the capital of Moldova. Unfortunately for me, I was swamped with work and unable to go see the protests firsthand but my wife was in the area and reported that the protests were more strident than ever. For some bizarre…

The Ancient Romanian Art

I was doing some research for something else when I found an old (previously secret) telegram in the archives of the American State Department that made me laugh. In August of 1976, the “Stejar of Scornicesti”, Romanian dictator Nicolae Ceasescu made a rare trip to Chisinau, which was then part of the Soviet Union. He…

Incompetence on Every Level

A few weeks ago I read a piece called The Illusion of Corruption on the blog of a Romanian who grew up in Canada but has now returned to his homeland (and as a side note, the author is a personal friend) and the more I thought about it, the more I realized what he…

The Ballad of Cupru Min

Well as I’ve written about before, the Pig Man and the Daddy Isarescu had big plans for Romania in 2012 with the first step to be selling off equity shares (or the entire company) of some of the last of this country’s state-owned firms. The first one on the block was Cupru Min (literally “Copper…

Did We Mention How Awesome We Are?

Well the unsleeping eye picked up a new report (PDF) about just how Romania is doing in terms of making the IMF happy. You can certainly click on the link and read the entire thing, acronym and jargon-filled as it is, but if you want to save yourself some time I’ll sum it up for…

Was Ion Stan Right?

All day I’ve been wracking my brain, trying to see if there was any way to prove if what Ion Stan said was right or wrong. Essentially he is stating that the IMF is deliberately undervaluing Romania’s GDP by 20% in order to induce politicians (and economic “experts”) to take on IMF loans. Well there’s…

Economic Assassins

Well it’s Monday which means time to put watching old TV shows on the back burner for a bit and do some serious work. Through some research, I came across a statement from an old PSD heavyweight politician from Targoviste and noticed it had been receiving very little attention in Romania and zero attention in…