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International Information Centre for Balkan Studies



EU energy deal targets 32 pct renewables by 2030

EU Parliament and Council negotiators struck a deal on 13.06.2018 for a share of energy from renewables of at least 32% of the EU's gross final consumption in 2030, with an upwards revision clause by 2023.

Read more: EU energy deal targets 32 pct renewables by 2030

Exclusive: Italy's new government to review TAP gas pipeline

A plan to build the final stage of a $40 billion international gas pipeline in Italy is under review, the country’s new environment minister said, calling the project “pointless”.

Read more: Exclusive: Italy's new government to review TAP gas pipeline

Kosovo Parliament votes for unification of customs with Albania

Kosovo Parliament has voted on 05.06.2018 a resolution on unification of customs wit Albania. The vote came only a few days after MPs voted two resolutions on scrapping roaming charges and removing controls at the border.

Read more: Kosovo Parliament votes for unification of customs with Albania

Russia's Gazprom signs protocol with Turkey on TurkStream gas pipeline Russian state gas giant Gazprom said on May 26 it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botaş to end an arbitration

Russian state gas giant Gazprom said on May 26 it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botaş to end an arbitration dispute over the terms of gas supplies.

Read more: Russia's Gazprom signs protocol with Turkey on TurkStream gas pipeline Russian state gas giant...

Turkish Central Bank moves to stop lira’s fall

Turkey’s Central Bank sharply raised its key lending rate after markets closed on May 23 in a bid to stem an outflow of capital from the country, control inflation and support the beleaguered currency.

Read more: Turkish Central Bank moves to stop lira’s fall

Turkey’s current account deficit grows

Turkey’s current account deficit hit $4.8 billion in March, marking an increase of $1.7 billion, year-on-year, the Turkish Central Bank (CBRT) announced on May 14, 2018.

Read more: Turkey’s current account deficit grows

TANAP project to enter into service in June: Turkish minister

The Trans-Anatolian Natural Gas Pipeline (TANAP) project will enter into service as of June 12, Energy and Natural Resources Minister Berat Albayrak said on May 11, 2018.

Read more: TANAP project to enter into service in June: Turkish minister

Tourism ever more vital to country’s economy

Tourism constitutes the antidote to recession and unemployment, according to a study by the Institute of the Greek Tourism Confederation (InSETE), as the sector’s overall contribution to the country’s gross domestic product has recently ranged between 22.6 and 37.3 percent, or 40.3-48.5 billion euros, while in the July-September period of last year tourism accounted for more than one in every six jobs (16.9 percent).

Read more: Tourism ever more vital to country’s economy

Erdoğan summons urgent economy meeting as Turkish Lira plunges

President Recep Tayyip Erdoğan summoned top members of the government’s economic administration for an urgent meeting on May 9, 2018 amid continued plunges in the value of the Turkish Lira.

Read more: Erdoğan summons urgent economy meeting as Turkish Lira plunges

Fitch: Improved prospects for Greek debt sustainability; debt at 132.8% in 2026

Fitch ratings on Thursday (26.04.2018) noted that Greece's second-consecutive budget surplus "demonstrates the authorities΄ continuing commitment to fiscal consolidation"

Read more: Fitch: Improved prospects for Greek debt sustainability; debt at 132.8% in 2026

Россия расширяет плацдарм на востоке Европы (в Хорватии)

Многолетние усилия Хорватии отбиться от попыток российских компаний инвестировать в хорватскую экономику, пишет Bloomberg*, не дали результата. Российский бизнес со дня на день станет одним из крупнейших иностранных инвесторов на юго-востоке Евросоюза.

Read more: Россия расширяет плацдарм на востоке Европы (в Хорватии)

Bulgarians severely materially deprived still highest in EC

The percentage of people in Bulgaria classed as severely materially deprived dropped from 45.7 per cent in 2010 to 30 per cent in 2017, according to figures released on April 24 by EU statistics agency Eurostat.

Read more: Bulgarians severely materially deprived still highest in EC

Turkish businesspeople moving their assets abroad will not be forgiven: Erdoğan

President Recep Tayyip Erdoğan has said businesspeople attempting to protect their assets by sending them out Turkey will “not be forgiven.”

Read more: Turkish businesspeople moving their assets abroad will not be forgiven: Erdoğan

€640 million for Greek businesses as EIF and National Bank of Greece sign new EU guarantee agreements under the Juncker Plan

The European Investment Fund (EIF) and the National Bank of Greece (NBG) have signed on 16.04.2018 three guarantee agreements worth €640 million to improve access to finance for small and medium-sized enterprises (SMEs) in Greece.

Read more: €640 million for Greek businesses as EIF and National Bank of Greece sign new EU guarantee...

Bulgarian average income rose by 8.1% in 2017, household spending by 9.7%

The annual total income average per capita in Bulgaria was 5586 leva (about 2856 euro) in 2017, an increase of 8.1 per cent compared with 2016, the National Statistical Institute (NSI) said on April 18, 2018.

Read more: Bulgarian average income rose by 8.1% in 2017, household spending by 9.7%

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