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International Information Centre for Balkan Studies



Hungary-Serbia railway launched at China summit

A two-day economic summit in Budapest between China and 16 central and eastern European countries saw the launch of several investment projects, including a high-speed rail link, against the backdrop of EU concerns at Beijing's reach into the region.

Read more: Hungary-Serbia railway launched at China summit

OECD nearly doubles 2017 growth forecast for Turkey to over 6 pct

The Organization for Economic Cooperation and Development (OECD) has significantly raised its 2017 growth forecast for Turkey to over 6 percent, by citing strong fiscal stimulus and rebound in exports.

Read more: OECD nearly doubles 2017 growth forecast for Turkey to over 6 pct

EUROPEAN COMMISSION Brussels, 23.11.2017 C(2017) 7834 final*

ANNEX to COMMISSION DELEGATED REGULATION (EU) …/... amending Regulation (EU) No 347/2013 of the European Parliament and of the Council as regards the Union list of projects of common interest {SWD(2017) 425 final}

*N.B. PERTINANT TO SOUTH-EASTERN EUROPE REGION

Read more: EUROPEAN COMMISSION Brussels, 23.11.2017 C(2017) 7834 final*

Sofia - Skopje deal on cutting roaming fees approved by Bulgarian government

At a scheduled Cabinet meeting on November 22, Bulgaria's government approved a draft memorandum of understanding between the Bulgarian Ministry of Transport, Information Technology and Communications and the counterpart ministry in Skopje on the reduction of international roaming tariffs for telecommunication services

Read more: Sofia - Skopje deal on cutting roaming fees approved by Bulgarian government

ECB lowers emergency funding cap for Greek banks to 25.8 billion euros

The European Central Bank lowered the cap on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.1 billion euros to 25.8 billion euros (23 billion pounds), the Bank of Greece said on 23.11.2017.

Read more: ECB lowers emergency funding cap for Greek banks to 25.8 billion euros

Greek bailouts 'lacked planning and strategy', EU auditors say

Weaknesses in programme design and economic planning led to the failure of the first two Greek bailouts to help the embattled Mediterranean country finance itself again, the EU Court of Auditors has said.

Read more: Greek bailouts 'lacked planning and strategy', EU auditors say

Ionian-Adriatic Pipeline

Tirana will host on 09.09.2017 the fourth meeting of the Management Unit for the Ionian-Adriatic Pipeline (IAP) project.

Present in this meeting will not only be personalities from domestic energy institutions, but also representatives of international institutions and experts of this domain.

Read more: Ionian-Adriatic Pipeline

Greece sells 1.3 bln euros of 13-week T-bills, yield drops to 1.91 pct

Greece sold 1.3 billion euros ($1.55 billion) of three-month T-bills on Wednesday to refinance maturing issues, the country’s debt agency PDMA said.

Read more: Greece sells 1.3 bln euros of 13-week T-bills, yield drops to 1.91 pct

Bulgaria January-July 2017 Budget surplus at 1.97B leva

Bulgaria’s Finance Ministry said that the consolidated Budget surplus for the first seven months of 2017 was 1.97 billion leva, or two per cent of this year’s estimated gross domestic product, narrowly exceeding the ministry’s 1.96 billion leva forecast issued last month.

Read more: Bulgaria January-July 2017 Budget surplus at 1.97B leva

Fitch upgrades Greece as political risk eases

Fitch Ratings upgraded Greece’s long-term foreign-currency issuer default ratings to B- from CCC, citing reduced political risk and sustained GDP growth. Fitch said on 18.08.2017 it expected the general government debt to steadily improve, cushioned by benefits from the European Stability Mechanism (ESM) program.

Read more: Fitch upgrades Greece as political risk eases

Greece aims for 6 bln euros in privatizations revenues in 2017-18

Greece aims to raise 6 billion euros in privatization revenues through 2018, the head of its privatizations agency said on 06.07.2017.

Read more: Greece aims for 6 bln euros in privatizations revenues in 2017-18

Greece's 10-year borrowing costs drop to lowest since 2009 after upgrade

Greece's 10-year borrowing costs dropped to their lowest level since 2009 after Moody's updated the country's credit rating on 23.06.2017.

Read more: Greece's 10-year borrowing costs drop to lowest since 2009 after upgrade

Fitch Ratings revises Bulgaria’s outlook from stable to positive

Fitch Ratings has revised Bulgaria’s outlook to positive from stable while affirming the sovereign’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB-‘.

Read more: Fitch Ratings revises Bulgaria’s outlook from stable to positive

‘Chinese Balkan corridor’ pits EU north against south

The Western Balkans have become China’s preferred access point to the EU, and a corridor to Europe’s north from the Greek port of Piraeus is being financed by Beijing. But Brussels fears EU rules will not be respected, while in northern countries, big ports resent the competition.

Read more: ‘Chinese Balkan corridor’ pits EU north against south

Turkish Stream’s construction vessel on way to Black Sea

The Pioneering Spirit vessel, which will carry out the construction of the Turkish Stream natural gas pipeline’s offshore section, arrived at the Çanakkale Strait early on May 30 2017, according to the vessel’s Swiss owner, Allseas.

Read more: Turkish Stream’s construction vessel on way to Black Sea

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