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International Information Centre for Balkan Studies



Turkish Airlines to establish joint venture in Albania

Turkey’s national flag carrier Turkish Airlines will establish a joint venture company in Albania, the airline said on Sept. 12, 2018.

Read more: Turkish Airlines to establish joint venture in Albania

Turkish Central Bank sharply hikes key rate, helps lira gain value

Turkey’s central bank raised its benchmark rate by 625 basis points on Sept. 13, 2018 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy.

Read more: Turkish Central Bank sharply hikes key rate, helps lira gain value

Greece: Business group leader: Greek economy still vulnerable to internal, external risks in post-memorandum period

Τhe president of Greece's Hellenic Confederation of Commerce and Entrepreneurship (ESEE), Vassilis Korkidis, this week detailed his assessments of the country's post-memorandum prospects and challenges, in separate interviews with Japan's NHK group and China state television (CCTV).  

Read more: Greece: Business group leader: Greek economy still vulnerable to internal, external risks in...

Albayrak says Turkey will come out of volatility stronger, ruling out IMF plan

Turkey's Treasury and Finance Minister Berat Albayrak promised on Aug. 16 the country will emerge "stronger" from the currency crisis sparked by a diplomatic spat with the United States, and ruled out an IMF bailout.

Read more: Albayrak says Turkey will come out of volatility stronger, ruling out IMF plan

Bulgaria records 0.8% economic growth in Q2 2018 – flash estimate

Bulgaria’s economy posted 0.8 per cent growth in the second quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on August 14. In real terms, gross domestic product (GDP) in Bulgaria in April-June was 26.05 billion leva, or 13.32 billion euro.

Read more: Bulgaria records 0.8% economic growth in Q2 2018 – flash estimate

Greece-Turkey bilateral trade at roughly 3.4 bln€ in 2017

Greece is keenly interested in Turkish economic developments, amid the brushing currency and economic crisis in the neighboring country, given that bilateral trade and cross-border ties have blossomed over recent years despite whatever political differences.

Read more: Greece-Turkey bilateral trade at roughly 3.4 bln€ in 2017

Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on 09.08.2018, driving yields up above 4 percent.

Read more: Global jitters hit Greek bonds

Turkish Lira hits record low after US says reviewing duty-free access

The Turkish Lira reached a record low against the dollar on Aug. 6, after the Trump administration said it was reviewing Turkey’s duty-free access to the United States market, a move that could affect $1.66 billion of Turkish imports.

Read more: Turkish Lira hits record low after US says reviewing duty-free access

Eurozone rescue fund pays final bailout loan to Greece

A eurozone rescue fund says it has paid its final 15 billion-euro bailout loan to Greece, after objections by Germany delayed the payment a few weeks.

Read more: Eurozone rescue fund pays final bailout loan to Greece

Bulgaria H1 2018 Budget surplus at 1.71B leva

Bulgaria’s Finance Ministry said that the consolidated Budget surplus for the first half of 2018 was 1.71 billion leva, or 1.6 per cent of this year’s estimated gross domestic product, narrowly missing the ministry’s 1.74 billion leva forecast issued last month (July 2018).

Read more: Bulgaria H1 2018 Budget surplus at 1.71B leva

Turkish Central Bank sharply increases inflation forecast

Turkey’s Central Bank sharply raised its 2018 inflation forecast to 13.4 percent from 8.4 percent previously, governor Murat Çetinkaya said on July 31, 2018.

Read more: Turkish Central Bank sharply increases inflation forecast

EU steps up monitoring of reforms as Greece moves to normalisation

The EU Commission activated an enhanced surveillance framework for Greece Wednesday (11.07.2018) to support implementation of reforms following the conclusion of its bailout through the European Stability Mechanism.

Read more: EU steps up monitoring of reforms as Greece moves to normalisation

Greek Defence Minsister Kammenos: defense sector overhaul to cover island VAt shortfall

A few hours after Germany blocked the disbursement of a 15-billion-euro tranche of funding to Greece due to a decision to extend a value added tax discount to the Aegean islands, Defense Minister Panos Kammenos indicated that part of the funds to offset the 28-million-euro shortfall would come from an overhaul of the defense sector.

Read more: Greek Defence Minsister Kammenos: defense sector overhaul to cover island VAt shortfall

Bulgaria edges closer to joining euro

Bulgaria, the European Union’s poorest country, moved a step closer to joining the euro yesterday (12 July, 2018).

Read more: Bulgaria edges closer to joining euro

Bulgaria, China sign raft of agreements ahead of CEE – China ’16+1′ summit

On the day that the trade war between China and the US stepped in to high gear with the introduction of wide-reaching tariffs on goods, Chinese prime minister Li Keqiang was keen to emphasise that the upcoming “16+1” meeting between China and 16 Central and Eastern European countries was not meant to cause divisions within the EU.

Read more: Bulgaria, China sign raft of agreements ahead of CEE – China ’16+1′ summit

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