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International Information Centre for Balkan Studies



HELLENIC REPUBLIC MINISTRY OF FINANCE

Minister Euclid Tsakalotos’ letter to Mr.Jeroen Dijsselbloem ; President of EG - Mr. Klaus Regling Managing Director of ESM

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Russia ratifies bill on Turkish Stream gas pipeline

Russia announced late on Dec. 16, 2016 that it had approved a bill to ratify the Turkish Stream natural gas pipeline project.

Read more: Russia ratifies bill on Turkish Stream gas pipeline

Nine in 10 jobless Greeks receive no unemployment benefit

Nine in 10 jobless Greeks do not receive unemployment benefits, according to a study by the country’s statistical authority (ELSTAT) and the Labor Institute of the General Confederation of Greek Labor (INE/GSEE).

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Greece's creditors trade barbs over debt relief

A decision on Wednesday (14.12.2016) to suspend recently agreed Greek debt relief measures has laid bare the growing divisions between Greece's creditors.

Read more: Greece's creditors trade barbs over debt relief

Turkish government announces extraordinary measures for economy

The Turkish government has revealed extraordinary measures to revive the Turkish economy, which has been hit by massive losses in the Turkish Lira, vowing to make 2017 a “saving year” for the public sector and introducing a big fund to accelerate credit volume and create 600,000 new jobs.

Read more: Turkish government announces extraordinary measures for economy

Russian Billionaire Sues Montenegro over Lost Investment

Oleg Deripaska, owner of the Central European Aluminum Company, is personally suing Montenegro for the loss of his investment in the troubled KAP aluminum plant.

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Gazprom: Work on underwater section of Turkish Stream to begin in second half of 2017

Work on the underwater section of the Turkish Stream pipeline will get underway in the second half of next year, Alexei Miller, chief executive of Russian gas giant Gazprom, told journalists on Dec. 6, Reuters reported. 

Read more: Gazprom: Work on underwater section of Turkish Stream to begin in second half of 2017

Fitch revises Turkish banking outlook to ‘negative’ amid macro, political risks

Fitch Ratings has announced that it revised the Turkish banking sector outlook for 2017 from “stable” to “negative” amid several risks. 

Read more: Fitch revises Turkish banking outlook to ‘negative’ amid macro, political risks

KBC and OTP bid for National Bank of Greece's Bulgarian unit, sources say

Belgian bank KBC and Hungarian lender OTP Bank have made offers to acquire United Bulgarian Bank (UBB), the Bulgarian subsidiary of National Bank of Greece (NBG), according to banking industry sources.

Read more: KBC and OTP bid for National Bank of Greece's Bulgarian unit, sources say

Bulgaria’s Industrial Hub Appeals to Foreign Workers

Major industrial enterprises in the region of Plovdiv, Bulgaria’s second-largest city, want to hire at least 5,000 workers but lack qualified candidates and plan to recruit ethnic Bulgarians from abroad.

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Greece: Short-term debt relief approved by Eurogroup but tough measures loom

Eurozone finance ministers struck a deal in Brussels on 05.12.2016 on short-term measures to lighten Greece’s debt burden, but the conclusion of the country’s second review of its third bailout and the participation of the International Monetary Fund have been deferred to January 2017.

Read more: Greece: Short-term debt relief approved by Eurogroup but tough measures loom

Five offers made for use of Greece-Bulgaria gas interconnector

Interconnector Greece-Bulgaria (IGB), estimated to cost €220 million, will transport gas with a total capacity of 4.3 billion cubic meters a year (bcm/y).

Read more: Five offers made for use of Greece-Bulgaria gas interconnector

Greek economy: Talks regarding the sale of DESFA to SOCAR collapse, ESM proposal on Greek debt relief

The Greek government is considering its next moves, including the possibility of a new tender.

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Комиссия парламента Турции одобрила соглашение по "Турецкому потоку"

АНКАРА, 29 ноя. 2016 — РИА Новости. Комиссия по внешним связям парламента Турции одобрила во вторник проект закона по строительству газопровода "Турецкий поток", сообщает агентство Sputnik.

Read more: Комиссия парламента Турции одобрила соглашение по "Турецкому потоку"

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