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International Information Centre for Balkan Studies



Greece awaits Eurogroup’s green light in order to receive the €10-11 billion tranche and kickstart debt talks with EU institutions and the IMF.

Greece awaits Eurogroup’s green light in order to receive the €10-11 billion tranche and kickstart debt talks with EU institutions and the IMF.

Read more: Greece awaits Eurogroup’s green light in order to receive the €10-11 billion tranche and...

Greek MPs approve multi-bill, paving way for lenders to release more loans

Greek MPs approved on Sunday (22.05.2016) night a multi-bill containing a range of measures, including another 1.8 billion euros in tax hikes and the framework for a vast new privatization fund, paving the way for the Eurogroup to release more loans to Athens.

Read more: Greek MPs approve multi-bill, paving way for lenders to release more loans

Bulgaria Q1 2016 FDI was 371.3M euro

Foreign direct investment in Bulgaria in the first three months of 2016 stood at 371.3 million euro, the equivalent of 0.8 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on May 18, 2016. In the same period of 2015, FDI was 586 million euro, but the original amount reported by BNB last year was 317.3 million euro, which was revised upward later.

Read more: Bulgaria Q1 2016 FDI was 371.3M euro

Greece to block TTIP unless geographical indications are protected

EXCLUSIVE / The Greek government is ready to veto the Transatlantic Trade and Investment Partnership (TTIP) between the US and the EU unless it ensures increased protection for key agricultural geographical indicators.

Read more: Greece to block TTIP unless geographical indications are protected

Bulgarians have lowest life expectancy in the EU – official

 

 

 

The life expectancy at birth of the Bulgarian population in 2013 – 2014 was 74.5 years, down by 0.02 years compared to 2012 – 2014, the National Statistical Institute (NSI) said on May 13, 2016

Read more: Bulgarians have lowest life expectancy in the EU – official

Greece and EU Reach Agreement on 5.4 Billion Euros, Confirms EU Official

Greece and its European creditors have agreed on a basic package of measures worth 5.4 billion euros, confirmed a European official from Brussels on Friday (13.06.2016).

Read more: Greece and EU Reach Agreement on 5.4 Billion Euros, Confirms EU Official

After political shake-up, is Turkey heading for economic crisis?

As Turkish markets shook after the May 5 announcement of Ahmet Davutoglu's resignation as prime minister, President Recep Tayyip Erdogan came out with his typical defiant tone when he said, "There are those who pray for an economic crisis. Those who dream of adding to their wealth [in an economic crisis] won't be able to do so."

Read more: After political shake-up, is Turkey heading for economic crisis?

Turkish portfolio outflows hit highest this year on political worries

Foreign investors have sold $459 million worth of Turkish stocks and bonds so far this month, in the largest portfolio outflow this year as political concerns have grown, the Central Bank said on May 12, 2016.

Read more: Turkish portfolio outflows hit highest this year on political worries

The Risky Sacrifice of Greece

Greece is one step before collapse and the European Commission, the driving force of the supervisory team, named troika before and quartetto now, is insisting to impose policies which will only accelerate the collapse. With the new round of taxes legislated last weekend, Greeks will stop paying for anything.

Read more: The Risky Sacrifice of Greece

Eurozone hopes for Greece debt deal on 24 May

Eurozone finance ministers yesterday (9 May 2016) gave themselves until 24 May to reach a deal on debt relief and unlocking bailout cash for Greece as they lauded Athens for passing tough reforms.

Read more: Eurozone hopes for Greece debt deal on 24 May

Greek government turns focus to Eurogroup after securing vote on new measures

Greek Finance Minister Euclid Tsakalotos is to face his eurozone counterparts in Brussels on Monday (09.05.2016) for talks that are expected to focus on the terms of Greece’s third bailout and the prospects for debt relief following the approval in Parliament on Sunday night of overhauls of the Greek tax and pension systems.

Read more: Greek government turns focus to Eurogroup after securing vote on new measures

S&P raises Turkey’s outlook to ‘stable’ despite risks

 

 

 

Turkey’s outlook was revised up to “stable” from “negative” by Standard & Poor’s (S&P) on May 6, 2016.

Read more: S&P raises Turkey’s outlook to ‘stable’ despite risks

German Vice Chancellor urges debt relief for Greece

German Vice Chancellor Sigmar Gabriel urged eurozone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures.

Read more: German Vice Chancellor urges debt relief for Greece

Chinese group pays USD 680 mln for former Rompetrol Group

Chinese group CEFC China Energy Company Limited will pay USD 680 million to buy a 51% stake in Dutch-based oil & gas group KMG International, the former Rompetrol Group, which has most of its business in Romania.

Read more: Chinese group pays USD 680 mln for former Rompetrol Group

Turkish exports fall by 2.8 percent in April

 

 

 

The value of Turkey’s exports dropped by 2.8 percent in April to $11.4 billion from the same period last year due to a decline in export prices, the Turkish Exporters’ Assembly (TİM) stated in the Mediterranean resort of Antalya on May 1, 2016.

Read more: Turkish exports fall by 2.8 percent in April

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