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International Information Centre for Balkan Studies



ECB raises Greek banks' emergency funding by EUR 700m

 

 

 

The European Central Bank on Wednesday (01.04.2015) further increased the maximum Emergency Liquidity Assistance that Greek banks can obtain by 700 million euros, a banking source said.

Read more: ECB raises Greek banks' emergency funding by EUR 700m

Sun Continues to Shine on Croatian Tourism

 

 

 

Croatia on Wednesday (01.04.2015) said it earned almost a record 7.4 billion euro from tourism in 2014, which was up on the figures from 2013 - and not far from the all-time high of 2008.

Read more: Sun Continues to Shine on Croatian Tourism

Emirates Scrap Luxury Resort Plan in Montenegro

 

 

 

A major UAE investor has pulled out of deal worth 300 million euro to build a luxury resort near Budva, dealing a serious blow to the Montenegrin government

Read more: Emirates Scrap Luxury Resort Plan in Montenegro

Romania Warned Against Dangers of Tax Cuts

Romania's Fiscal Council has echoed warnings made earlier by the IMF that the centre-left government’s plans to cut taxes will throw the economy off course.

Read more: Romania Warned Against Dangers of Tax Cuts

Growth misses target, GDP per capita melts in 2014

 

 

 

Turkish GDP growth slowed to 2.9 percent in 2014 from 4.2 percent the preceding year.

Read more: Growth misses target, GDP per capita melts in 2014

As Bulgaria empties, government struggles to dole out pension pot

 

 

 

The poorest country in the European Union enables some public sector workers to retire in their forties. Elena Yaneva hopes she won't be caught up in Bulgaria's pending pensions overhaul.

Read more: As Bulgaria empties, government struggles to dole out pension pot

Greece not to repay debts unless creditors disburse 2014 loans, says government

 

 

 

In a “non paper” describing its actions since the 15 January elections, the Greek government warns , or reassures, that it will not repay debts unless loan tranches that were supposed to be disbursed in 2014 are not released.

Read more: Greece not to repay debts unless creditors disburse 2014 loans, says government

Romania Names New Finance Minister

 

 

 

Prime Minister Victor Ponta has appointed a new finance minister to replace Darius Valcov, who recently resigned amid a graft probe.

Read more: Romania Names New Finance Minister

Bulgaria offers Westinghouse stake in new nuclear unit

 

 

 

Bulgaria has offered Westinghouse a 49% stake in a new nuclear reactor that the US multinational would build on the site of the Kozlodui nuclear power plant, writes Dnevnik daily.

Read more: Bulgaria offers Westinghouse stake in new nuclear unit

Bulgaria’s total business climate indicator up 0.9 pp in March

In March 2015 Bulgaria’s total business climate indicator increases by 0.9 percentage points compared to the previous month due to the improved business climate in industry and service sector, show the data of Bulgaria’s National Statistical Institute.

Read more: Bulgaria’s total business climate indicator up 0.9 pp in March

President Iohannis: Romania is supporting the establishment of an energy union

Romania is supporting the establishment of a European union of energy, President Klaus Iohannis said Thursday (26.03.2015) in Bucharest upon leaving for Brussels to take part in a the spring summit meeting of the European Council.

Read more: President Iohannis: Romania is supporting the establishment of an energy union

Greece risks bankruptcy by 20 April

 

 

 

Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters yesterday (24 April), leaving it little time to convince sceptical creditors it is committed to economic reform.

Read more: Greece risks bankruptcy by 20 April

Bulgaria says EU will back pipeline with Greece

 

 

 

Bulgarian Prime Minister Boyko Borisov has said that European Commission Vice President for Energy Union Maros Sefcovic had assured him that the gas Interconnector Greece-Bulgaria (IGB) would be financed with EU funds.

Read more: Bulgaria says EU will back pipeline with Greece

Greece Faces Decisive Week as Tsipras Is Set to Meet Merkel

 

 

 

Greek Prime Minister Alexis Tsipras is set to meet German Chancellor Angela Merkel for the second time in five days on Monday (23.03.2015), at the start of a week that may prove decisive for Greece’s future in the euro area.

Read more: Greece Faces Decisive Week as Tsipras Is Set to Meet Merkel

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