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International Information Centre for Balkan Studies



Is Turkey A Positive Addition for Europe’s Energy Security? Two Different Viewpoints

 

 

 

Europe’s gas needs are probably meant to decrease over time, as the European Commission is trying to decouple GDP growth from energy consumption. In this sense, the Russian decision to cancel the South Stream and bet on a pipeline to Turkey makes complete sense, as in the long term the Russian gas could be mainly directed to the Turkish market.  

Read more: Is Turkey A Positive Addition for Europe’s Energy Security? Two Different Viewpoints

Refuelling Europe: A Roadmap for completing the Single Energy Market

The Ukraine crisis has reignited debate in Europe surrounding the EU’s lack of a fully functioning single energy market.

Read more: Refuelling Europe: A Roadmap for completing the Single Energy Market

Greece sends proposals, but no decision due at Monday's Eurogroup

Greece submitted to Eurogroup chief Jeroen Dijsselbloem Friday (06.03.2015) an outline of seven reform proposals to form the basis for discussion at Monday’s meeting of eurozone finance ministers, but the signs from Brussels are that Athens is no closer to securing the release of its next tranche of bailout funding.

Read more: Greece sends proposals, but no decision due at Monday's Eurogroup

Pessimism ahead of key eurozone meeting on Greece

 

 

 

Greece has outlined reforms and suggested another aid plan ahead of a meeting of eurozone ministers on Monday (6 March 2015) but negotiations are set to be difficult.

Read more: Pessimism ahead of key eurozone meeting on Greece

Greece and EU

 

 

 

European Commission Vice President Valdis Dombrovskis said Greece’s future aid needs are linked to its performance in the current review, which is due to wrap up in April. Photographer: Scott Eells/Bloomberg

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Albanian Public Debt Reaches New Heights

 

 

 

Government-held debt increased by 622 million euro in 2014, while debt as a percentage of GDP reached 69.1 per cent, the highest figure in more than 15 years.

Read more: Albanian Public Debt Reaches New Heights

Greece wants to be EU link to Eurasia

 

 

 

Cash-strapped Greece advanced its cooperation with the Eurasian Economic Union (EAEU) on February 26, aiming to act as an economic bridge between the EU and the new union of Russia, Kazakhstan, Belarus and Armenia that started functioning in January 2015.

Read more: Greece wants to be EU link to Eurasia

Gazprom cuts gas price to Turkey to no benefit of customers

 

 

 

Russian energy firm Gazprom has cut natural gas prices to Turkey by 10.25 percent; however, due to the ever-weakening Turkish lira, customers will not benefit from the reduction, Energy Minister taner yıldız said in an announcement on Friday (27.02.2015).

Read more: Gazprom cuts gas price to Turkey to no benefit of customers

Lira hits new low as Erdoğan implies central bank ‘treason’

 

 

 

An already-fragile Turkish lira hit a historic low of 2.5280 against the US dollar on Friday (27.02.2015) following fresh verbal attacks from President Recep Tayyip Erdoğan and Economy Minister Nihat Zeybekci.

Read more: Lira hits new low as Erdoğan implies central bank ‘treason’

Greece seeks negotiations on ECB bond repayment

Greece called into question on Saturday (28.02.2015) a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.

Read more: Greece seeks negotiations on ECB bond repayment

Mario Blejer to Advise Albania's Central Bank

 

 

 

The renowned Argentinean economist is to become an adviser to the new governor of Albania’s Central Bank, Gent Sejko, the Prime Minister has announced.

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German lawmakers approve extension of bailout program for Greece

 

 

 

German lawmakers approved an extension of Greece’s loan program after Chancellor Angela Merkel’s coalition staved off dissent from bailout-weary members in its own ranks.

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Je t’aime moi non plus: Commission tough on Greece, soft on France

The European Commission gave France until 2017 to get its budget deficit below an EU-imposed limit, sparing Paris a fine and giving it a new two-year grace period after it missed a second deadline to puts its finances in order.

Read more: Je t’aime moi non plus: Commission tough on Greece, soft on France

IMF warns Greece reform plan lacks 'clear' commitments

The International Monetary Fund warned that Greece's reform plan...

Read more: IMF warns Greece reform plan lacks 'clear' commitments

Republic of Serbia: 2014 Article IV Consultation and Request for Stand-By Arrangement-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Serbia

Publication Date:

February 26, 2015

Read more: Republic of Serbia: 2014 Article IV Consultation and Request for Stand-By Arrangement-Staff...

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