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International Information Centre for Balkan Studies



US to help Bulgaria reduce dependence on Russia

 

 

 

The US has promised to help Bulgaria reduce energy dependence on Russia, as Europe digests Gazprom’s latest announcement on EU gas supplies.

Read more: US to help Bulgaria reduce dependence on Russia

Ireland signals support for Greek debt conference

 

 

 

Ireland has signalled support for a European debt conference demanded by the far-left Syriza party likely to win the upcoming Greek elections.

Read more: Ireland signals support for Greek debt conference

Montenegro Limits Foreign Work Permits

 

 

 

The government is to limit the number of foreigners working in Montenegro on the grounds that more jobs need to go to locals.

Read more: Montenegro Limits Foreign Work Permits

Greece will need troika consent to cover funding needs via T-bills [1], warns Finance Ministry

 

 

 

Greece's leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a Jan. 25 election, the finance ministry said on Monday (12.01.2015).

Read more: Greece will need troika consent to cover funding needs via T-bills [1], warns Finance Ministry

Fitch Affirms Serbia at 'B+'; Outlook Stable

 

 

 

(The following statement was released by the rating agency) LONDON, January 09 (Fitch) Fitch Ratings has affirmed Serbia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B+'.

Read more: Fitch Affirms Serbia at 'B+'; Outlook Stable

U.S. steel firm Esmark to take over loss-making Serbian mill

 

 

 

U.S. processor and distributor Esmark is set to take over Serbia's loss-making Zelezara Smederevo steel mill after submitting the only valid bid, the country's privatisation commission said.

Read more: U.S. steel firm Esmark to take over loss-making Serbian mill

Bosnians in Dark About Choosing Power Supplier

 

 

 

The electricity market in Bosnia is opening up to competition from January 1 - but few people have been informed about the changes on offer - and what they will mean.

Read more: Bosnians in Dark About Choosing Power Supplier

Foreigners put brakes on investment in Turkey

 

 

 

Turkey is in urgent need of investment to stem rising unemployment. It is all but obvious now that the construction sector alone cannot sustain economic growth and reduce unemployment. Investment is needed from both foreign and local sources to build plants and create jobs.

Read more: Foreigners put brakes on investment in Turkey

Third of Montenegrins Working in 'Grey' Economy

 

 

 

About 30 per cent of Montenegrins work in the unofficial and untaxed labour market in one form or another, a recent survey has found.

Read more: Third of Montenegrins Working in 'Grey' Economy

Joint Albania-Kosovo Power Market Worries Think Tank

 

 

 

A report by Kosovo’s GAP institute says that while the creation of a common energy market between Kosovo and Albania would lower costs, it must not lead to the building of more high-polluting coal power stations in Kosovo.

Read more: Joint Albania-Kosovo Power Market Worries Think Tank

Romania Turns on the Gas to Moldova

 

 

 

A gas pipeline linking Moldova to Romania, aimed at reducing the former Soviet country's dependence on Russian imports, is to start functioning on New Year's Day.

Read more: Romania Turns on the Gas to Moldova

Serbia to Cut 27,000 Public Sector Jobs

 

 

 

Serbia’s parliament started discussing a draft budget for 2015 which contains plans to reduce the number of workers in state-owned companies and the public sector by five per cent.

Read more: Serbia to Cut 27,000 Public Sector Jobs

Bosnian Serbs Set Budget for 2015

 

 

 

Lawmakers in Republika Srpska will soon get a chance to scrutinize the 2015 entity budget, which is virtually unchanged from this year's figures.

Read more: Bosnian Serbs Set Budget for 2015

China Pledges $3bn Fund at Belgrade Summit

 

 

 

China's Prime Minister Li Keqiang promised a significant new investment fund for Central and Eastern European countries at the summit in Belgrade.

Read more: China Pledges $3bn Fund at Belgrade Summit

Serbia Awaits Benefits from China Summit

 

 

 

Serbia is hoping for an economic boost from infrastructure projects that will be discussed at a summit of leaders from China and central and eastern Europe in Belgrade this week.

Read more: Serbia Awaits Benefits from China Summit

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