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International Information Centre for Balkan Studies



Bulgarian Energy Holding 'Awaiting BGN 1.45 B' from Subsidiaries

 

 

 

State-owned Bulgarian Energy Holding (BEH) has to collect a total of BGN 1.45 B of trade receivables and loans it has given out to filian companies, its interim 2014 report says.

Read more: Bulgarian Energy Holding 'Awaiting BGN 1.45 B' from Subsidiaries

Bosnia Federation Eyes 2015 Start to Oil Digs

 

 

 

Bosnia's Federation Energy Ministry says he expects digs for oil in the entity to start next year - amid hopes that significant findings could revive the economically stagnant country.

Read more: Bosnia Federation Eyes 2015 Start to Oil Digs

Bosnia, Serbia Plan Closer Economic Ties

 

 

 

Serbian Prime Minister Aleksandar Vucic and Bosnian Foreign Minister Zlatko Lagumdzija met in Belgrade to discuss trade ties and joint infrastructure projects that need EU funding.

Read more: Bosnia, Serbia Plan Closer Economic Ties

Romania Weighs Cost of Russian Import Ban

 

 

 

Russia's decision to ban imports of food from the EU is impacting on Romania, which normally exports 40 million euro of foodstuffs there each year.

Read more: Romania Weighs Cost of Russian Import Ban

Serbia assures EU it will not exploit Russian food ban

 

 

 

Under pressure from the EU to come clean following controversial statements from a member of his government, Serbian Prime Minister Aleksandar Vučić stated Friday (22 August) that his country had no intention of profiting from the Russian embargo on imported Western food. EurActiv Sebia reports.

Read more: Serbia assures EU it will not exploit Russian food ban

We'd expect Bulgaria to suspend construction of South stream gas pipeline, Commission says

The European Commission said on Thursday (21.08.2014) that it was aware of a video published by EurActiv's partner in Bulgaria Dnevnik, showing that room is made at the Varna harbour in Bulgaria for the pipes to be used for the construction of the South Stream gas pipeline.

Read more: We'd expect Bulgaria to suspend construction of South stream gas pipeline, Commission says

Banks drag Athens bourse benchmark 2.51 pct lower

 

 

 

Bucking trends elsewhere in Europe, Greek equities came under strong pressure on Monday (18.08.2014), following four straight winning sessions.

Read more: Banks drag Athens bourse benchmark 2.51 pct lower

Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East

 

 

 

Bulgaria will launch talks with green energy producers and power stations Maritsa Iztok 1 and 3 to draft a new model for setting electricity prices, a cabinet minister has said.

Read more: Bulgaria Plans Pricing Talks with Green Energy Producers, Maritza East

EU Tells Serbia Not to Exploit Russian Embargo

 

 

 

Brussels has warned EU candidate countries against exploiting the Russian embargo on EU food imports to their own advantage.

Read more: EU Tells Serbia Not to Exploit Russian Embargo

Immigrants Massively Leaving Greece

 

 

 

Many immigrants who once chose Greece as a destination for a better future are massively returning to their homeland, as they are unable to find a job.

Read more: Immigrants Massively Leaving Greece

Will Turkey face another credit rating downgrade?

 

 

 

Two days before Turkey’s Aug. 10 (2014) presidential elections, the Moody’s credit rating agency was due to issue its regular review of Turkey. Earlier assessments had prompted anticipation that the agency, which had raised Turkey to investment grade (Baa3) in May 2013, could now downgrade the country.

Read more: Will Turkey face another credit rating downgrade?

Bulgaria’s June C/A surplus grows

 

 

 

Bulgaria’s current and capital account showed a surplus of EUR 582.4 M in June, compared with a surplus of EUR 244.8 M in June 2013, the Bulgarian National Bank said on Thursday (14.08.2014).

Read more: Bulgaria’s June C/A surplus grows

Greece: Ministry sys ‘no’ to debt collection agencies

 

 

 

Greece is to continue to resist calls from the International Monetary Fund to have a private collection agency to chase up millions of Euros in unpaid social security contributions, Kathimerini daily reveals.

Read more: Greece: Ministry sys ‘no’ to debt collection agencies

Greece to offer law on restructuring bad loans next month

 

 

 

According to Bloomberg Greece’s government will draft a new legal framework by early September for restructuring non-performing loans.

Read more: Greece to offer law on restructuring bad loans next month

Turkey ups Russian gas purchases amid drought

 

 

 

Turkey increased its purchase of Russian gas by 9 percent in the first half of 2014 year-on-year, exceeding a 2.5 percent rise in the amount of gas purchased by all other European customer countries in the same period, an increase resulting from greater demand for natural gas in Turkey's electricity production.

Read more: Turkey ups Russian gas purchases amid drought

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