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International Information Centre for Balkan Studies



Iraq crisis hits Turkish economy

 

 

 

Iraq is Turkey's potentially most lucrative market in the world. According to data from the Assembly of Exporters, Germany and Iraq occupy the top two slots for consumption of Turkish imports. Last year, Turkey's exports to Germany totaled $13.3 billion, while those to Iraq amounted to $11.9 billion.

Read more: Iraq crisis hits Turkish economy

Greece: ELSTAT- Industrial turnover index shrinks 9.8% in April

 

 

 

The Statistics Authority's latest data shows how the negative trend from 2012-2013 carried into 2013-2014.

Read more: Greece: ELSTAT- Industrial turnover index shrinks 9.8% in April

Croatia Seeks to Boost Oil and Gas Extraction

 

 

 

Economy Minister Ivan Vrdoljak said that Croatia needed to exploit potential oil and gas resources in the Adriatic Sea and on shore in order to increase supply and aid economic recovery.

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Financial sector spurs Turkish economic growth

Turkey’s economy grew a surprising 4.3% in the first quarter of the year, beating the projections of the International Monetary Fund and the World Bank — 2.3% and 2.4%, respectively — and outpacing European Union countries, whose economies grew an average of 0.3%.

Read more: Financial sector spurs Turkish economic growth

Romania’s Veteran Bank Chief Reappointed

 

 

 

Romania's parliament has given Mugur Isarescu another five-year mandate to run the national bank, making him the world's longest serving central bank chief.

Read more: Romania’s Veteran Bank Chief Reappointed

Macedonia: Construction Powers Strong Growth

 

 

 

Macedonia’s economy grew by 3.9 per cent in the first quarter of this year, the State Statistical Office has announced, matching optimistic official predictions.

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Romanians Abroad Send More Cash Home

Romanians working outside the country sent home 10 per cent more money in remittances last year than they did in 2012, the National Bank said.

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Bulgarian Railway Co Prepares Varna-Bucharest High-Speed Train Project

 

 

 

A project for a high-speed train connecting Bulgaria's Varna to Romania's Bucharest is being prepared at the National Railway Infrastructure Company.

Read more: Bulgarian Railway Co Prepares Varna-Bucharest High-Speed Train Project

Bulgaria-Greece Makaza Border Crossing Point to Get 2 Extra Lanes for Trucks

 

 

 

Biser Nikolov, District Governor of Karzdhali, has requested two extra lanes for freight vehicles at the Makaza border crossing point.

Read more: Bulgaria-Greece Makaza Border Crossing Point to Get 2 Extra Lanes for Trucks

S&P Cuts Bulgaria's Rating to BBB-

 

 

 

Standard and Poor's Ratings Services cut Bulgaria's sovereign credit ratings by one notch to BBB- on Friday (13.06.2014). 

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IMF Puts Fresh Accord with Romania on Hold

 

 

 

The International Monetary Fund, IMF, has postponed its review of Romania’s precautionary agreement to the autumn, seeking details about the 2015 budget.

Read more: IMF Puts Fresh Accord with Romania on Hold

Goldman Sachs: “ECB to give Greek banks 21 billion euros”

 

 

 

Cheap funding will be made available by using the 139 billion euros worth of loans as guarantee.

Read more: Goldman Sachs: “ECB to give Greek banks 21 billion euros”

Romania to Axe Almost Half its Railways

 

 

 

Romania has announced plans to close almost half of the country's entire railway network in order to cut costs.

Read more: Romania to Axe Almost Half its Railways

Macedonia Shrugs over Halt to South Stream Pipeline

 

 

 

The halt to construction of the Russian-led South Stream gas pipeline poses no immediate threat to Macedonia’s gas supply, experts say. Macedonian industry is not in danger of suffering from a shortage of gas as a result of the halt to construction of the South Stream pipeline in the region, experts say. 

Read more: Macedonia Shrugs over Halt to South Stream Pipeline

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