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International Information Centre for Balkan Studies



Greece offers concession with sale of Piraeus port

 

 

 

Greece on Thursday (14 May, 2015) offered a concession to its international lenders by pushing ahead with the sale of its biggest port, Piraeus.

Read more: Greece offers concession with sale of Piraeus port

EU, Turkey to update customs union

 

 

 

The EU and Turkey agreed to update a 20-year-old customs union on Tuesday (12.05.2015), while Brussels promised to address Ankara's concerns about a huge European trade deal with the United States.

Read more: EU, Turkey to update customs union

Greece avoids default with IMF payment but warns of imminent crisis

 

 

 

Greece narrowly averted a default Tuesday (12.05.2015) that could have seen it crashing out of the euro, but warned it faced another cash crunch within two weeks without a bailout deal with its EU financiers.

Read more: Greece avoids default with IMF payment but warns of imminent crisis

Bundesbank chief rips into ECB over Greek loans

 

 

 

The head of Germany's Bundesbank ripped into the European Central Bank on Thursday, saying emergency funding for Greek banks broke the taboo of financing governments and it was not up to central banks to decide who was or wasn't in the euro zone.

Read more: Bundesbank chief rips into ECB over Greek loans

Greece in 'advanced talks' with Cosco on Piraeus port

 

 

 

Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus, the Greek defence minister said on Friday (15.05.2015).

Read more: Greece in 'advanced talks' with Cosco on Piraeus port

Greece says EBRD deal worth up to 500 million euros a year

 

 

 

A newly-signed investment deal between Greece and the European Bank for Reconstruction and Development (EBRD) is worth up to 500 million euros a year, the country said on Thursday (14.05.2015).

Read more: Greece says EBRD deal worth up to 500 million euros a year

US discourages Greece from Turkish Stream

 

 

 

The United States wants Greece to focus on the Western-backed TAP pipeline project rather than the rival Gazprom-favoured project Turkish Stream, a US special envoy said.

Read more: US discourages Greece from Turkish Stream

Croatia Handed Six Tasks to Iron Out Economy

 

 

 

The European Commission will not be tightening monitoring of Croatia's macroeconomic imbalances - but gave Zagreb a list of six economic recommendations to work on.

Read more: Croatia Handed Six Tasks to Iron Out Economy

Romania’s Economic Recovery Gathering Speed

 

 

 

New statistical data appear to show that the country's economic recovery is gathering pace.

Read more: Romania’s Economic Recovery Gathering Speed

Is Turkish Stream a pipe dream?

 

 

 

Turkish-Russia ties were strained in an unprecedented manner recently after President Vladimir Putin gave strong support to the widespread belief that the Armenian massacres during World War I were genocide, which Turkey officially rejects, and attended the commemorations in Yerevan to mark the centenary of the event.

Read more: Is Turkish Stream a pipe dream?

Bosnian Economy Starting to Recover, IMF Says

 

 

 

After a two-week mission to Bosnia, the International Monetary Fund said it was more optimistic about the economy - although fresh financial assistance would still depend on reforms.

Read more: Bosnian Economy Starting to Recover, IMF Says

Gazprom and Turkey agree pipeline date

 

 

 

Russia and Turkey went a step further on Thursday (7 May 2015) towards building the Turkish Stream gas pipeline. 

Gazprom and Ankara agreed to start delivering gas to the Turkish market at the end of next year.

Read more: Gazprom and Turkey agree pipeline date

Montenegro Debt Level Hits New Record

 

 

 

Montenegro's government debt has reached a new peak over the past 12 months, rising by 25 per cent to almost 70 per cent of GDP - following regular hikes in public spending.

Read more: Montenegro Debt Level Hits New Record

'Happy surprise' as Greece receives invitation to join BRICS bank

 

 

 

Greece has been invited to become a member of the development bank of the BRICS economies, including Russia and China, which is seeking to become a counterweight to the IMF, a move welcomed by Prime Minister Alexis Tsipras as "a happy surprise".

Read more: 'Happy surprise' as Greece receives invitation to join BRICS bank

EU Suspends Funds For Romania Citing Fraud Concerns

 

 

 

The European Union has suspended some 1 billion euro in funding for Romanian projects, concerned about financial irregularities in a number of planned projects.

Read more: EU Suspends Funds For Romania Citing Fraud Concerns

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