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International Information Centre for Balkan Studies



Romanian Freight Rail Company Sheds Staff

 

 

 

One third of the employees at the Romanian railway freight company, CFR Marfa, are to be made redundant following restructuring plans.

Read more: Romanian Freight Rail Company Sheds Staff

Bulgaria Scraps Commercial Bank’s License

 

 

 

National bank says it is to withdraw the license of one of the banks hit by a recent run on its savings - after uncovering that money is missing.

Read more: Bulgaria Scraps Commercial Bank’s License

Italian EU presidency backs South Stream

 

 

 

The Italian EU presidency is in favour of a controversial Russian pipeline, South Stream, which would circumvent Ukraine to bring gas to south-east Europe.

Read more: Italian EU presidency backs South Stream

Строительством «Южного потока» в Сербии займется структура «Газпрома»

 

 

 

Дочерняя компания «Газпрома» — ОАО «Центргаз» — будет строить участок газопровода «Южный поток» в Сербии. Как говорится в сообщении газовой монополии, South Stream d.o.o. заключила контракт с «Центргазом», который займется проектированием, поставкой оборудования и материалов, строительно-монтажными работами, обучением персонала и вводом в эксплуатацию газопровода на территории Сербии.

Read more: Строительством «Южного потока» в Сербии займется структура «Газпрома»

PM Oresharski: South Stream 'Very Important' to Bulgaria

 

 

 

Bulgaria has marked significant progress in carrying out the South Stream project since the current government started its term, the country's Prime Minister asserted Monday (07.07.2014).

Read more: PM Oresharski: South Stream 'Very Important' to Bulgaria

Fitch Affirms Bulgaria at 'BBB-'; Outlook Stable

 

 

 

Fitch Ratings has affirmed Bulgaria's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB-' and its Long-term local currency IDR at 'BBB'.

Read more: Fitch Affirms Bulgaria at 'BBB-'; Outlook Stable

Turkey assesses losses from Iraqi market

 

 

 

Official and non-official bodies involved with foreign trade are trying to calculate the losses sustained by the Turkish economy following the operations by the Islamic State of Iraq and al-Sham (ISIS, now also known as the Islamic State) in Iraq and predict what is to come.

Read more: Turkey assesses losses from Iraqi market

Construction Begins on Kosovo-Macedonia Highway

 

 

 

At a ceremony to mark the beginning of the construction of a highway connecting Pristina and Skopje, Kosovo and Macedonian officials said it would bring Albanians in both countries closer.

Read more: Construction Begins on Kosovo-Macedonia Highway

Croatia fails to reap fruits one year after joining EU

 

 

 

One year ago, Croatia joined the European Union with great fanfare, sparking hopes that membership of the rich 28-nation bloc would transform the fortunes of the tourism-dependent economy.

Read more: Croatia fails to reap fruits one year after joining EU

Bulgaria: European Commission Approves Liquidity Support Scheme for Banks

 

 

 

The European Commission approved a liquidity support scheme for Bulgarian banks to the tune of BGN 3.3 B, said the Commission in a press statement.

Read more: Bulgaria: European Commission Approves Liquidity Support Scheme for Banks

Croatia’s Agrokor Takes Over Slovenian Rival

 

 

 

Agrokor, Croatia’s largest retail company has bought a majority share in its rival Mercator, Slovenia's best-known food retail brand, in a deal reportedly worth 550 million euro.

Read more: Croatia’s Agrokor Takes Over Slovenian Rival

Greek ELSTAT report documents wage cuts since the bailout

 

 

 

Wages appear to have stabilized in the first semester of 2014, after a four-year plunge.

Read more: Greek ELSTAT report documents wage cuts since the bailout

Romanians and Greeks work the hardest in Europe

 

 

 

A new study has defied stereotypes by showing that Romanian and Greek people are among the hardest working in Europe.

Read more: Romanians and Greeks work the hardest in Europe

Real estate sales boom as Turkey opens to foreign buyers

 

 

 

Turkey is currently witnessing an explosion in sales of land, housing and office space to foreigners.

Read more: Real estate sales boom as Turkey opens to foreign buyers

EU to host donor conference for flood-stricken Balkans

 

 

 

The European Commission will host a donors' conference in Brussels on 16 July, in order to mobilise further support to Serbia and Bosnia and Herzegovina following the recent floods there, the EU executive announced.

Read more: EU to host donor conference for flood-stricken Balkans

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