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International Information Centre for Balkan Studies



Serbia's New Finance Minister Unveils Reform Plan

 

 

 

Dusan Vujovic says Serbia's economic reform will be based on 'four pillars' that will show results within a year and put the country back on the road to financial stability.

Read more: Serbia's New Finance Minister Unveils Reform Plan

PM Ponta hails adopting by European Commission of Partnership Agreement

 

 

 

Romanian Prime Minister Victor Ponta on Wednesday hailed the announcement made by the European Commission regarding the adoption of the Partnership Agreement, also declaring that this fact enables Romania to launch the procedures for the absorption of the EU funds allotted over the next seven years.

Read more: PM Ponta hails adopting by European Commission of Partnership Agreement

Turkish stock market gains 40% in six months

 

 

 

In the first seven months of the year, Turkish stock market shares outstripped all other investment instruments such as gold, foreign currency and interest in terms of profit. To see how the difference emerged, let’s first take a look at the seven-month performance of investment instruments.

Read more: Turkish stock market gains 40% in six months

Hypo Alpe Adria Bank Faces Trial in Montenegro

 

 

 

The trial of the bank is to start next week in Montenegro after it refused to convert the loans of clients taken out in Swiss francs to euro.

Read more: Hypo Alpe Adria Bank Faces Trial in Montenegro

Greece: Brussels considers scrapping the troika

 

 

 

Provided no further financial aid is needed, a more relaxed Task Force would take over, while giving Athens greater freedom over reforms.

Read more: Greece: Brussels considers scrapping the troika

Croatia won't hit budget deficit target

 

 

 

Croatia will not be able to meet a budget deficit target agreed with the European Commission for this year because of high public spending, Prime Minister Zoran Milanovic said on Friday (1 August 2014).

Read more: Croatia won't hit budget deficit target

Moody’s Upgrades Greece’s Credit Rating

 

 

 

According to AP Moody’s ratings agency on 01.07.2014 upgraded Greece ‘s government bond rating, predicting a gradual decline of its massive national debt.

Read more: Moody’s Upgrades Greece’s Credit Rating

Bulgaria, Westinghouse Sign Shareholders' Agreement on Unit 7

 

 

 

Bulgaria's government announced Thursday a shareholders' agreement was signed with US-based Company Westinghouse on the construction of Kozloduy NPP's Unit 7.

Read more: Bulgaria, Westinghouse Sign Shareholders' Agreement on Unit 7

Croatia External Debts Hits All-time High

 

 

 

Debt level now exceeds country’s GDP, and the upward trend looks set to continue.

Read more: Croatia External Debts Hits All-time High

Sanctions against Russia to have major effect on Greek exports

 

 

 

The Russian embargo on imports of fruit and vegetables from Poland may be detrimental for Greek agriculture.

Read more: Sanctions against Russia to have major effect on Greek exports

Greece: DESFA sale to the Azerbaijani SOCAR nearly complete

 

 

 

European Commission approves the certification of the natural gas transmission network.

Read more: Greece: DESFA sale to the Azerbaijani SOCAR nearly complete

Romania receives 24.67 billion euros from EU and pays 10.2 billion euros after accession

 

 

 

Romania received from the European Union (EU) budget 24.67 billion euros since the accession in 2007 until the end of the first semester of 2014 and paid to the EU 10.2 billion euros in the same period, the flow balance being in Romania's favour with 14.46 billion euros, according to the Report on the economic and budget situation on the first six months of 2014 drawn up by the Public Finance Ministry (MFP).

Read more: Romania receives 24.67 billion euros from EU and pays 10.2 billion euros after accession

Bulgaria: CPC Hits Bulgargaz with Record Fine

 

 

 

Bulgaria's Commission for Protection of Competition (CPC) imposed the record fine of over BGN 23 M on Bulgaria's state-owned gas supplier Bulgargaz, reports BGNES wire service.

Read more: Bulgaria: CPC Hits Bulgargaz with Record Fine

Croatian Tourism Dips Worryingly in July

 

 

 

As reports emerge of a disappointing drop in visitors in many areas in July, some blame the bad weather and others, management issues.

Read more: Croatian Tourism Dips Worryingly in July

Athens wants ECB stress tests to factor in banks' restructuring plans

 

 

 

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official said on Monday (28 July, 2014).

Read more: Athens wants ECB stress tests to factor in banks' restructuring plans

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