Serbia's New Finance Minister Unveils Reform Plan
- Details
- Category: Economy
- Published on Wednesday, 06 August 2014 14:47
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
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- Category: Economy
- Published on Wednesday, 06 August 2014 14:45
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
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- Category: Economy
- Published on Wednesday, 06 August 2014 09:44
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.
Hypo Alpe Adria Bank Faces Trial in Montenegro
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- Category: Economy
- Published on Tuesday, 05 August 2014 12:13
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.
Greece: Brussels considers scrapping the troika
- Details
- Category: Economy
- Published on Tuesday, 05 August 2014 12:10
Provided no further financial aid is needed, a more relaxed Task Force would take over, while giving Athens greater freedom over reforms.
Croatia won't hit budget deficit target
- Details
- Category: Economy
- Published on Saturday, 02 August 2014 08:54
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).
Moody’s Upgrades Greece’s Credit Rating
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- Category: Economy
- Published on Saturday, 02 August 2014 08:24
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.
Bulgaria, Westinghouse Sign Shareholders' Agreement on Unit 7
- Details
- Category: Economy
- Published on Friday, 01 August 2014 10:40
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
- Details
- Category: Economy
- Published on Thursday, 31 July 2014 12:14
Debt level now exceeds country’s GDP, and the upward trend looks set to continue.
Sanctions against Russia to have major effect on Greek exports
- Details
- Category: Economy
- Published on Thursday, 31 July 2014 09:56
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
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- Category: Economy
- Published on Thursday, 31 July 2014 09:55
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
- Details
- Category: Economy
- Published on Wednesday, 30 July 2014 15:27
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
- Details
- Category: Economy
- Published on Wednesday, 30 July 2014 15:23
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.
Croatian Tourism Dips Worryingly in July
- Details
- Category: Economy
- Published on Wednesday, 30 July 2014 15:17
As reports emerge of a disappointing drop in visitors in many areas in July, some blame the bad weather and others, management issues.
Athens wants ECB stress tests to factor in banks' restructuring plans
- Details
- Category: Economy
- Published on Wednesday, 30 July 2014 08:39
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
