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International Information Centre for Balkan Studies



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

Montenegro Marina Gets New Luxury Hotel

The continuing expansion of super-yacht marina Porto Montenegro is to be given a further boost with the opening of a new luxury hotel this week.

Read more: Montenegro Marina Gets New Luxury Hotel

Croatia Fails to Clinch INA Deal with Hungarians

 

 

 

Croatia’s hopes of buying back shares owned by Hungary’s MOL in the energy company INA received a setback last week.

Read more: Croatia Fails to Clinch INA Deal with Hungarians

Turkey OKs South Stream amid EU sanctions

 

 

 

The Ministry of Environment and Urban Planning approved the environmental impact report (ÇED) for Turkey's segment of the South Stream Offshore Pipeline, according to a statement by South Stream on Thursday (24.07.2014); however, proposed EU sanctions against Russia threaten to halt the project.

Read more: Turkey OKs South Stream amid EU sanctions

Montenegro 'Interested' in South Stream Pipeline - EconMin

 

 

 

Montenegro's Economy Minister Vladimir Kavaric announced that his country desired to be included in the South Stream gas pipeline project.

Read more: Montenegro 'Interested' in South Stream Pipeline - EconMin

Romania Moves Forward With New Nuclear Reactors

 

 

 

Two new nuclear reactors are to be built up in Romania under a deal inked on Thursday with Canadian and Chinese investors.

Read more: Romania Moves Forward With New Nuclear Reactors

Romania to Sue Italy's Enel Over Failed Sale

 

 

 

The Romanian government is to sue Italian group Enel at the International Court of Arbiration over the collapse of the sale of an energy company.

Read more: Romania to Sue Italy's Enel Over Failed Sale

Bulgarian Industrial Assoc. Hints at Negative GDP Growth by end-2014

 

 

 

Bozhidar Danev, Chair of the Bulgarian Industrial Association (BIA), has suggested that the country may close the year with negative economic growth.

Read more: Bulgarian Industrial Assoc. Hints at Negative GDP Growth by end-2014

Greece: Crisis Will Return if Reforms Are not Implemented

 

 

 

The Greek economy will expand by 0.7 percent this year but it risks slipping back into the mire of the recent crisis years unless the reforms are implemented, the Foundation for Economic and Industrial Research (IOBE) warned in its quarterly report published on Wednesday (22.07.2014).

Read more: Greece: Crisis Will Return if Reforms Are not Implemented

Turkish shares at highest since May 2013, lira stronger

 

 

 

Turkish shares rose to their highest since May 2013 on Wednesday (23.07.2014) and the lira hit its strongest since mid-June as risk aversion eased and after the economy minister forecast Turkey's current deficit would fall by more than expected this year.

Read more: Turkish shares at highest since May 2013, lira stronger

Greece: Public debt estimated at 314.8 billion euros in first quarter of 2014

 

 

 

ELSTAT publishes its latest data on the Greek public debt.

Read more: Greece: Public debt estimated at 314.8 billion euros in first quarter of 2014

Bulgaria's State Debt Rose by BGN 1 B in June

 

 

 

Bulgaria's state debt as of end of June 2014 has reached EUR 8.11 B, shows the monthly state debt bulletin of the Finance Ministry. 

Read more: Bulgaria's State Debt Rose by BGN 1 B in June

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