Croatia’s Agrokor Takes Over Slovenian Rival
- Details
- Category: Economy
- Published on Friday, 27 June 2014 11:52
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.
Greek ELSTAT report documents wage cuts since the bailout
- Details
- Category: Economy
- Published on Friday, 27 June 2014 11:49
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
- Details
- Category: Economy
- Published on Thursday, 26 June 2014 15:48
A new study has defied stereotypes by showing that Romanian and Greek people are among the hardest working in Europe.
Real estate sales boom as Turkey opens to foreign buyers
- Details
- Category: Economy
- Published on Thursday, 26 June 2014 07:06
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
- Details
- Category: Economy
- Published on Wednesday, 25 June 2014 06:50
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
Croatia Expects Record Level of Tourism Income
- Details
- Category: Economy
- Published on Tuesday, 24 June 2014 14:51
Croatia’s ministry of tourism said this year's income should surpass the current record high of 2008, when the country earned 7.4 billion euro from the tourist trade.
Albania Settles Czech Power Company Dispute
- Details
- Category: Economy
- Published on Tuesday, 24 June 2014 14:50
The Albanian government has settled a costly dispute with the Czech energy giant CEZ over the ownership of a local power utility, CEZ Shperndarje.
Greece: Ministry of Finances announces primary surplus and budget deficit
- Details
- Category: Economy
- Published on Tuesday, 24 June 2014 14:46
Primary surplus of 707 million euros is coupled with a budget deficit of nearly 2 billion euros.
Read more: Greece: Ministry of Finances announces primary surplus and budget deficit
Gazprom, OMV Sign Deal on South Stream Austria amid Putin Visit
- Details
- Category: Economy
- Published on Tuesday, 24 June 2014 14:45
Russian concern Gazprom struck Monday (23.06.2014) an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.
Read more: Gazprom, OMV Sign Deal on South Stream Austria amid Putin Visit
Turkey cuts main interest rate, resists pressure for sharp move
- Details
- Category: Economy
- Published on Tuesday, 24 June 2014 14:44
Turkey's central bank cut its main interest rate slightly more than expected on Tuesday (24.06.2014), but stopped short of jeopardising its credibility with the sort of deeper move sought by Prime Minister Tayyip Erdoğan ahead of an August election.
Read more: Turkey cuts main interest rate, resists pressure for sharp move
Romania to Cut Tax on Firms over IMF Objections
- Details
- Category: Economy
- Published on Saturday, 21 June 2014 12:25
Despite the objections of the country's key international lender, the center-left government is pushing ahead with plans to cut social security taxes on employers.
Greek, Chinese leaders vow to deepen strategic ties
- Details
- Category: Economy
- Published on Saturday, 21 June 2014 12:24
Prime Minister Antonis Samaras and Chinese Premier Li Keqiang on Friday (20.06.2014) issued a joint statement pledging to boost strategic bilateral ties following a visit by the two men to Piraeus, where Chinese shipping giant Cosco is seeking to expand its presence and which Li said could become “China’s gateway to Europe.”
Read more: Greek, Chinese leaders vow to deepen strategic ties
Bulgaria Hands Over BSEC Presidency to Greece
- Details
- Category: Economy
- Published on Saturday, 21 June 2014 12:23
Bulgaria handed over the Presidency of the Black Sea Economic Cooperation Organization (BSEC) to Greece, who will assume the role from July 1 until the end of the year.
Bosnia Flood Bill Likely to be 2 Billion Euro
- Details
- Category: Economy
- Published on Friday, 20 June 2014 16:39
EU needs assessment says Bosnia will likely need 2 billion euro to repair the damage caused by the May floods - which the Foreign Minister noted was four times the annual budget.
Iraq crisis hits Turkish economy
- Details
- Category: Economy
- Published on Friday, 20 June 2014 16:27
Iraq is Turkey's potentially most lucrative market in the world. According to data from the Assembly of Exporters, Germany and Iraq occupy the top two slots for consumption of Turkish imports. Last year, Turkey's exports to Germany totaled $13.3 billion, while those to Iraq amounted to $11.9 billion.
