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International Information Centre for Balkan Studies



Bulgaria's NEK at Record Loss in 2013

 

 

 

State-owned National Electricity Company (NEK) registered a record loss of BGN 338 M (EUR 169 M) last year, sources in the Ministry of Economy and Energy say.

Read more: Bulgaria's NEK at Record Loss in 2013

Greece: Labor Ministry to announce 50,000 community service jobs

 

 

 

The community service employment program is designed for the unemployed who have registered with OAED.

Read more: Greece: Labor Ministry to announce 50,000 community service jobs

IMF to decide on 3.5 billion euro loan installment to Greece

 

 

 

Poul Thomsen notes that despite the progress achieved, there are concerns over the Greek program's future.

Read more: IMF to decide on 3.5 billion euro loan installment to Greece

Macedonia's Spending Hike Fuels Debt Concerns

 

 

 

In the first four months of this year alone, Macedonia spent two-thirds of its predicted budget deficit for the entire 2014, prompting fears of a further unplanned increase in the debt.

Read more: Macedonia's Spending Hike Fuels Debt Concerns

Albania Eyes Gasification Via TAP Pipeline

 

 

 

Albania’s state oil company, Albpetrol, has applied to reserve to 1.2 billion cubic meters of natural gas per year from the Trans-Adriatic Pipeline, TAP.

Read more: Albania Eyes Gasification Via TAP Pipeline

Barroso warns Bulgaria on South Stream

 

 

 

Speaking after the EU summit held yesterday (27 May), Commission President José Manuel Barroso made it plain that the EU executive would impose infringements on Bulgaria regarding the Gazprom-favoured South Stream pipeline, the construction of which is about to begin in breach with EU laws.

Read more: Barroso warns Bulgaria on South Stream

Albania’s Beaches Dirtiest in Europe, Report Says

 

 

 

A report by the European Environmental Agency, EEA, ranks Albania’s bathing sites as having the poorest quality in Europe among 29 countries monitored in 2013.

Read more: Albania’s Beaches Dirtiest in Europe, Report Says

World Bank Hails Economic Growth in Macedonia

 

 

 

Macedonia’s economy recovered faster last year than any other in Southeast Europe, the World Bank said in its latest annual report.

Read more: World Bank Hails Economic Growth in Macedonia

Greece: Ministry of Finances preparing new debt settlement proposal

Government will ask permission from the troika to increase the number of installments for outstanding debt.

Read more: Greece: Ministry of Finances preparing new debt settlement proposal

Greece: Ministry of Finances reports €1.046bn primary surplus for Jan-Apr 2014

 

 

 

Concerns have been raised over the 1,035 million euro shortfall (7.1%) in net revenue from regular budget.

Read more: Greece: Ministry of Finances reports €1.046bn primary surplus for Jan-Apr 2014

Fitch Ratings upgrades Greece’s credit rating to “B”

 

 

 

Credit rating agency is first to upgrade Greek rating since primary surplus confirmation.

Read more: Fitch Ratings upgrades Greece’s credit rating to “B”

Bulgarian Deputy PM Expects EUR 500 M Worth Deals with Italy

 

 

 

Around EUR 500 M of Italian investment could be poured into Bulgaria, Deputy Prime Minister Daniela Bobeva said after her meeting with business union representatives.

Read more: Bulgarian Deputy PM Expects EUR 500 M Worth Deals with Italy

Turkey central bank cuts key rate amid pressure from Erdoğan

 

 

 

Turkey's central bank surprised markets with its first rate cut in a year on Thursday, weeks after Prime Minister Recep Tayyip Erdoğan called for rates to fall - reviving questions about political pressure on the bank.

Read more: Turkey central bank cuts key rate amid pressure from Erdoğan

Bank of Greece reports influx of 288 million euros in investments

Central bank announces details on foreign investments in Greek enterprises in first quarter of 2014.

Read more: Bank of Greece reports influx of 288 million euros in investments

Bulgaria to Allocate Over BGN 3 B to Regional Development in 2014-2020

 

 

 

A total of over BGN 3 B will be allocated to regional growth in the new programming period 2014-2020, according to Bulgarian Regional Development Minister Desislava Terzieva.

Read more: Bulgaria to Allocate Over BGN 3 B to Regional Development in 2014-2020

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