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International Information Centre for Balkan Studies



EU, Russia to set up task force on South Stream

 

 

 

On 17 January 2014, European Commissioner for Energy Günther Oettinger met Russian Energy Minister Alexander Novak in Moscow and both sides agreed to set up a task force to discuss all the legal and technical issues, relating to the South Stream natural gas pipeline.

Read more: EU, Russia to set up task force on South Stream

IMF Mission Poses Test for Romania

An IMF audit mission will evaluate Romania’s economic performance as it attempts to meet budgetary goals after the country’s president blocked a new fuel tax.

Read more: IMF Mission Poses Test for Romania

Bulgaria's National Electric Company Entangled in Debt

 

 

 

B by the end of 2013, according to the Economy and Energy Minister Dragomir Stoynev.

Read more: Bulgaria's National Electric Company Entangled in Debt

National Bank of Romania: Current account deficit drops to 1.3 billion

 

 

 

The current account of the balance of payments over January-November 2013 registered a deficit amounting to 1.32 billion euros from 5.39 billion euros in the same time span of 2012, reads a release the National Bank of Romania (BNR) sent to Agerpres news agency on 17.01.2013.

Read more: National Bank of Romania: Current account deficit drops to 1.3 billion

Bulgaria's State-Owned Arms Trader Kintex to Double Exports in 2014

Bulgarian state-owned arms trader Kintex expects its exports to double in 2014, according to a media statement of the Ministry of Economy and Energy.

Read more: Bulgaria's State-Owned Arms Trader Kintex to Double Exports in 2014

Greece highlights eurozone deflation risk

Consumer prices rose by an average of 0.3 percent in 2013 in Portugal and fell by 0.9 percent in Greece, according to data released on 13.01.2013, showing the risk of deflation in the eurozone periphery remains real.

Read more: Greece highlights eurozone deflation risk

Greece: A narrow margin of additional public expenditure

Revenues to exceed spending by 950 mln euros, allowing for the use of 70 pct of that for social policies.

Read more: Greece: A narrow margin of additional public expenditure

Turkish Government calls for institutional cooperation to speed up TANAP

The Prime Minister's Office published a notice in the Official Gazette on Tuesday (14.01.2014) calling on all relevant institutions to work together to speed up the Trans-Anatolian Pipeline (TANAP) project.

Read more: Turkish Government calls for institutional cooperation to speed up TANAP

Bulgaria-China Economic Relations

On a trade visit to Beijing, Bulgarian President praises growing economic ties with Asian superpower.

Read more: Bulgaria-China Economic Relations

Greece stresses its role as EU’s energy hub

 

 

 

Greece, holding the rotating presidency of the EU until June, said it would promote the enhancement of energy security in the 28-country bloc and fully support the European Commission’s approach to Russian energy giant Gazprom.

Read more: Greece stresses its role as EU’s energy hub

Bulgaria Announces Focus on Asia as Export Destination

 

 

 

Bulgaria's Economy and Energy Minister, Dragomir Stoynev, has announced that the State was going to focus on directing its exports to Asia.

Read more: Bulgaria Announces Focus on Asia as Export Destination

New tax package in Albania, all the details

IBNA Analysis/State budget and new tax package were voted by the left wing majority without the votes of the opposition, they come into effect on January 1, 2014

Read more: New tax package in Albania, all the details

Bulgarian Cabinet Plans Major Reshuffles in Energy Sector

 

 

 

The Bulgarian cabinet is currently working on a new action plan for thoroughly revamping the country's state energy sector.

Read more: Bulgarian Cabinet Plans Major Reshuffles in Energy Sector

Montenegro Airlines Cuts Costs to Tackle Debt

The Montenegrin national carrier has implemented further cost-cutting measures after it discovered that it had even more debt than it previously believed.

Read more: Montenegro Airlines Cuts Costs to Tackle Debt

Lukoil Deal Makes Bulgaria Largest Eastern Europe Refiner

Lukoil’s Bulgarian subsidiary has secured a USD 570 M line of credit to finance the modernization of the Black Sea Burgas refinery and add a hydrocracking unit to boost refining output.

Read more: Lukoil Deal Makes Bulgaria Largest Eastern Europe Refiner

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