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International Information Centre for Balkan Studies



Eurogroup voices suspicion over Greece: "further work is needed”

Greece was again the main topic of the Eurogroup finance ministers, who met on Monday 27 January 2014 in Brussels before of a meeting of all 28 EU finance ministers on Tuesday. 

Read more: Eurogroup voices suspicion over Greece: "further work is needed”

Lira melts 29 percent against dollar in 9 months

 

 

 

Pummeled by lingering domestic political tension and a US plan to cut monthly money stimulus, the Turkish lira has suffered serious losses against foreign currencies, particularly the US dollar, losing 29 percent of its value against the greenback since May.

Read more: Lira melts 29 percent against dollar in 9 months

Serbian Finance Minister: Budget Gap, Public Debt Lower Than Planned

 

 

 

Serbian Finance Minister Lazar Krstic has stated that the deficit in the consolidated Serbian budget had been RSD179 billion at 2013's end, which is approximately 20 billion less than planned in the budget overhaul.

Read more: Serbian Finance Minister: Budget Gap, Public Debt Lower Than Planned

Romania, Turkey sign memorandum on electric energy transport

 

 

 

Minister-delegate for Energy Constantin Nita and Turkish Minister of Energy and Natural Resources Taner Yildiz signed a Memorandum of Understanding on cooperation in the development of interconnections in the electric energy sector, which will allow the setting up of an alternative facility for the exchange of electricity between the two countries, including via a submarine cable, the Economy Ministry informs.

Read more: Romania, Turkey sign memorandum on electric energy transport

Bulgaria, Turkey to Sign Gas Grid Interconnection Contract in March

 

 

 

Bulgaria and Turkey are to sign an agreement stipulating concrete deadlines and parameters for the construction of the gas grid interconnection in March.

Read more: Bulgaria, Turkey to Sign Gas Grid Interconnection Contract in March

Greece nears first current account surplus since joining euro

Strong spending by foreign tourists helped Greece's current account balance turn to a surplus in the first 11 months of last year, putting the battered country on track for its first such surplus since joining the euro over a decade ago.

Read more: Greece nears first current account surplus since joining euro

Slovenia accuses Croatia of breaching 2013 bank deal

 

 

 

Slovenia accused Croatia on Tuesday (21.01.2014) of breaching a deal on bank savings reached by the two governments last year as part of negotiations to clear the way for Zagreb's accession to the EU.

Read more: Slovenia accuses Croatia of breaching 2013 bank deal

Macedonia, Kosovo Forge Ahead With Motorway

 

 

 

After Kosovo issued a tender for a consortium to build a highway to the Macedonian border, Macedonia has signaled it will soon do likewise.

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EIB invests in Serbia and in Croatia

The European Investment Bank (EIB) announced the signing of a €150 million with the Serbian Ministry of Finance on January 20, 2014.

Read more: EIB invests in Serbia and in Croatia

EU Funds 63.8% Absorbed: Bulgaria's Deputy PM

Some 63.89% of EU funds have been absorbed, Bulgaria's Deputy PM and Justice Minister Zinaida Zlatanova told reporters.

Read more: EU Funds 63.8% Absorbed: Bulgaria's Deputy PM

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.

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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

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