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International Information Centre for Balkan Studies



Romania Unveils Plan to Lure Big Investors

Government plan to attract investment into several sectors includes giving go-ahead to controversial gold and shale gas exploration.

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Montenegro Police Detain Aluminum Plant Chief

Police detained the financial director of the bankrupt Podgorica Aluminum Plant, KAP, for alleged theft of power that enabled the factory to continue operating in recent months.

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Albania's New Leaders Urged to Seek IMF Help

The World Bank country manager for Albania, Ksenia Lvovsky, urged Tirana’s new government to seek IMF aid in order to consolidate its finances.

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Venizelos to push forward German reparations issue

Minister of Foreign Affairs claims that controversial matter has not yet been resolved.

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Turkey's CAD swells 22.4 pct in first 5 months

Turkey's current account deficit surged by 22.4 percent to reach 31.9 billion in the first five months of 2013.

Read more: Turkey's CAD swells 22.4 pct in first 5 months

During Gazprom's Visit to Bulgaria both sides show interest in building South Stream as soon as possible

Working meetings of Gazprom's Chief Alexey Miller with Plamen Oresharski, Bulgarian Prime Minister and Dragomir Stoynev, Bulgarian Economy, Energy and Tourism Minister took place as part of the visit.

Read more: During Gazprom's Visit to Bulgaria both sides show interest in building South Stream as soon as...

Gazprom and Serbia address financial aspects of South Stream construction in Serbia

In 2012 Gazprom Group supplied Serbia with 1.5 billion cubic meters of natural gas.

Read more: Gazprom and Serbia address financial aspects of South Stream construction in Serbia

EU Competition Forces Down Power Price in Croatia

HEP was the sole electricity supplier in Croatia until July 1, when the power market was liberalised under EU rules.

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Eurogroup Statement on Greece

08.07.2013

The Eurogroup has been informed on the outcome of the third review mission under the second macroeconomic adjustment programme for Greece and welcomes the staff’s level agreement between Greece and the Troika on the updated policy conditionality underlying the programme.

Read more: Eurogroup Statement on Greece

UK court tells Çukurova to pay $1.6 bln for Turkcell shares

According to Reuters a British court ruled that Turkey's Çukurova Group must pay $1.57 billion to Russian telecoms firm Altimo to recover Turkcell shares appropriated for a defaulted loan, opening the way to end an eight-year dispute between major shareholders.

Read more: UK court tells Çukurova to pay $1.6 bln for Turkcell shares

Serbia-Macedonia Trade Relations

Serbia says it plans to limit the import of key Macedonian products like wine and vegetables if Macedonia fails to withdraw a recent curb on the import of Serbian wheat and flour.

 

Read more: Serbia-Macedonia Trade Relations

Greek bonds rise a second day with 10-year yield dropping to 10.95%

Greek government bonds advanced for a second day, with the yield on the country’s securities due in February 2023 falling 37 basis points to 10.95 percent at 1:31 p.m. London time.

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Turkish Lira off record lows as CB intervenes with $2.25 bln sale

The Turkish lira crawled back from historic lows against the US dollar to recoup some losses on Monday as the country's central bank intervened in the markets with seven separate foreign-exchange sales totaling $2.25 billion.

Read more: Turkish Lira off record lows as CB intervenes with $2.25 bln sale

Greece, troika agree to reduce sell-off target, close to deal on civil servants

Municipal workers stand in front of a police cordon during a demonstration of the federation of local government employees POE-OTA outside the Ministry of Administrative Reform in Athens, on 05.07.2013.  

Read more: Greece, troika agree to reduce sell-off target, close to deal on civil servants

Albania Oil Company Sees Production Growth

Bankers Petroleum announced that its production of crude oil from Albania rose by five per cent in the second quarter of 2013.

Read more: Albania Oil Company Sees Production Growth

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