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International Information Centre for Balkan Studies



Taxation and Investment in Turkey 2013 (Deloitte)

The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Turkey Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.

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Cyprus crisis could derail Greek recovery, industry lobby warns

The economic crisis in Cyprus and the "violent" solution imposed on banks could derail Greece's fragile economic recovery and undermine European cohesion, the head of the country's industry lobby warned on Wednesday (05.03.2013).

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Bulgaria: Economic Overview 2011-2012 and Outlook 2013-2015

GDP in Bulgaria grew only marginally in 2012, failing to produce a noticeable mark on the weak economic trajectory of the latest years. A short-lived recovery in private consumption during spring and summer could not be sustained and the deteriorating external environment in the closing months of the year brought renewed concerns of a possible new downturn. The policy stance seems frozen in expectation of the general elections in mid-2013. There is little chance of change in this constellation in the short run, at least until the elections, and the economic growth is likely to remain unimpressive.

Read more: Bulgaria: Economic Overview 2011-2012 and Outlook 2013-2015

Bosnia and Herzegovina: Economic overview 2011-2012 and outlook 2013-2015

A significant speed-up of growth in Bosnia and Herzegovina is hard to expect this and the next two years. As in the Balkan region as a whole, sluggish growth appears to be the most probable post- crisis recovery prospect.

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Hints of Economic Upturn in Romania

New data suggest that the country is edging slowly towards economic recovery.

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AP: Greek Cyprus to build gas plant with or without Israel

Greek Cyprus' offshore natural gas deposits are enough to warrant the construction of a gas processing plant to export excess supply, regardless of whether Israel decides to be a partner in the project, the island nation's foreign minister said Wednesday.
Ioannis Kasoulides said Greek Cyprus is continuing talks with Israel, which has also discovered its own offshore gas deposits, on ways the countries can best exploit their mineral reserves. Greek Cyprus is particularly keen, hoping its future gas wealth will help pull it out of a crushing economic crisis that has forced it to ask for an international bailout.

Read more: AP: Greek Cyprus to build gas plant with or without Israel

Reparations study classified “top secret”

Deputy Minister of Finances examining study on German reparations and claims since early March 2013.

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Гръцката медийна група Антена завладява нови пазари

Гръцката медийна група Антена е придобила правото за издаване на популярното си илюстровано издание OK! в Албания, след като е постигнала споразумение за това от издателя и собственика на медията Northern & Shell Ltd, базиран във Великобритания. Премиерата на списанието на албанския пазар е предвидена за 17 април 2013 г.

Read more: Гръцката медийна група Антена завладява нови пазари

Икономиката на Албания бележи ръст от 1,6 %

Според данни на Статистическия институт на Албания, албанската икономика е отбелязала спад през първото тримесечие на 2012 г., но в края на годината състоянието й се е подобрило, като е отчетен ръст от 1,6 %.

Read more: Икономиката на Албания бележи ръст от 1,6 %

Turkish GDP Growth Slows to Lowest since ‘09 at 2.2 percent

Turkey's economy grew slower than expected in 2012 at a rate of 2.2 percent, according to data released by the Turkish Statistics Institute (TurkStat) on Monday.
The Turkish Statistics Institute (TurkStat) announced on Monday that gross domestic product (GDP) expanded by 2.2 percent in 2012, an outcome below market and government expectations.

Read more: Turkish GDP Growth Slows to Lowest since ‘09 at 2.2 percent

Turkey claiming Cypriot gas reserves

Turkey takes advantage of financial crisis to openly dispute Cypriot sovereignty and borders

According to news agency Reuters (Friday, March 22, 2013 ), Turkey will contend any move by the Cypriot Democracy to expedite the research for gas reserves within its waters, in order to attract investments.

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OECD praises reforms in Greece

Organization says the effort must continue in sectors such as competition, education, employment

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Cyprus Bank Levy May Affect Romanian Savers

Thousands of Romanians are to be affected by the controversial plan to tax savings held in Cypriot banks.

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Cost of Mismanagement Rises in Albania

The annual report of the High State Audit office says poor management of state-owned companies cost Albania twice as much in 2012 as it did the previous year.

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Serbia Tops Balkans For Illicit Financial Flows

 

The organisation Global Financial Integrity has ranked Serbia worst of all Balkan countries when it comes to illegal financial flows.

Read more: Serbia Tops Balkans For Illicit Financial Flows

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