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International Information Centre for Balkan Studies



German Vice Chancellor urges debt relief for Greece

German Vice Chancellor Sigmar Gabriel urged eurozone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures.

Read more: German Vice Chancellor urges debt relief for Greece

Chinese group pays USD 680 mln for former Rompetrol Group

Chinese group CEFC China Energy Company Limited will pay USD 680 million to buy a 51% stake in Dutch-based oil & gas group KMG International, the former Rompetrol Group, which has most of its business in Romania.

Read more: Chinese group pays USD 680 mln for former Rompetrol Group

Turkish exports fall by 2.8 percent in April

 

 

 

The value of Turkey’s exports dropped by 2.8 percent in April to $11.4 billion from the same period last year due to a decline in export prices, the Turkish Exporters’ Assembly (TİM) stated in the Mediterranean resort of Antalya on May 1, 2016.

Read more: Turkish exports fall by 2.8 percent in April

Greece concludes agreement with creditors on sale of NPLs

An agreement between Greece and its lenders will lead to the vast majority of non-performing loans (NPLs) linked to primary residences with a taxable value under 140,000 euros being protected from sale until 2018, Economy Ministry sources have said.

Read more: Greece concludes agreement with creditors on sale of NPLs

Croatia Unveils Reforms to Boost Economy

 

 

 

Croatian is raising the retirement age from 65 to 67, introducing rewards for public officials and a real estate tax - and adopting other reforms designed to boost growth and lure investors.

Read more: Croatia Unveils Reforms to Boost Economy

Tusk on Greek financial situation

“We have to avoid situation of renewed uncertainty for Greece. We need date for Eurogroup meeting in not distant future. In days, not weeks”, was the comment of European Council PresidentDonald Tusk on Greek request for a Euro Summit after negotiations stopped in Athens on Tuesday (26.04.2016).

Read more: Tusk on Greek financial situation

Bosnia Struggles to Get New IMF Loan

 

 

 

Bosnian leaders will soon start debating the last conditions required for the country to get an urgently needed IMF loan.

Read more: Bosnia Struggles to Get New IMF Loan

IMF: Romania has a gross funding need of EUR 15.8 bln

 

 

 

Romania has a gross funding need of 9.4% of the GDP for this year, namely the equivalent of EUR 15.8 billion, according to estimates of the International Monetary Fund (IMF), cited by local Profit.ro.

Read more: IMF: Romania has a gross funding need of EUR 15.8 bln

Tsipras, Hollande agree Greek review should be finished quickly

 

 

 

Prime Minister Alexis Tsipras and French President Francois Hollande agreed on Wednesday (13.04.2016) that Athens must fulfill its obligations and conclude the first review of Greece’s rescue package as quickly as possible – by next week if possible.

Read more: Tsipras, Hollande agree Greek review should be finished quickly

"Газпром" и частные турецкие компании-импортеры газа договорились о цене

 

 

 

МОСКВА, 13 апреля. /ТАСС/. ООО "Газпром экспорт" и частные турецкие компании-импортеры газа (Akfel Gaz, Avrasya Gaz, Bati Hatti, Bosphorus Gaz, Kibar Energy, Shell Energy, Enerco Enerji) в результате конструктивных переговоров достигли договоренности по цене на газ в текущем году, говорится в сообщении "Газпром экспорта".

Read more: "Газпром" и частные турецкие компании-импортеры газа договорились о цене

Enhanced cooperation needed between Visegrad Group & Western Balkans

 

 

 

The refugee crisis and the fight against terrorism have made the EU and Western Balkans realise first-hand how interdependent we have become. Now is the time for enhanced engagement with the Western Balkans write Ditmir Bushati  and Lubomír Zaorálek.

Read more: Enhanced cooperation needed between Visegrad Group & Western Balkans

Third bailout review talks with Greece posponed

 

 

 

 “The mission will return back to Athens after the end of the Spring meetings with the aim to finalize the discussions on the outstanding issues as soon as possible.”

Read more: Third bailout review talks with Greece posponed

Minister: Only 15% of local exporters have Romanian capital

 

 

 

The key to stimulate exports is to increase the number of exporters, said the Economy Minister Costin Borc.

Read more: Minister: Only 15% of local exporters have Romanian capital

Greek talks with IMF/EU lenders drag on, compromise seen ...Fina

Greece and its international lenders were edging closer to a compromise on signing off on a review of bailout reforms which could unlock more aid to the country, government sources said on Monday (10.04.2016), after marathon talks with creditors.

Read more: Greek talks with IMF/EU lenders drag on, compromise seen ...Fina

Turkish tourism sector expects $12 bln loss in revenue

Tourism representatives have said 2016 has been “much worse” than the predicted “worst case scenario,” noting the revenue loss in the sector would likely surge to $12 billion over the year.

Read more: Turkish tourism sector expects $12 bln loss in revenue

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