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International Information Centre for Balkan Studies



Turkey, Russia create joint investment fund

Billion dollar fund will serve to invest in tourism, energy, agriculture and transport.

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Major bank sees slowdown for Romania’s economy just around the corner

UniCredit Bank, one of the top banks in Romania, expects a significant slowdown of the local economic growth from an estimated 4.4% in 2016 to 3.4% in 2017. Moreover, UniCredid’s analysts believe that the first signs of slowdown may be visible starting this year.

Read more: Major bank sees slowdown for Romania’s economy just around the corner

Greece: Gas deal, PPC debts obstacles to sub-tranche

The completion of the privatization of Greek natural gas network operator DESFA and resolving the issue of the Public Power Corporation’s debts to RES (renewable energy source) companies, are the two main obstacles the government faces in its bid to implement the prior actions required by its international creditors to release a sub-tranche of 2.8 billion in bailout funds.

Read more: Greece: Gas deal, PPC debts obstacles to sub-tranche

Turkish markets slide after Moody’s cuts Turkey rating to ‘junk’

Turkish shares tumbled 4 percent while bonds and the lira also weakened sharply on Sept. 26, 2016 after ratings agency Moody’s cut Turkey’s sovereign rating to “junk,” triggering fears of an outflow of foreign funds.

Read more: Turkish markets slide after Moody’s cuts Turkey rating to ‘junk’

Romanian PM: Economic growth could reach 4.8% this year

Prime Minister Dacian Ciolos said that Romania has an estimated economic growth of 4.8% this year.

Read more: Romanian PM: Economic growth could reach 4.8% this year

Bulgarian Cabinet approves draft bill to pay Belene arbitration damages

Bulgaria’s state-owned electric utility NEK will receive a cash injection from the state Budget to pay the damages awarded by an international arbitration tribunal in a dispute with Russia’s Atomstroyexport, under a draft bill approved by the Bulgarian government on September 20, 2016.

Read more: Bulgarian Cabinet approves draft bill to pay Belene arbitration damages

Almost a million Greeks unemployed

More than half of them are unemployed for more than a year.

Read more: Almost a million Greeks unemployed

Trade between Croatia and Slovenia record high

Trade in goods and services between Slovenia and Croatia exceeded 3.2 billion euros in 2015, according to figures from the Slovenian Chamber of Commerce, and the strengthening of business cooperation between the two neighbours is also seen in growing Croatian investments in Slovenia, the Ljubljana-based "Delo" daily has reported.

Read more: Trade between Croatia and Slovenia record high

Central Bank: Romania could join the eurozone by 2023

Romania’s accession to the Eurozone in 2019 is out of the question, President Klaus Iohannis said on Thursday, September 15, 2016.

Read more: Central Bank: Romania could join the eurozone by 2023

Athens aims to finish prior actions, pave way for debt talks

Following talks with the institutions in Athens last week, the Greek government will now turn its focus to completing the 15 milestones that are needed to unlock the next sub-tranche of bailout funding.

Read more: Athens aims to finish prior actions, pave way for debt talks

New EU emergency support to refugees in Greece

The European Union has stepped up funding for refugees migrants and asylum seekers in Greece, with EUR 115 million in new funding for humanitarian organisations operating in the country.

Read more: New EU emergency support to refugees in Greece

Греция ведёт «газовую войну» против Азербайджана

 

 

 

Приватизация греческого газового оператора DESFA стала яблоком раздора между Афинами и азербайджанской нефтяной компанией SOCAR. Причина спора связана с пересмотром в одностороннем порядке властями Греции условий тендерной продажи DESFA. Посол Азербайджана в Греции Рахман Мустафаев говорит, что желание греческого правительства извлечь ещё большую выгоду может испортить двусторонние отношения.

Read more: Греция ведёт «газовую войну» против Азербайджана

French President and Romanian PM inaugurate EUR 52 mln Airbus Helicopters plant in Romania

French company Airbus Helicopters, part of Airbus Group, inaugurated a new factory in Romania, near Brasov, after a EUR 52 million investment.

Read more: French President and Romanian PM inaugurate EUR 52 mln Airbus Helicopters plant in Romania

Croatia, Bosnia to Discuss Key Bridge Project

Croatian and Bosnian officials will meet to discuss the construction of a long-delayed new bridge linking the two countries which is important for the development of Bosnia's Serb-dominated entity Republika Srpska.

Read more: Croatia, Bosnia to Discuss Key Bridge Project

Russia to sign Turkish Stream deal in October 2016

Russia plans to sign an agreement with Turkey next month on the implementation of the Turkish Stream gas export pipeline project, Russian Energy Minister Alexander Novak was quoted as saying on Sept. 10, 2016.

Read more: Russia to sign Turkish Stream deal in October 2016

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