President Erdogan’s Thin Skin
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- Category: Economy
- Published on Monday, 07 March 2016 12:20
Like other authoritarian leaders, President Recep Tayyip Erdogan of Turkey has made it a point to show his people who’s boss. He has waged war on the Kurdish separatists, imprisoned critics, taken control of much of the media, cowed the military and convinced a preponderance of his people that he is indispensable.
Germany rejects calls to give Greece more time for budget goals
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- Category: Economy
- Published on Monday, 07 March 2016 12:18
Germany has rejected calls to give Greece more time to reach budget goals agreed with international lenders for its third bailout program as it grapples with the migrant crisis.
Read more: Germany rejects calls to give Greece more time for budget goals
Romania’s jobless rate falls to lowest level since mid-2009
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- Category: Economy
- Published on Wednesday, 02 March 2016 10:34
The number of unemployed dropped by some 12,000 in January this year compared to December 2015 and the jobless rate went down to 6.5%.
Read more: Romania’s jobless rate falls to lowest level since mid-2009
Bulgaria reports 991.6M leva Budget surplus in January
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- Category: Economy
- Published on Tuesday, 01 March 2016 12:35
Bulgaria’s Finance Ministry has said that the consolidated Budget surplus in the first month of 2016 stood at 991.6 million leva, or 1.1 per cent of the forecast gross domestic product (GDP).
Read more: Bulgaria reports 991.6M leva Budget surplus in January
Russia keeps Turkish trucks parked
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- Category: Economy
- Published on Tuesday, 01 March 2016 12:31
The cost of the political and economic crisis that erupted between Russia and Turkey after the shooting down of a Russian plane in November is multiplying by the day. First, the effects of the economic sanctions Russia has been applying on Turkey as of Jan. 1 were reflected by Turkish export figures in January. According to figures released by the Exporters Assembly of Turkey, January exports were 14.4% lower this year than in the same month in 2014.
Experts Query Bosnia's Solid Growth Rate
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- Category: Economy
- Published on Tuesday, 01 March 2016 12:27
After the Council of Ministers declared that Bosnia's GDP grew by a resilient 3 per cent in 2015, experts are debating whether it is enough to bring down the high joblessness rate.
EC: Romania’s economy to grow by 4.2% this year
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- Category: Economy
- Published on Tuesday, 01 March 2016 12:25
Romania’s economy will grow by 4.2% this year and by 3.7% in 2017, according to the European Commission’s country report on Romania.
Bulgaria, World Bank Frame Partnership for Next Six Years
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- Category: Economy
- Published on Sunday, 28 February 2016 16:31
SOFIA, February 24, 2016 – World Bank Vice President for Europe and Central Asia, Cyril Muller, visited Bulgaria to introduce the new World Bank Director for Operations in the European Union, Arup Banerji, and to agree with the government on the partnership framework for the next six years.
Read more: Bulgaria, World Bank Frame Partnership for Next Six Years
What fading oil fortunes means for Turkey's businesses
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- Category: Economy
- Published on Friday, 26 February 2016 15:49
Are the resplendent days of the Gulf emirates coming to an end? According to international credit rating agencies and investment banks, the answer is yes.
Read more: What fading oil fortunes means for Turkey's businesses
Shell to Explore Bulgarian Offshore Gas Field
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- Category: Economy
- Published on Wednesday, 24 February 2016 16:33
Contract signed with the petrol giant to explore the Silistar gas field in the Black Sea forms part of Bulgaria's drive to diversify its energy sources and reduce dependence on Russia.
Balkan Leaders Discuss Energy, Transport at Summit
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- Category: Economy
- Published on Tuesday, 23 February 2016 12:18
Transport links and energy projects were high on the agenda as Balkan premiers met at an investment summit (22.02.2016) in London organized by the European Bank for Reconstruction and Development.
Read more: Balkan Leaders Discuss Energy, Transport at Summit
Romania’s OMV Petrom closes 350 oil wells, reduces output by 4%
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- Category: Economy
- Published on Monday, 22 February 2016 16:21
Romanian oil&gas company OMV Petrom announced yesterday that it suspended the production of 350 of its onshore oil wells in 2015 and could close another 350 wells this year, due to the low oil prices.
Read more: Romania’s OMV Petrom closes 350 oil wells, reduces output by 4%
Romanian aircraft producers are flying high as state increases military spending
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- Category: Economy
- Published on Wednesday, 17 February 2016 15:07
Romanian helicopter producer IAR Brasov and aircraft manufacturer Aerostar Bacau more than doubled their net profits last year (2015) as their revenues also increased significantly.
Read more: Romanian aircraft producers are flying high as state increases military spending
Romania’s economy grows by 3.7% in 2015
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- Category: Economy
- Published on Monday, 15 February 2016 12:44
Romania’s gross domestic product (GDP) increased by 3.7% in 2015 compared to 2014, according to the first estimates released on Friday by the National Statistics Institute (INS). This is the highest growth rate for the local economy after 2008.
Romania’s Government launches anti-poverty package
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- Category: Economy
- Published on Friday, 12 February 2016 17:02
Romania’s Government launched yesterday the anti-poverty package, which aims to bring down the number of people who are at risk of poverty by at least 580,000 until 2020.
Read more: Romania’s Government launches anti-poverty package
