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International Information Centre for Balkan Studies



Report on the fact-fiding mission of the Budgetary Control Committee to Greece 24/25 Deptember 2015

 

 

 

Control of EU funded priority projects shortlisted by “Task Force for Greece”

Read more: Report on the fact-fiding mission of the Budgetary Control Committee to Greece 24/25 Deptember 2015

Romanian state collects EUR 7 bln in 25 years from privatizations

 

 

 

The Romanian state has collected EUR 7 billion in 25 years from the privatization of 7,500 companies.

Read more: Romanian state collects EUR 7 bln in 25 years from privatizations

Russia bans import of strawberries, tangerines, tomatoes, other products from Turkey

 

 

 

MOSCOW, December 1, 2015. /TASS/. Russia has banned import of tangerines, tomatoes, and a number of other products from Turkey from January 1, 2016, according to the government decree on implementation of presidential decree on special economic measures against Turkey, press service of the cabinet of ministers reported on Tuesday (01.12.2015).

Read more: Russia bans import of strawberries, tangerines, tomatoes, other products from Turkey

Albania Bans Logging to Save Forests

 

 

 

A ten-year moratorium on logging accompanied by high fines for offenders is expected to go into force in January in Albania, also stopping timber exports.

Read more: Albania Bans Logging to Save Forests

Air Pollution is Choking Bosnia, Experts Warn

 

 

 

Bosnia and Herzegovina has a major problem with air pollution which could cause serious illnesses, but so far the authorities have refused to address the issue.

Read more: Air Pollution is Choking Bosnia, Experts Warn

Greece seeks debt relief deal in February 2016, says Tsakalotos

 

 

 

Greece aims to achieve a deal on debt relief with its euro zone creditors in February to remove financial uncertainty and spur economic recovery, Finance Minister Euclid Tsakalotos said on 30.11.2015.

Read more: Greece seeks debt relief deal in February 2016, says Tsakalotos

Bulgaria backs Nord Stream gas extension

 

 

 

Bulgarian Prime Minister Boiko Borisov said on Monday (30.11.2015) his government supported Russia's plans to extend its gas link to Germany.

Read more: Bulgaria backs Nord Stream gas extension

Romania’s new Government will not make a new agreement with the IMF

 

 

 

Romania’s Government will not conclude a new agreement with the International Monetary Fund (IMF), European Commission and the World Bank, according to government sources cited by local Capital.ro (28.11.2015).

Read more: Romania’s new Government will not make a new agreement with the IMF

Top Greek banks pass recapitalisation hurdle

 

 

 

Greece's top four banks have raised over 5.0 billion euros ($5.3 billion) in private funds, officials said Monday (23.11.2015), which together with EU funds should be enough to meet their recapitalisation needs.

Read more: Top Greek banks pass recapitalisation hurdle

Ten EU nations say Nord Stream gas extension not in EU interests

 

 

 

BRUSSELS, Nov 27, 2015 Russia's plans to extend its gas link to Germany run counter to EU interests and risk further destabilising Ukraine, 10 European governments said in a letter to the European Commission that called for a summit-level debate on the issue.

Read more: Ten EU nations say Nord Stream gas extension not in EU interests

The success rate of privatizations in Romania has been below 25% in the last 25 years.

 

 

 

Over 7,700 companies have been sold during this period, and over 2 million jobs were lost, said Cristina Chiriac, president of the National Association of Entrepreneurs, cited by local Agerpres on 27.11.2015.

Read more: The success rate of privatizations in Romania has been below 25% in the last 25 years.

Budget data reveal an alarming state of affairs

 

 

 

The alarming state of the country’s social security funds, and the state budget in general, is reflected in the fiscal data for the first 10 months of the year released on Wednesday (25.11.2015) by the Finance Ministry. The needs of the pension funds have even exceeded the estimates made in early October, while the government is continuing its payments freeze due to the shortage in revenues so that it can finance the inflexible expenditure for salaries and pensions.

Read more: Budget data reveal an alarming state of affairs

How high are taxes in Romania compared to the companies’ profits?

 

 

 

Romania’s Total Tax Rate, which measures the amount of taxes and contributions payable by businesses and expressed as a share of their profits, is 42%, below the CEE countries’ average rate (45%) and close to the global average of 40.8%, according to PwC’s Paying Taxes 2016 global ranking.

Read more: How high are taxes in Romania compared to the companies’ profits?

Bosnia's National Airline Awaits Imminent Closure

 

 

 

BH Airlines, the troubled national carrier of Bosnia and Herzegovina, is likely to be put into liquidation before the end of the year after running up a debt of around 17.5 million euros.

Read more: Bosnia's National Airline Awaits Imminent Closure

Greece: After aid approval, gov't turns focus to new measures, pension reform

The government has shifted its focus to a new set of prior actions, including a formula for dealing with nonperforming business loans and a push to the stalled privatization program, following the decision by the European Stability Mechanism on Monday (23.11.2015) to unlock 2 billion euros in pending rescue loans to Greece.

Read more: Greece: After aid approval, gov't turns focus to new measures, pension reform

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