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International Information Centre for Balkan Studies



US government ‘open’ to IMF participation in Greek bailout

Washington will keep an “open mind” regarding the participation of the International Monetary Fund (IMF) in the Greek bailout programme, a senior US Treasury official said on 13 April 2017.

Read more: US government ‘open’ to IMF participation in Greek bailout

Greece, lenders agree on key elements of reforms

Greece and its eurozone creditors agreed on key elements of reforms needed to unlock new loans, with a total of 2 percent of gross domestic product of measures to be implemented in 2019 and 2020, the head of eurozone finance ministers said on 07.04.2017.

Read more: Greece, lenders agree on key elements of reforms

Turkey-EU tension endangers upgrade to customs union

Ongoing tension between Ankara and Brussels could further complicate the launch of technical negotiations to upgrade a customs union agreement to the advantage of both sides, Turkish and European diplomats have admitted, revealing that a Turkey-EU summit at the leaders’ level planned for May or June will not happen until the end of the year. 

Read more: Turkey-EU tension endangers upgrade to customs union

Sensata Technologies opens testing facility in Bulgaria

Sensata Technologies has opened its largest global testing facility in Sofia to support its automotive sensing technologies, the company said.

Read more: Sensata Technologies opens testing facility in Bulgaria

Turkey’s 2016 unemployment rate hit 10.9 percent, continuing at double digits

Turkey’s unemployment rate hit 10.9 percent in 2016 with a 0.6 percent of increase compared to the previous year, continuing its double-digit trend, official data showed on March 23, 2017. 

Read more: Turkey’s 2016 unemployment rate hit 10.9 percent, continuing at double digits

Kosovo: Economy is marking progress, but political tension is expected

A few days after the International Monetary Fund (IMF) approved the second and third revision of the Stand-By Arrangement SBA with Kosovo, offering access to an extra 100 million Euros, a report was issued by this institution (22.03.2017).

Read more: Kosovo: Economy is marking progress, but political tension is expected

Greece: Four suitors for Thessaloniki Port, Cosco is not involved

Four bids are expected to be tabled this week for the 67 percent stake in Thessaloniki Port Authority, Kathimerini understands.

Read more: Greece: Four suitors for Thessaloniki Port, Cosco is not involved

Pristina's decision to seize property declared null and void

PM Aleksandar Vucic said on Friday (17.03.2017) that the government adopted a decision declaring Pristina's decree on taking over Serbian property in Kosovo null and void.

Read more: Pristina's decision to seize property declared null and void

US Congressman Huizenga Introduces Bill to Oppose IMF’s Third Greek Bailout

Yesterday (17.03.2017), Congressman Bill Huizenga (MI-02), a senior member of the House Financial Services Committee, introduced the IMF Reform and Integrity Act. 

Read more: US Congressman Huizenga Introduces Bill to Oppose IMF’s Third Greek Bailout

Greece: Government, creditors fail to bridge gulf in bailout talks

Attempts by Greek government officials to bridge a gulf in dragging negotiations with representatives of the country’s international creditors failed to bear fruit on 17.03.2017, indicating that a breakthrough in bailout talks may be unlikely until May.

Read more: Greece: Government, creditors fail to bridge gulf in bailout talks

Moody’s cuts outlook on Turkey credit rating to ‘negative’

Moody’s late on March 17, 2017 cut its outlook on Turkey’s rating to “negative” as risks to the country’s credit profile have “risen materially” in recent months. 

Read more: Moody’s cuts outlook on Turkey credit rating to ‘negative’

Greek ship register springs a leak

The removal of 62 vessels from the Greek ship register within the space of a year highlights the Greek flag’s declining competitiveness. Along with the losses observed in 2015, the Greek register appears to have shrunk by 100 oceangoing ships in just two years.

Read more: Greek ship register springs a leak

Greece’s jobless rate rises to 23.6 percent in fourth quarter

Greece’s jobless rate rose to 23.6 percent in October-to-December from 22.6 percent in the third quarter, data from the country’s statistics service showed on 16.03.2017.

Read more: Greece’s jobless rate rises to 23.6 percent in fourth quarter

EC invites Eastern European member states to weigh in on Gazprom anti-trust settlement proposal

The European Commission said on March 13, 2017,  that it has asked eight Eastern European member states for comments on the list of commitments submitted by Gazprom to address the pending anti-trust investigation against the Russian state-owned natural gas monopolist.

Read more: EC invites Eastern European member states to weigh in on Gazprom anti-trust settlement proposal

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