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International Information Centre for Balkan Studies



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

Bulgaria’s annual GDP growth in 2016 was 3.4% – statistical institute

Bulgaria’s GDP for 2016 increased in real terms by 3.4 per cent compared to 2015, the National Statistical Institute said on March 7, 2017, citing preliminary figures.

Read more: Bulgaria’s annual GDP growth in 2016 was 3.4% – statistical institute

FTT blockage illustrates pitfalls of multi-speed Europe

As France, Germany, Spain and Italy meet to perfect their vision of a future multi-speed Europe, the stalemate over the Financial Transaction Tax (FTT) raises the question of whether some states are capable of working together efficiently.

Read more: FTT blockage illustrates pitfalls of multi-speed Europe

Greek Government talks with creditors reach impasse yet again

Very little progress was made in the meetings held over the weekend between Greek government ministers and the “quartet” of the country’s international creditors.

Read more: Greek Government talks with creditors reach impasse yet again

Greece’s lenders shift from austerity to reforms

The Eurogroup took a small step on Monday (20 February 2017) towards the completion of the second review of Greece’s €86 billion rescue programme, placing the emphasis on reforms over austerity to reduce the country’s huge debt pile.

Read more: Greece’s lenders shift from austerity to reforms

Athens, lenders resume talks on Greek bailout review

Greece and its lenders resumed long-stalled talks in Athens on Tuesday (28.02.2017) about reforms Greece needs to adopt to keep bailout funds flowing and the crisis-hit nation financially afloat.

Read more: Athens, lenders resume talks on Greek bailout review

Germany insists on no debt relief, Greece shows how much gold it has

Greece must not be granted a “bail in” that would involve creditors taking a loss on their loans, Germany’s deputy finance minister said yesterday (26 February), as Athens announced how much gold it has in reserve.

Read more: Germany insists on no debt relief, Greece shows how much gold it has

Trans-Adriatic Pipeline is a risk: report

Brussels, Belgium — An analysis published today by the finance watchdog groups Counter Balance and BankTrack has warned potential commercial bank investors to steer clear of the Trans-Adriatic Pipeline (TAP) owing to the project’s non-compliance with the Equator Principles, a set of risk management guidelines for project finance adopted by 89 commercial banks around the world. [1]

Read more: Trans-Adriatic Pipeline is a risk: report

Where Athens and creditors stand following Eurogroup agreement

Following Monday’s (20.01.2017) Eurogroup meeting in Brussels, several conclusions could be drawn as to what the Greek government took away and what remains to be done in terms of the review of Greece’s bailout program.

Read more: Where Athens and creditors stand following Eurogroup agreement

FDI in Bulgaria in 2016 was 682.8M euro

Foreign direct investment in Bulgaria in 2016 stood at 682.8 million euro, the equivalent of 1.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 17. In 2015, FDI was 1.69 billion euro, but the original amount reported by BNB last year was 1.57 billion euro, which was revised upward later.

Read more: FDI in Bulgaria in 2016 was 682.8M euro

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