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International Information Centre for Balkan Studies



Balkan Leaders Discuss Energy, Transport at Summit

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.

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Romania’s OMV Petrom closes 350 oil wells, reduces output by 4%

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

 

 

 

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.

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Romania’s economy grows by 3.7% in 2015

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.

Read more: Romania’s economy grows by 3.7% in 2015

Romania’s Government launches anti-poverty package

 

 

 

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.

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Romania’s central bank keeps monetary policy rate unchanged

Romania’s National Bank (BNR) decided on Friday to keep the monetary policy rate at 1.75% and maintain the current levels of the minimum reserve requirement ratios for foreign currency at 12% and for the local currency lei at 8%.

Read more: Romania’s central bank keeps monetary policy rate unchanged

Croatia Gas Terminal May Lose 'Strategic' Status

 

 

 

According to media speculation, the construction of a gas terminal in northern Croatia could be removed from the official list of planned strategic projects, to experts' surprise.

Read more: Croatia Gas Terminal May Lose 'Strategic' Status

Chinese interested in three Greek tenders

According to sources, COSCO, after the acquisition of Piraeus port, is planning to own as much s possible in order to build a “chinese” road to the rest of Europe. So COSCO is not interested only in the  logistics centre in Thriasio Pedio, in Attica, and the Kasteli airport in Crete (as we reported yesterday) , but (as was expected) in the TRAINOSE tender also.

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Albanian government talks about a considerable economic growth in the years to come

 

 

 

The Albanian government is hoping for a significant economic growth in the years to come. Minister of Economic Development, Arben Ahmetaj, who reported on the program of economic reforms for the period 2016-2018 in front of the Parliamentary Committee for Productive Activity, said that this is a consolidated document.

Read more: Albanian government talks about a considerable economic growth in the years to come

European Economic Forecast

Winter 2016 INSTITUTIONAL PAPER 020 | FEBRUARY 2016

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Greece: Thousands of firms flee to Bulgaria

According to the president of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE), some 6,000 Greek enterprises have emigrated to Bulgaria in the last couple of years alone. At the same time, the GSEVEE chief says, Greeks are behind about 60,000 new tax registrations and bank accounts in the neighboring country.

Read more: Greece: Thousands of firms flee to Bulgaria

Россия в 2015 году снизила экспорт пшеницы в Турцию почти на 30% - до 3,122 млн тонн

 

 

 

Россия в 2015 году поставила в Турцию более 3,122 млн тонн пшеницы, что на 29,3% меньше по сравнению с показателем годом ранее - тогда в эту страну было ввезено 4 млн 412,2 тысячи тонн российской пшеницы.

Read more: Россия в 2015 году снизила экспорт пшеницы в Турцию почти на 30% - до 3,122 млн тонн

State budget revenues, up 4% in Romania in 2015

 

 

 

Romania’s state budget recorded revenues of EUR 51.5 billion last year, up by 4% compared to 2014.

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Cyprus, Israel and Greece cooperate in gas exploration

 

 

 

Cyprus, Israel and Greece view the energy sector, and in particular, natural gas and renewable energy, as a solid foundation for cooperation in the Eastern Mediterranean basin, says the joint declaration issued after the trilateral meeting in Nicosia on 27.01.2016.

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Bulgaria had among largest decreases in overnights at tourist establishments in EU in 2015 – Eurostat

 

 

 

Bulgaria was among three EU countries with the largest decreases in tourism in 2015, measured by the number of nights spent in tourist accommodation establishments, according to estimated figures released on January 26 2016 by EU statistics agency Eurostat.

Read more: Bulgaria had among largest decreases in overnights at tourist establishments in EU in 2015 –...

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