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International Information Centre for Balkan Studies



World Bank Analysis to Guide Serbian Layoffs

 

 

 

A forthcoming World Bank analysis of Serbia's public sector is likely to provide a basis for the government to determine further public-sector job cuts.

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Greece: Deposits fall despite controls

Household and business deposits fell by 1.4 billion euros in July, 2015  despite capital controls, according to data from the Bank of Greece. The decrease is attributed to the reaction of nervous depositors.

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Serbia To Expand Gas Storage Capacities

 

 

 

Serbia's Prime Minister says Belgrade must develop the capacity of its only gas storage, at Banatski Dvor, after encountering obstacles in finding alternative gas supplies and routes.

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Greece: Tourism set to hit new highs in 2015

 

 

 

Greek tourism is on course for a new record in 2015 thanks to increased visitor numbers from the US, Germany, Britain and elsewhere.

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Romania: Fitch affirms Romania positive outlook, a significant message to investors

 

 

 

PM Ponta said that the Fitch agency affirms the stable, positive outlook of Romania, showing that the agency's assessment is an important message to investors.

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Serbia Starts Fresh Talks With IMF

 

 

 

Serbia opened a new round of talks with the IMF on its stand-by arrangement, amid conflicting reports about whether it will win IMF agreement to raise pay and pensions.

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Greece: Bailout tranche received, ECB paid

 

 

 

The European Central Bank Thursday (20.08.2015) received a 3.2-billion-euro debt repayment from Greece, marking the fulfillment of Athens’s last significant obligation toward the ECB for the next 11 months.

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German Parliament backs Greek aid after Merkel lobbies MPs

The German parliament voted in favor of a third bailout for Greece, one of the last hurdles to approving the program, after Chancellor Angela Merkel pressed lawmakers to lend their support.

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Minister: Weak lira adds nearly $4 bln to Turkish natural gas bill

The weakness in the Turkish lira has added nearly $4 billion to Turkey's natural gas bill since the beginning of the year, Energy Minister Taner Yıldız said on Wednesday (19.08.2015).

Read more: Minister: Weak lira adds nearly $4 bln to Turkish natural gas bill

Euro ministers give blessing to Greek bailout, wooing IMF on debt

Finance ministers from the eurozone gave their final blessing to lending Greece up to 86 billion euros ($95.5 billion) after the parliament in Athens agreed to stiff conditions overnight.

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Turkey treads carefully on new gas pipeline with Russia

A new world seemed to be in the making when Russian President Vladimir Putin visited Turkey on Dec. 1. Putin, with his Turkish counterpart Recep Tayyip Erdogan at his side, announced that Russia and Turkey would boost their multibillion dollar trade by building a new natural gas pipeline, Turkish Stream.

Read more: Turkey treads carefully on new gas pipeline with Russia

Greece's battered economy threatens to sink further

Greece's bruising fight with its international creditors sent economic sentiment to its lowest level in nearly three years in July (2015) and knocked manufacturing activity down to record lows.

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Croatia Gives Krk Gas Terminal 'Strategic' Status

Croatia on Thursday (16.07.2015) declared the planned gas terminal on Krk - important for diversifying the region's energy supply - a 'strategic investment project' - meaning that work on it will be expedited and given priority status.

Read more: Croatia Gives Krk Gas Terminal 'Strategic' Status

Vucic Derides Report of Serbia's Near-Bankruptcy

Serbian leader insists that despite the large size of the external debt, Serbia is in no danger of bankruptcy and dismisses London Guardian report as 'stupidity'.

Read more: Vucic Derides Report of Serbia's Near-Bankruptcy

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