Finance
Bulgarian government adopts mid-term economic forecasts for 2009-2011
23/05/2008
SOFIA, Bulgaria -- The government adopted its revised mid-term economic forecasts for 2009-2011 on Thursday (May 22nd). The two main goals are sustai...
High representative in BiH wants frozen foreign currency issue resolved
13/05/2008
SARAJEVO, Bosnia and Herzegovina (BiH) -- High Representative Miroslav Lajcak urged the BiH Constitutional Court on Monday (May 12th) to address conf...
Bulgarian New Democracy party officially established
12/05/2008
SOFIA, Bulgaria -- The country has a new political party, effective on Sunday (May 11th). Former members of the National Movement for Stability and P...
BiH cabinet approves law establishing key fiscal council
22/02/2008
SARAJEVO, Bosnia and Herzegovina (BiH) -- The Council of Ministers approved a law Thursday (February 21st) establishing the fiscal council, an import...
Fitch downgrades ratings for Bulgaria, Romania
01/02/2008
MUMBAI, India -- The credit rating agency Fitch lowered the outlook on the sovereign ratings of Bulgaria, Romania, Estonia and Latvia from "stable" t...
Lajcak warns budget crisis could have deeper implications
30/01/2008
SARAJEVO, Bosnia and Herzegovina (BiH) -- High Representative Miroslav Lajcak repeated Tuesday (January 29th) his concerns over the failure of BiH in...
December marks spending peak in Croatia
28/12/2007
As in many countries around the world, Croatians spend more money during the last month of the year.
IMF warns Albania about electricity prices
10/12/2007
TIRANA, Albania -- International Monetary Fund (IMF) representative in Tirana, Ann-Margret Westin, advised the Albanian government on Friday (Decembe...
Romanian leu tumbles to 16-month low against euro
23/11/2007
BUCHAREST, Romania -- The leu has tumbled by 15% in recent months to a 16-month low of 3.6000 per euro on Thursday (November 22nd). The local currenc...
Bulgarian parliament votes on 2008 budget
22/11/2007
SOFIA, Bulgaria -- Parliament on Wednesday (November 21) held the first of two votes on the 2008 budget. Among other things, it introduces a flat tax...
Business: Serbia's JAT Airways to begin regular flights to BiH
09/11/2007
JAT Airways will fly from Belgrade to Banja Luka three times a week, with a fourth flight to be added in December. Also this week: Greece and Turkey plan to launch a natural gas pipeline connecting Asia and Europe.
Bulgaria threatens to block SAA with Montenegro over spelling of "euro"
12/10/2007
BRUSSELS, Belgium -- Bulgaria on Thursday (October 11th) warned that it may block the signing of a Stabilisation and Association Agreement (SAA) betw...
Montenegro says giving up the euro is "absolutely impossible"
11/10/2007
PODGORICA, Montenegro -- It is "absolutely impossible" for Montenegro to give up the euro as its official currency, Central Bank Governor Ljubisa Krg...
EU praises Albania's progress, says much work ahead
03/10/2007
TIRANA, Albania -- European Education, Training, Culture and Youth Commissioner Jan Figel wrapped up a two-day visit to Tirana on Tuesday (October 2n...
Is a global crisis in the offing?
27/08/2007
The conditions are ripe for financial turbulence, but skillful policy co-ordination can help avert a severe disruption to the world economy, writes economist and former Romanian Finance Minister Daniel Daianu.
