The agreement allows Skopje to end its ban on wheat and flour, and for Kosovo to end its ban of Macedonian imports. Also in business news: Dominique Strauss-Khan will begin work next week for the Serbian government.
Kosovo's embargo was a response to a previously introduced Macedonian measure that limits the import of flour and wheat from all CEFTA (Central European Free Trade Agreement) countries. [AFP]
Macedonia has ended its ban on the imports of wheat and flour from Kosovo, which in its turn lifted a ban on Macedonian imports. The move ended a trade dispute between the two countries that started in July. The fees imposed by Macedonia on visitors from Kosovo have also been removed, authorities said.
The IMF has completed the first review of its 973 billion euro loan programme for Cyprus, enabling the disbursement of 84.6 million euros. The IMF loan is part of a broader 10 billion euro bailout package with the European Stability Mechanism.
Turkey's exports to Syria have grown dramatically. Data compiled by the Anadolu news agency indicated that last month Turkey exported to Syria products worth $62.5 million, which represents a 132 percent increase from the previous year.
Electricity prices in Croatia will be reduced by 10.7 percent. The lower prices, which will affect some 2.15 million households, will become effective on October 1st. ***
Former IMF chief Dominique Strauss-Khan is starting work next week as an economic advisor to the Serbian government. His task will be to help the country sort out its debts, attract foreign investments and manage relations with the IMF.
Albania's newly appointed Prime Minister Edi Rama announced plans for a new economic model that would guarantee sustainable development. The government aims to identify new sources of economic growth to replace the current model, relying heavily on remittances, international donations, soft loans, privatisation and the boom of the construction industry.
Bosnia and Herzegovina's (BiH) economy has registered certain growth since the start of 2013, but authorities still face budget deficit issues, according to Ron van Rooden, the head of the IMF mission in the country. Despite progress, the situation cannot be assessed as stable yet, Rooden pointed out.
Turkey will introduce a new system to accelerate and facilitate the passage of its trucks across all of its border checkpoints with Bulgaria. The TIR EPD Green Lane system allows drivers to register and process their documents electronically in advance. The system is already active at the Kapikule border checkpoint.
(Various sources – 09/11/13-09/17/13)