Kosovo forecasts 4 percent growth

02/01/2014

The deficit in Pristina is less than 1 percent. In other business news: Bankso in Bulgaria is listed as Europe's best value ski resort.
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Kosovo's parliament approved the 2014 budget for 1.59 billion euros. [Laura Hasani/SETimes]

Kosovo's parliament approved the country's 2014 budget of 1.59 billion euros. The deficit is set at less than 1 percent, while economic growth is forecasted to be at a level of 4.1 percent.

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Bulgaria's ski resort of Bansko was named by TripAdvisor as Europe's best value ski resort. The town won the acknowledgement for the second consecutive year.

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Greek company Antenna Group acquired the Romanian operations of German-based ProSiebenSat.1 Group, including Kiss TV and radio stations Kiss FM, Magic FM, One FM and Rock FM. The Greek group has announced plans to expand its presence in the region.

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The Albanian parliament adopted the country's 2014 budget amounting to 3.25 billion euros. According to the document, public deficit next year will be at 6.6 percent of GDP, while economic growth will be 2 percent.

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Turkey's Turkish Aerospace Industries (TAI) has signed a deal for the serial production of Hurkus-B, one of the versions of local basic trainer aircraft. TAI produces four prototypes of Hurkus, which is expected to make its first test flight next year.

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Croatian pharmaceutical company Belupo will build two new factories within the coming three years. The 5-million-euro project in the northern town of Koprivnica will create 100 new jobs.

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Israel will renew regular flights to Turkey after a halt of more than five years, Transportation Minister Israel Katz announced. The agreement came after months of discussions and will allow Israeli airlines to fly to Turkey by the summer of 2014.

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Montenegro's parliament adopted the country's 2014 budget amounting to 1.5 billion euros. The public deficit is estimated at 2 percent of GDP, while economic growth is forecast to be 3.6 percent.

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Greece is hoping to return to bond markets in the second half of 2014, Finance Minister Yannis Stournaras said. However, he noted there are two conditions for this to happen -- positive economic growth and a budget surplus.

(Various sources: 24/12/13-02/01/14)

This content was commissioned for SETimes.com.
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