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Economic development

thumbnailMacedonia focuses on natural gas as energy priority
2010-03-15While oil and electricity remain the mainstays of Macedonia's energy supply, natural gas is seen as the resource of the future. Proponents have been lobbying for the clean alternative to oil for more than 20 years.
thumbnailIMF gives green light to 350m-euro loan for Serbia
2010-03-18The IMF gave high marks to Serbia's recent economic performance, good enough for another standby loan. But Serbia needs to do more to overcome its crisis and fulfill requirements set by the Fund, IMF officials said.
Romania's public workers plan strikes
2010-02-26BUCHAREST, Romania -- Public workers will walk off their jobs in March to protest reduced salaries, union representative Sebastian Oprescu warned on...
IMF revises Bulgaria's 2010 GDP forecast
2010-03-02SOFIA, Bulgaria -- The IMF has revised its forecast for Bulgaria's GDP performance in 2010 to a growth of 0.2%, rather than the contraction of 2.5% f...
Croatia joins South Stream pipeline
2010-03-03MOSCOW, Russia -- Croatia became part of the South Stream pipeline project on Tuesday (March 2nd), after signing an agreement in Moscow. Croatian Pri...
Greek government approves more spending cuts, tax hikes
2010-03-03ATHENS, Greece -- The government approved a third round of austerity measures Wednesday (March 3rd) to help pull the country out of deep financial cr...
BiH hopes for NATO membership plan in April
2010-03-04BRUSSELS, Belgium -- Bosnia and Herzegovina (BiH) hopes to receive a NATO Membership Action Plan at a meeting of the alliance's foreign ministers in...
Bulgaria to join pipeline project
2010-03-05SOFIA, Bulgaria -- The Energy and Tourism ministry announced Thursday (March 4th) that Bulgaria will join Turkey-Greece-Italy natural gas pipeline, p...
Greece issues government bonds to cut deficit
2010-03-05ATHENS, Greece -- The country offered ten-year government bonds Thursday (March 4th) in an effort to raise money to offset some of its huge budget de...
Basescu: Romania may need additional outside financing
2010-03-07BUCHAREST, Romania -- Romania might be forced to seek additional external financing this year, President Traian Basescu warned on Friday (March 5th)....
Croatia's agriculture ministry, farmers agree payments
2010-03-08ZAGREB, Croatia -- The agriculture ministry and farmers agreed on Monday (March 8th) about payment of long-overdue subsidies. The deal will end farme...
EC to propose European version of IMF
2010-03-09BRUSSELS, Belgium -- EU Economic and Monetary Affairs Commissioner Olli Rehn plans to brief the European Commission (EC) on Tuesday (March 9th) about...
Protests continue against Greek austerity plan
2010-03-09ATHENS, Greece -- More protests are planned this week against the government's austerity package, which is aimed at slashing spending while raising r...
Working groups established for northern Kosovo strategy
2010-03-09PRISTINA, Kosovo -- After a meeting Monday (March 8th), the government announced the establishment of six working groups to implement the strategy fo...
IMF says Albania managed global crisis well
2010-03-10TIRANA, Albania -- The head of the IMF office in Albania, Gerwin Bell, said on Tuesday (March 9th) that the country achieved an impressive economic p...
Bulgarian government considers health insurance alternative
2010-03-15SOFIA, Bulgaria -- Prime Minister Boyko Borisov is backing away from a proposal to raise health insurance contributions by 2% to 10%, looking instead...
thumbnailBusiness: Belgrade hosts International Tourism Fair
2010-02-26A tourism fair in Belgrade attracts exhibitors from around the world. Also in business news: Greece announces a merger of two big air companies, and a Danube Centre for Competence is launched in Belgrade.
thumbnailBusiness: Cyprus fights financial crisis
2010-03-05The finance minister of Cyprus warns of the fiscal deficit. Also in business news: the jobless rate reaches 14% in Turkey and Skopje hosts an international construction fair.
thumbnailScience and Technology: Serbia gets loan from European Investment Bank
2010-03-08Belgrade intends to use an EIB loan for innovation and research. In other science news, Macedonia hosted an "Innovations in Education" conference and young scientists in Bulgaria call for a new university.
thumbnailBusiness: Financial crisis hits Balkan tourism
2010-03-12The global downturn translates into fewer holiday travellers in the Balkans. Also in business news: Turkey has the most billionaires in the region and an Italian company plans an automobile plant in Montenegro.

Energy: Issues and Trends

Energy: Issues and Trends
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