While recession wreaked havoc in the world economy, Albania registered an eight percent growth in its Gross Domestic Product last year, according to the National Statistics Institute. However, few economists take seriously the data published by INSTAT, while others have even hinted that it might have been manipulated due to …
Read More »Serbian Govt Set to Adopt Budget Rebalance
The Serbian government is expected to adopt a rebalancing of the 2009 budget at Thursday’s session. Even though it was stated on Wednesday that the budget proposal was adopted by the government’s chief councils, according to Belgrade’s B92 network, the Finance Ministry was working into the late hours of the …
Read More »Unprepared Bosnia Starts Negotiations with IMF
Bosnia’s top western envoy has urged Bosnia’s Bosniak (Bosnian Muslim)-Croat dominated Federation to curb public spending in a bid to get urgent financial support from the International Monetary Fund, IMF. “The Federation of Bosnia and Herzegovina must bring its expenditures under control to ensure financial stability and meet IMF requirements. …
Read More »Macedonian government vows to invest 8 billion euros in infrastructure
The government of Macedonia proposed an ambitious plan to invest 8 billion euros in the country’s infrastructure through 2016. Fresh off a commanding victory in the April 5th presidential and local runoff, the ruling VMRO-DPMNE-led coalition in Macedonia now has a chance to make good on its plan to invest …
Read More »Serbia ready to forward stance on Kosovo to ICJ
Belgrade hopes that the International Court of Justice will rule that Kosovo’s unilateral declaration of independence violated international law, while officials in Pristina expect the court to rule in their favour. Serbia has finalised its argument against Kosovo’s independence and will forward it to the International Court of Justice (ICJ) …
Read More »Bosnia. Two New Mass Graves Found
Two new mass graves containing the bodies of Bosnian Muslims who had been killed during the war in Bosnia-Herzegovina have been discovered in the east of the country, the Bosnian Missing Persons Institute (INO) reported. The mass graves were discovered on Thursday and Friday on Mount Romanija and near Tuzla. …
Read More »EU Troika urges BiH to speed up reform efforts
SARAJEVO, Bosnia and Herzegovina (BiH) Foreign ministers of the EU Troika, consisting of past, current and future EU presidency holders, urged the BiH authorities on Thursday (April 9th) to speed up key reforms aimed at moving the country closer to the EU. The call was issued as the Czech, French …
Read More »Kosovo prepares to defend independence before ICJ
PRISTINA, Kosovo Kosovo is ready to defend its 2008 independence declaration before the International Court of Justice (ICJ), media reported on Friday (April 10th). British expert Michael Wood will lead Kosovo’s legal team at the ICJ to debate Serbia’s motion questioning the legality of Kosovo’s declaration of independence in February …
Read More »Prince joins Romania’s presidential race
BUCHAREST, Romania The prince of Hohenzollern-Veringen, Radu Duda, son-in-law of former King Mihai I of Romania, announced his candidacy for president on Thursday (April 9th). The election will be held in November.
Read More »Explosives planted in three cathedrals across Greece
ATHENS, Greece Unknown attackers planted explosive devices in three cathedrals across Greece on Thursday (April 9th). One went off inside the church of Agia Triada in Piraeus but caused no injuries.
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