Balkans

Fitch Downgrades Serbia’s Rating to ‘Negative’

Agency blamed deteriorating finances and recent measures strengthening parliament’s control over the central bank.The US agency Fitch Ratings has downgraded Serbia’s outlook from stable to negative, citing the weakening fiscal position and low economic growth. “The negative outlook reflects the deterioration in the country’s fiscal and external financing position and …

Read More »

Croatian PM Predicts Recovery Starting in 2013

On visit to Hvar island, Milanovic says economic recovery will begin in 2013, while pledging more investment in country’s war-torn undeveloped areas.On a visit to the Adriatic island of Hvar on Thursday, Croatia’s Prime Minister expressed his belief that the shaken economy will start to recover next year. “The crisis …

Read More »

Serbia Plans Tax on Wealth, Higher VAT

As a part of the plan to fight the economic crisis, the new government plans to change the tax policy, increasing taxes on the rich and raising VAT.Serbia’s Minister for Trade, Rasim Ljajic, said the biggest problem facing the new government is not Kosovo or EU integration but the difficult …

Read More »

Greek PM will meet eurozone leaders and will ask for time

Greek Prime Minister Antonis Samaras will next week have his first meetings with eurozone leaders since taking office, striving to assure them he will honour a pledge for more austerity and gauging whether they could grant him more time to pull it off. Samaras will fly to Berlin and Paris …

Read More »

Bosnia makes efforts to evacuate its citizens from Syria

Bosnia’s Foreign Ministry is trying to evacuate as many as it can of around 2,000 Bosnians in Syria – but contact with several families who have sought evacuation has now been lost. The families asked the Bosnian embassy in neighbouring Jordan to help them leave the city of Allepo, currently …

Read More »