Eurasia News

Greece says deficit cut by 42%

Greek Finance Minister George Papaconstantinou said on Monday (July 5th) that Greece has managed to slash its budget deficit by 42% since the beginning of the year. According to the Central Bank, the deficit is now 4.9% of GDP, or 11.45 billion euros, compared to 19.685 billion euros a year …

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Putin sets out new strategy for N. Caucasus

Russian Prime Minister Vladimir Putin has outlined new initiatives to boost economic development in the restive North Caucasus. Russia is fighting a growing Islamist insurgency in the region fueled by poverty, unemployment and corruption. Speaking in Kislovodsk, in Russia’s southern Stavropol region, Putin called on

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IMF mission due in Romania end of July

A mission of the International Monetary Fund will visit Romania starting July 26 to review reforms and discuss the 2011 budget, the IMF representative in Bucharest Tonny Lybeck said Monday. “The IMF review mission will evaluate Romania’s recent economic performance and discuss with the authorities the economic objectives for the

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