Eurasia News

Ten members of opposition arrested in Georgia

Georgia’s Interior Ministry has reported that ten members of the opposition Democratic Movement-United Georgia party have been arrested on charges of purchasing automatic weapons. The party’s leader Nino Burjanadze says the charges are false and are part of a “campaign of terror” against the opposition.

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Montenegro ‘Quickly’ Moving Towards EU

Montenegro is efficiently fulfilling its Stabilisation and Association Agreement with the EU and is quickly moving towards accession, EU Enlargement Commissioner Olli Rehn says. Speaking in Brussels on Sunday after a meeting with Montenegrin Foreign Minister Milan Rocen, Rehn said Montenegro has strengthened its administrative capacity, implemented legal reforms and …

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Opposition ‘Will Ruin Bulgaria’s Economy’

Prime Minister Sergey Stanishev has told the Reuters news agency that his party must win forthcoming parliamentary elections to stop the opposition implementing what he describes as “dangerous” economic plans. Stanishev said that Bulgaria did not need experiments with fiscal policy to deal with the global downturn as offered by …

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Bulgaria Economy to Shrink 5% in 2009

Bulgaria’s economy will shrink by five per cent this year, London-based research firm Capital Economics suggests, as quoted by the Bloomberg news agency. In one of the bleakest forecasts about the Bulgarian economy since the outbreak of the global financial crisis, Capital Economics said exports and inbound investment flows will …

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EC Mulls Funds to Boost Serbian Economy

The European Commission is considering Belgrade’s proposal to set aside €120 milion from pre-accession funds to help maintain Serbia’s macroeconomic stability and the budget. That is according to EU Enlargement Commissioner Olli Rehn. After a meeting with Deputy Prime Minister Bozidar Djelic, Rehn highlighted that the European Union may start …

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