The World Bank’s Albania director, Jane Armitage, on Thursday described the outcome of the sale of Albania’s utility company to the Czech firm CEZ in 2009 as ‘deeply disappointing’.“Three and a half years later we share the deep disappointment of Albanian citizens and the government with the outcomes of this …

Macedonia is expected to finish this year on zero per cent economic growth, the Central Bank Governor says, forecasting the same figure for 2013 as well.Bank Governor Dimitar Bogov blamed economic stagnation on shrinking exports caused by the European crisis. Macedonia exports more than half of its produce to European …

As the government in Greece votes on a new austerity program for next year’s budget, demonstrations are taking place outside parliament in Athens. Facing the debt-stricken country is another 13.5 billion euros worth of cuts and tax increases for 2013.