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EU, Turkey to sign Nabucco deal

BRUSSELS, Belgium Several EU countries and Turkey will sign an inter-governmental agreement on the construction of the Nabucco pipeline in Ankara on July 13th, the European Commission (EC) announced on Friday (July 3rd). Turkish Prime Minister Recep Tayyip Erdogan is expected to host the ceremony.

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Romania standby loan deal on track, says IMF

BUCHAREST, Romania’s performance under a two-year IMF loan programme is on track, the International Monetary Fund said yesterday, but warned populist measures in an election year may quickly undermine its emerging credibility. 

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Bulgarian Opposition Wins Parliamentary Poll

With nearly all ballots counted, Bulgaria’s opposition Citizens for the European Development of Bulgaria, GERB, party, founded by Sofia Mayor Boiko Borisov, has 42 per cent of the vote, while the Socialist-led coalition has 18 per cent, according to local media reports. Borisov is expected to be the next prime …

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