The International Monetary Fund (IMF) has approved a 1.57 billion dollar loan to Bosnia and Herzegovina that was stalled over the country’s failure to implement a series of economic measures. The loan, which is intended to mitigate the effects of the global economic crisis on the small nation, was negotiated …

Albanian economic growth this year will be minimal, owing to the effects of the global economic downturn, the Central Bank governor, Ardian Fullani, has said. Fullani said confidence in the Albanian banking sector had revived after the first aftershocks of the crises in global financial markets. However, the government needs …

The Albanian government decided on Tuesday to slash the pension age for miners from 65 to 60-years-old, following an electoral promise from Prime Minister Sali Berisha. Miners unions have held a series of protests in recent years seeking better working conditions and demanding better pensions and wages.