While recession wreaked havoc in the world economy, Albania registered an eight percent growth in its Gross Domestic Product last year, according to the National Statistics Institute. However, few economists take seriously the data published by INSTAT, while others have even hinted that it might have been manipulated due to …

The Serbian government is expected to adopt a rebalancing of the 2009 budget at Thursday’s session. Even though it was stated on Wednesday that the budget proposal was adopted by the government’s chief councils, according to Belgrade’s B92 network, the Finance Ministry was working into the late hours of the …

Bosnia’s top western envoy has urged Bosnia’s Bosniak (Bosnian Muslim)-Croat dominated Federation to curb public spending in a bid to get urgent financial support from the International Monetary Fund, IMF. “The Federation of Bosnia and Herzegovina must bring its expenditures under control to ensure financial stability and meet IMF requirements. …