Public service unions are likely to file a lawsuit challenging a decision by the Croatian government to adopt a law that will reduce the base salary for 180,000 public service employees by six percent. Instead of cancelling collective contracts with employees, the cabinet has decided to introduce a law that …

Albania’s central bank warned the government on Wednesday against increasing budget expenditure, as this could put the macroeconomic stability of the country at risk. The central bank called for a tighter fiscal policy saying the government has no room to offer further fiscal stimulus. “This is the maximum that the …

The chief of the International Monetary Fund’s mission in Serbia Albert Jagger confirmed today at a press conference that the IMF will approve the loan arrangement with Serbia, but said the Serbian goverment must fulfill some conditions first. “These conditions are: rebalancing the budget, changes in tax regulations, and getting …