As a new bid for state bonds is launched on Tuesday, Prime Minister Nikola Gruevski argues that they are not being issued to cover a budget crisis. The rumours that the state budget is so empty that there is no money for the wages for the state administration and for …

Bulgaria’s economy will shrink by five per cent this year, London-based research firm Capital Economics suggests, as quoted by the Bloomberg news agency. In one of the bleakest forecasts about the Bulgarian economy since the outbreak of the global financial crisis, Capital Economics said exports and inbound investment flows will …

The European Commission is considering Belgrade’s proposal to set aside €120 milion from pre-accession funds to help maintain Serbia’s macroeconomic stability and the budget. That is according to EU Enlargement Commissioner Olli Rehn. After a meeting with Deputy Prime Minister Bozidar Djelic, Rehn highlighted that the European Union may start …