Russia is ready to extend a credit to Serbia and considers giving a loan to Bulgaria, Russian Deputy PM and Finance Minister Alexei Kudrin told journalists after a meeting with the finance ministers of the two countries in Istanbul where the IMF and World Bank hold an annual session.

Greece’s new cabinet will be announced on Tuesday after PASOK won Sunday’s early elections. On Monday the socialist party PASOK leader Georgios Papandreou will receive a mandate from President Karolos Papoulias to form a new government. According to some sources the new government scheme could be made public as early …

Serbia’s attempts to block Kosovo’s participation in regional initiatives could paralyse regional policies, according to a leaked European Commission, EC, report. This according to a report on Balkan countries involved in the EU enlargement process, to be issued in Brussels on October 14.