The Serbian government has announced savings of €1 billion as part of its economic stability plan. Prime Minister Mirko Cvetkovic said on Tuesday that 85 per cent of budget savings will be generated by cutting costs and 15 per cent by increasing revenue. “Besides cheaper public administration, the new package …

The International Monetary Fund has slashed its economic growth forecast for Albania. The IMF has revised its prediction of 2 to 3 per cent growth for Albania’s economy to between 0 and 1 per cent for the 2009 fiscal year. The new projection was announced on Tuesday by Gerwin Bell, …

Sofia – Bulgarian banks put up loan rates and fees, pulled consumer lending products and ended promotions in February as the global financial meltdown raged on, data from personal finance website moitepari.bg shows. DSK Bank, Raiffeisenbank and Emporiki Bank dropped unsecured consumer loan offers from their portfolios. Additionally, Emporiki now …