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Russia To Delay Serbia Pipeline-Report

Russia’s Gazprom and Serbia’s gas company Srbijagas have decided to postpone “for some time” the signing of an agreement on a joint venture for building the South Stream gas pipeline, previously due to start in early March. Politika daily quoted sources close to Gazprom as saying the reason was that …

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Romania Likely To Seek New Loans

Romania’s Finance Minister says Romani will probably soon start negotiations with the International Monetary Fund or the European Union for a grant aimed at protecting its slowing economy from the global financial crisis. “It is better to avoid a crisis, than to face it. And no loan is too expensive …

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Isolation shields Afghanistan from financial crisis

KABUL (Reuters) – Devastated by nearly three decades of war, Afghanistan‘s isolation from world trade and global finance might for once be to its advantage, shielding the country from the economic and financial meltdown abroad. Sandwiched between Kabul’s main mosque and a foul-smelling river is the teeming money market where …

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