Local authorities in Bosilegrad municipality, an area around 450 kilometres southeast of Belgrade and populated by ethnic Bulgarians, have introduced a state of alert over weather conditions. Mayor Vladimir Zaharijev said that because of the huge snow drifts of up to a metre high around 30 villages were cut off …

Romania has reached an agreement with major international lenders for a €20 billion loan designed to finance the country’ sbudget and current- account deficits. According to the agreement, the International Monetary Fund is to lend €12.95 billion, the European Union – €5 billion while the rest will come from the …

The European Commission is seeking an explanation from Paris over French car-making giant Renault’s decision to recall some of its production from Slovenia to France. “The commission will ask the French authorities for explanations,” said the Commission spokesman on competition issues Jonathan Todd. French Secretary of State for Industry Luc …