The World Bank Board of Executive Directors acknowledged in a meeting on Tuesday that a project meant to safeguard Albania’s coastal zones was used to selectively demolish parts of a village in southern Albania and leave many families homeless. An inspection report by the International Development Association, IDA, published by …

Bulgarian authorities plan to invest in tourism projects in “beautiful and lesser-known places around the country” and build them up to their former splendor and prominence. The first areas to benefit from the initiative are the town of Trun in western Bulgaria, the village of Sitovo near Plovdiv and Goleshevo …

New financial leasing contracts in Bulgaria continued to dwindle in the final quarter of the year, totalling 936 million leva, down 15% from the three months before, showed central bank data. As the financial meltdown began to make its way into the Bulgarian economy, the sector started to lose momentum …