At the end of 2008 Macedonians owed around 1.0 billion euros to banks in mortgage, business and other household loans, an equivalent of 500 euros for each of the country’s two million people, local media say. This marks a significant increase from last year’s average indebtedness of an estimated 337 …

The import of Russian natural gas resumed Wednesday morning, after it was halted for two weeks, Romania’s state-owned pipeline operator Transgaz said. Russia’s Gazprom cut off natural gas supplies on January 7 due to economic disagreements with Ukraine. Ukraine is the main transit route for Russian gas pipelines to the …

Bulgaria’s Minister of Energy and Economy Petar Dimitrov said on Wednesday that the austerity measures in natural gas consumption would be lifted after Russia and the Ukraine resolved their gas pricing dispute. . “We have gas, the crisis is over”, the Minister declared explaining all technical conditions to do away …