Romania was one of the four countries running excessive budget deficits, the European Commission has said, giving the country a deadline to 2011 to bring it in line with European Union norms. Romania would not be penalised, however, since the deadline reflected the country’s recent bail-out deal with the International …

A new border point opened between Glloboqice in Kosovo and the town of Borje in Albania on Wednesday. The head of Kosovo Border Police, Bejar Selimi, Albania’s ambassador to Kosovo, Islam Lauka, municipality workers and hundreds of people from both the municipalities of Sharr in Kosovo and Kukes in Albania …

Croatia and Serbia signed an extrensive economic cooperation agreement Wednesday, which will see the two former rivals join regional markets together. The agreement calls for cooperation in the sectors of shipbuilding, energy, electrical engineering, infrastructure, agriculture, tourism, as well as the food, pharmaceutical, tobacco, chemical and wood industries, news agencies …