The Albanian government annulled €60 million worth of debts and unpaid bills of the state-owned electricity distribution company, OSSH, on Friday. The decision has been slammed by the opposition as “stupid” and corrupt, because it will decrease by more then 50 per cent the real price of OSSH, which is …

The average net salary in Romania rose 12.9 percent in the year to January, but declined slightly when compared to the month before, the National Statistics Board reported on Monday. January’s average salary was Lei 1,355 down by 0.9 percent from December, 2008. 

The World Bank Board has approved a Programmatic Private and Financial Development Policy Loan for Serbia worth €34.9 million in order to help the country achieve its economic growth related goals consistent with its European Union aspirations. The loan will support the Government’s reforms by enhancing the business environment, encouraging …