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 …

Kosovo and Austria have signed a memorandum of understanding pledging to foster closer economic cooperation. The main focus of the deal will be the intensification of trade, cooperation in private sector economy, promotion of direct investments, export promotion and brain and technological transfers. Signed by Kosovo’s Minister of Trade and …

Bulgaria’s economy grew by six per cent in 2008 to 66.1 billion leva, the country’s National Statistics Institute, NSI, said in a flash estimate, but the growth rate shrank drastically in the last quarter of the year. Fourth-quarter gross domestic product, GDP, growth was 3.6 per cent, according to the …