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Serbia Tops Balkans For Illicit Financial Flows

The organisation Global Financial Integrity has ranked Serbia worst of all Balkan countries when it comes to illegal financial flows.About 5 billion dollars worth of money has “disappeared” every year in Serbia from 2001 to 2010 through illegal financial flows, the research and advocacy organisation Global Financial Integrity says. It …

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Cyprus Bank Levy Worries Romanian Savers

Thousands of Romanians are to be affected by the controversial plan to tax savings held in Cypriot banks.Some 40,000 Romanians who live and work in Cyprus could be hit by the controversial plan to tax bank deposits in order to fund a bank bailout. “All Romanians here will be affected. …

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