The World Bank chief of mission in Albania, Camille Nuamah, on Wednesday presented the bank’s report on the controversial demolition of a village in southern Albania, blaming the government in Tirana as well as the project coordinator, the son-in-law of Albanian Prime Minister Sali Berisha. According to the management report, …

Russia’s Gazprom and Serbia’s gas company Srbijagas have decided to postpone “for some time” the signing of an agreement on a joint venture for building the South Stream gas pipeline, previously due to start in early March. Politika daily quoted sources close to Gazprom as saying the reason was that …

Romania’s Finance Minister says Romani will probably soon start negotiations with the International Monetary Fund or the European Union for a grant aimed at protecting its slowing economy from the global financial crisis. “It is better to avoid a crisis, than to face it. And no loan is too expensive …