Albania’s central bank warned the government on Wednesday against increasing budget expenditure, as this could put the macroeconomic stability of the country at risk. The central bank called for a tighter fiscal policy saying the government has no room to offer further fiscal stimulus. “This is the maximum that the …

The chief of the International Monetary Fund’s mission in Serbia Albert Jagger confirmed today at a press conference that the IMF will approve the loan arrangement with Serbia, but said the Serbian goverment must fulfill some conditions first. “These conditions are: rebalancing the budget, changes in tax regulations, and getting …

About 2,000 workers in Montenegro protested Wednesday over the possible closure of a factory owned by embattled Russian tycoon Oleg Deripaska, the Associated Press reported. The workers at aluminum maker KAP, the biggest Montenegrin exporter, defied a police ban and gathered in front of government headquarters to put pressure on …