On 29 December 2004, just one day after being sworn in, the new Romanian government decided to radically change the tax system. Since 1 January, profit taxes have been reduced from 25 per cent to 16 per cent, and the graduated income tax was replaced with a 16 per cent …

Serbia-Montenegro will downsize its military by 9,300 people this year as part of its efforts to adjust to NATO standards, the defence ministry’s office of public relations said Sunday (29 May). A total of 1,400 professional soldiers and 5,300 civilians will be released in Serbia, while in Montenegro the number …

The decision by the Republika Srpska National Assembly (RSNA) to reject an EU-backed proposal to unify Bosnia and Herzegovina’s (BiH) police forces jeopardises the country’s future, top international envoy Paddy Ashdown said Tuesday (31 May). After 12 hours of debate, 62 lawmakers in the 83-seat RSNA voted against the police …