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Romania vows to proceed with austerity measures

Romanian Prime Minister Emil Boc said on Wednesday (May 26th) that his government has no intention of giving up its austerity measures, despite public opposition and a confidence vote planned for next week. The measures envision slashing public sector wages by 25% and reducing pensions by 15%. The decision to proceed …

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IMF, Serbia agree on fourth loan revision

Representatives of Serbian government and the International Monetary Fund, IMF, have reached agreement on the fourth review of the country’s stand-by arrangement, which will enable Serbia to draw down €380 million. Addressing reporters on Wednesday, Serbian Minister of Finance Diana Dragutinovic said that due to slowed economic growth in Serbia, …

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USA and UK propose Boris Tadic to mediate the talks between Zagreb and Ljubljana

US and UK diplomats think that Serbian President Boris Tadic could use his authority to be the mediator and influence a positive outcome of the Slovenian referendum for the arbitrary agreement for the border dispute with Croatia, scheduled for June 6, and also for

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Romania President on official visit to Macedonia

Romanian President Traian Basescu is on an official visit to Skopje today, where he is meeting with his Macedonian counterpart George Ivanov. Speaking at a joint press conference with Ivanov in the Macedonian capital, Basescu said that Bucharest would accept any solution on the name issue that is reached between …

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