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Montenegro: KAP to get government aid

Montenegro will provide financial aid to ailing aluminium producer KAP, under several conditions, the government said. Early in January, KAP had said it would suspend production by February without government’s support, due to severe losses from high production costs and falling metal prices on the international crisis. Local media later …

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Russian President Medvedev Welcomes Debate On Crisis Measures

MOSCOW -Russian President Dmitry Medvedev said Friday he was happy to have the government’s economic policies criticized, while telling regional deputies to be “extremely” attentive to social problems. In comments that contrasted with the tough image of his predecessor, Prime Minister Vladimir Putin, Medvedev stressed the need for open debate …

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Georgian Ambassador to Armenia takes his leave of RA NA chairman

Armenian National Assembly Speaker Hovik Abrahamyan met Thursday with Georgian Ambassador Revaz Gachechiladze, who is completing his mission in the republic. The Armenian Speaker thanked Ambassador Gachechiladze for his contribution to the development of the Armenian-Georgian cooperation. The two discussed possibilities to strengthen interparliamentary ties and other issues of mutual …

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Romania not ruling out recession

Bucharest. Romania could slip into recession this year, when the economy could show a contraction of 1.0 percent to growth of 1.5 percent, Finance Minister Gheorghe Pogea said on Thursday. Romania is currently in talks with the International Monetary Fund and the European Union over a possible financial bailout.

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Romania Opens Emergency Refugee Centre

Officials from the UN’s High Commission for Refugees, UNHCR, and Romania on Thursday officially opened an emergency transit refugee centre in Timisoara, western Romania, to house refugees facing acute danger and in need of immediate evacuation. The centre, the first of its kind in the world, has been set up …

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Bulgaria Cabinet Gives Green Light to Sofia’s Waste Treatment Plant

Bulgaria’s Ministries Council granted authorization Thursday to design and build a waste treatment facility in the “Sadinata” site, near the village of Yana, in Sofia’s “Kremikovtzi” district. The “Integrated System of Facilities for Treatment of Household Waste from Sofia’s Municipality” will be built on nearly 333,000 square meters of lands …

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