Faced with stalled growth and a weakened currency, Bucharest became the latest government to ask the IMF and EU for an emergency rescue package Romania could receive about €20 billion as part of an International Monetary Fund-European Union rescue package, with negotiations due to start this week.

Sofia. Operative staff with Sofia’s municipality for solving waste problem is forming. This became clear at press conference of Citizens for European Development of Bulgaria /CEDB/ municipal councilors. The staff consists of: Sofia’s mayor Boyko Borisov, representatives of Environment Directorate, and Mobilization preparation with the municipality as well as representatives …

According to Bulgaria’s minister of interior affairs Mihail Mikov the economic crisis had created a criminal situation in the country Thursday. Mikov made his statement in his first comment following a brutal murder that shocked Sofia last night. A 73 year old man was robbed, murdered and his home was …

Bulgaria’s leading centre-right parties, the Union of Democratic Forces (UDF) and Democrats for a Strong Bulgaria (DSB), look poised to overcome years of bickering after deciding on March 10 to begin talks on a coalition ahead of this summer’s Parliament elections. DSB gave leader Ivan Kostov, the former UDF prime …

US Vice President Joseph Biden during a meeting at the NATO headquarters in Brussels called on the Europeans to maintain their commitments to Kosovo and take their share of responsibility towards the newly independent state seriously. “There is still a lot of work to be done in Kosovo because our …

Bosnian police forces mounted an overnight operation in the southern suburbs of the capital of Sarajevo, hunting down nine armed convicts who had earlier escaped from a prison in the eastern Bosnian town of Ustikolina. By midnight, police had located and arrested four escaped convicts while the other four were …

The approaching presidential and local elections in Macedonia will be a litmus test for the country on its way to EU, the current EU Presidency holder, the Czech Prime Minister Mirek Topolanek, said late Tuesday in Skopje. During his one day stay visit to Skopje, Topolanek met Macedonian President Branko …

Albania’s opposition Socialist party is ahead of the ruling Democrats of Prime Minister Sali Berisha in voter preference three months before June’s general elections, according to a poll conducted by Zogby International for broadcaster Top Channel TV. In the poll released on Tuesday, 39 per cent of respondents said they …

The government is considering the adoption of shorter workweeks, to 32 hours, as a measure against layoffs amid economic crisis, Serbian Minister of Labour Rasim Ljajic, said.

After five days of slight depreciation, dinar strengthened against euro by 0.3%, the central bank said. The exchange rate of 94.60 RSD/EUR was established without the Central Bank’s involvement on the inter-banking FX market.